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Taiwan: Stocks fall tracking overseas markets

Friday, November 11, 2016 - 10:44

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[TAIPEI] Taiwan stocks fell on Friday tracking global peers, as the local currency dropped to a near one-month low with US bond yields soaring on expectations that US President-elect Donald Trump's policies would stoke inflation.

As of 0205 GMT, the main Taiex index fell as much as 2.2 per cent to 8,950.27 points, after closing up 2.3 per cent in the previous session.

The Taiwan dollar softened by NT$0.209 to NT$31.798 per US dollar and was trading around its lowest level since mid October.

The electronics subindex lost as much as 2.8 per cent to 360.93, its lowest in nearly four months, while the financials subindex was unchanged.

REUTERS

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