Taipei, July 29 -- Taiex falls below 40,000 points as AI concerns run deeper, with shares in Taiwan plunging sharply on Wednesday morning as major technology equities faced intense selling pressure amid mounting uncertainties surrounding returns on artificial intelligence investments, according to a news report by Focus Taiwan.

The broad market drop saw the Taiwan Stock Exchange's benchmark index breach a key psychological barrier during morning trade. As of 11:53 a.m., local time, the Taiex had fallen by 1,830.55 points, or 4.40 per cent, to stand at 39,772.81. During the same period, the bellwether electronics index experienced a steep decline of 5.08 per cent. The morning slump represents the first instance since April 30 that the Tai...