Taiwan: Stocks fall; market awaits Yellen's address
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[TAIPEI] Taiwan stocks fell on Monday in cautious trading as investors awaited Federal Reserve chair Janet Yellen's address.
Investors will be looking for signals from Ms Yellen's comments later in the day about the US central bank's next rate move after shockingly weak payroll data all but killed off chances for a hike this month.
As of 0345 GMT, the main TAIEX index fell 0.1 per cent to 8,581.00.
The electronics subindex stayed flat, while the financials subindex was off 0.07 per cent.
The Taiwan dollar firmed T$0.114 to T$32.392 per US dollar.
REUTERS
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