Taiwan stocks dropped on Monday, weighed by ruling party DPP’s resounding defeat in local elections and amid a broader selloff across Asia.
The benchmark Taiex slid 1.5%, the most since Oct. 13, as investors worried that the government may stop support measures for the market after opposition Kuomintang’s victory at the polls. The party, which favors eventual unification with China, held onto 13 seats at Saturday’s elections.
