Taiwan Capitalization Weighted Stock Index

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An index tracking all stocks that trade on the Taiwan Stock Exchange, including preferred stock and stock in companies listed for less than a month. As the name implies, the index is weighted for market capitalization; that is, price changes in stocks with higher market caps will affect the index more than stocks with lower market caps. The index was first published in 1967. See also: Taiwan weighted index.

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Taiwan and South Korean shares, for instance, took a heavy beating Wednesday, with the Taiwan Capitalization Weighted Stock Index closing 2.

The Taiwan Capitalization Weighted Stock Index rose about 3 percent while Hong Kong's Hang Seng Index was up more than 1 percent by midday.