Taipei - Taiwan's stockmarket plunged 2.72 per cent Monday amid bearish sentiment triggered by foreign fund outflows and a money laundering scandal allegedly implicating former Taiwan president Chen Shui-bian and his family, dealers said.
The Weighted Price Index of the Taiwan Stock Exchange, which opened lower with weak momentum, extended its downward trend to end at 7,000.74, a plunge of 195.76 points or 2.72 per cent, from the previous trading session.