Taiwan Stocks Heads for Correction as Global AI Selloff Deepens

Taiwan stocks closed lower with the Taiwan Weighted index dropping 2.53%. The stock benchmark is currently on the verge of entering a technical correction. This decline is occurring as the global selloff in artificial intelligence stocks deepens, impacting the local market. The downward trend reflects broader international volatility within the AI sector, leading to significant losses for Taiwan's primary equity index as investors react to the deepening global selloff of AI-related assets.