Stock Market

Taiwan stocks closed 3.43 percent lower on Monday, posting its worst single-day drop in 2-1/2 months, as investors locked in strong gains in financial shares made over the past week. The main TAIEX share index ended 184.65 points lower at 5,20 6.05, marking its biggest one-day decline since January 15 and ending a five-session winning streak that pushed the market to a 5-1/2-month high on Friday.