Taiwan stocks weaker on global uncertainties, ahead of orders data

21-Dec-2016 Intellasia | Reuters | 6:00 AM Print This Post

Taiwan stocks fell on Tuesday

after deadly incidents in Germany and Turkey tempered buying,

although Wall Street ended higher.

As of 0128 GMT, the main TAIEX index fell 0.2

percent, to 9,224.56 points, after briefly swinging 0.2 percent

higher in early trade.

The index closed down 0.9 percent in the previous session.

The electronics subindex sank 0.3 percent, while the

financials subindex lost 0.1 percent.

Among actively traded shares, chip designer MediaTek

was off 3.6 percent, while TSMC was down 0.6


Selling – with the index ending down for four sessions in

a row – could turn to bargain hunting if data due after

market close points to near-term upbeat demand.

Taiwan’s export orders are expected to have risen for a

fourth month in November from a year ago, a Reuters poll

forecast. The economics ministry is due to issue the data, seen

as a leading indicator for actual exports, later on Tuesday.

The Taiwan dollar softened T$0.008 to T$31.978 per

US dollar.



Category: Taiwan

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