Taiwan stocks suffered their largest decline in years today

Taiwanese stocks, the first major market to close in Asia, were hit hard on Monday.

The TAIEX in Taipei finished the session down 4.84% at 7410.34.

It was the largest loss, in both percentage and points terms, since August 5, 2011 – the height of the European debt crisis – and left the index at lows last seen in November 2012.

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