Taiwan hit by strongest quake in 25 years

06:58

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Asia Pacific

Taiwan hit by strongest quake in 25 years

Asia-Pacific stocks are falling, after a red session on US stock markets, with shares of electric vehicle plunging..... A strong earthquake hit Taiwan on Wednesday, the strongest tremor to hit the island in at least 25 years. Shares of the Taiwan stock exchange were tumbling. Taiwan Semiconductor Manufacturing Co evacuated production lines after the earthquake, A company spokesperson said safety systems were operating normally. Shares of TSMC fell 1.5% in early trading. China's service sector activity expanded at its fastest pace since December, according to surveys from Caixin. The services purchasing managers index in China rose to 52.7 in March...DESPITE this the Shanghai Composite is also in the red.