You are here

Taiwan: Shares fall ahead of GDP data

TAIWANSTOCKMARKET.jpg

[TAIPEI] Taiwan stocks fell on Friday, tracking slides in other regional bourses, with investors staying cautious as the Taiwan government is expected to cut its 2015 GDP forecast, which is already at six-year lows.

As of 0142 GMT, the main TAIEX index fell 0.2 per cent to 8,469.54, after closing at 8,484.9 in the previous session.

The electronics subindex slipped 0.3 per cent, while the financials subindex gained 0.1 per cent.

Taiwan's export-driven economy has been hit hard by faltering global demand for tech gadgets among others. The government is set to revise down its 2015 full-year and third-quarter GDP figures at 0800 GMT.

The Taiwan dollar firmed TW$0.088 to TW$32.613 per US dollar.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom