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Taiwan: Stocks little changed ahead of Fed meeting

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[TAIPEI] Taiwan stocks were little changed on Tuesday amid continued uncertainties in global economies and as Asian shares slipped on mounting worries ahead of a referendum in Britain that could see it exiting the European Union.

Investors were also nervous ahead of the US Federal Reserve's two-day meeting that begins later in the day.

The main TAIEX index was nearly unchanged at 8,533.77 as of 0149 GMT, after closing nearly 2.1 per cent lower in the previous session, the biggest single-day percentage loss since Jan 4.

The electronics subindex rose 0.1 per cent, while the financials subindex gained 0.2 per cent.

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Technology stocks were mixed, with electronics component maker Hon Hai Precision Industry Co Ltd up 0.6 per cent and chip test and packaging company ASE down 1.5 per cent.

Among actively traded financials, CTBC rose 0.6 per cent and Fubon Financial gained 1.3 per cent on bargain-hunting.

The Taiwan dollar firmed T$0.036 to T$32.399 per US dollar.

REUTERS

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