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Taiwan: Stocks weaker on global uncertainties, ahead of orders data

Tuesday, December 20, 2016 - 10:05

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[TAIPEI] 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 per cent, to 9,224.56 points, after briefly swinging 0.2 per cent higher in early trade.

The index closed down 0.9 per cent in the previous session.

The electronics subindex sank 0.3 per cent, while the financials subindex lost 0.1 per cent.

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Market voices on:

Among actively traded shares, chip designer MediaTek was off 3.6 per cent, while TSMC was down 0.6 per cent.

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 NT$0.008 to NT$31.978 per US dollar.

REUTERS

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