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Taiwan: Stocks fall, foreign investors continue to sell

Tuesday, June 16, 2015 - 09:59
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[TAIPEI] Taiwan stocks were weaker on Tuesday as local investors couldn't shake the worries felt by regional bourses over the trouble in Greece.

The main TAIEX index fell 0.6 per cent to 9,200.71 by 0131 GMT, after closing down 0.46 per cent on Monday.

The financials index lost 0.1 per cent, while the electronics index was off 0.8 per cent.

The downbeat sentiment comes as foreign investors continued to sell domestic shares on a net basis Monday, leaving an unbroken net selling streak since the start of June.

Caution ahead of the US Federal Reserve meeting also kept some investors sidelined.

Taiwan follows the Fed closely, while its own central bank will meet on June 25 for its quarterly policy meeting to decide on benchmark rates.

Struggling smartphone maker HTC Corp, which is expecting a steep loss in the current quarter, resumed its decline, off about 6 per cent in early trade, after closing 10 per cent higher in the previous session on a technical rebound buying.

REUTERS