Taiwan stock index plunges amid worsening COVID outbreak

Taiwan stock index plunges amid worsening COVID outbreak TaiwanNews | 6:54 AM Taiwan's stock market dropped 660 points on Monday (May 17) before recovering some ground to finish down 2.99 percent as the country scrambled to contain a fresh surge in coronavirus cases. Tightened COVID-19 restrictions introduced over the weekend sent the stock market plunging before picking up slightly, but the announcement by Taipei and New Taipei to close primary and secondary schools for two weeks triggered panic selling in the afternoon session. The Taiex closed lower at 15353.89 points. It follows the benchmark index's third-largest drop in history on…