Taiwan’s stock market experienced a dramatic reversal today, falling 640 points after reaching a record high earlier in the session. The decline was largely driven by a sell-off in the technology sector, with Nanya Plastic Corporation hitting its daily trading limit down. Memory chip stocks also suffered significant losses, contributing to the overall market downturn. A price increase notice from a key supplier is believed to have triggered concerns about rising costs for MediaTek, further exacerbating the negative sentiment. Investors reacted sharply to the news, leading to widespread profit-taking and increased volatility. The market’s performance reflects broader anxieties surrounding global economic conditions and the semiconductor industry. Analysts are monitoring the situation closely to assess the potential for further corrections.