Taiwan: Stocks fall; insurers down after water park fire
[TAIPEI] Taiwan stocks fell 1.6 per cent on Monday along with global markets on fears of a Greece default, and as investors dumped insurance stocks after nearly 500 people were injured in a fire at a Taiwan water park.
Minutes into trading, the main TAIEX index had dropped to 9,308.30 points, extending its 0.2 per cent dip in the prior session.
The financial sub-index shed 2 per cent. Taiwan authorities had began investigating the cause of the water park fire that occurred over the weekend.
Electronics shares were off 2 per cent.
The Taiwan dollar was down 0.379 per cent to stand at T$31.250 to the US dollar.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks decline at Monday’s open; STI down 0.3%
Stocks to watch: Singtel, Keppel, Great Eastern, Seatrium, Best World
Weaker yen keeps Japanese tourists at home while visitors throng
Wall Street bulls say stock rally can resume even without rate cuts
Powering optimal deals with innovation
Europe: Stoxx 600 logs best day in three months as banks shine