Taiwan: Stocks fall to over two-week lows; TSMC down
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TAIPEI] Taiwan stocks hit more than two-week lows on Wednesday as worries over the tightening US presidential election race weighed on riskier assets across Asia.
As of 0250 GMT, the main Taiex index was down one per cent at 9,182.58 points, after touching as low as 9,167 during the session, its lowest since mid-October.
The electronics subindex sank 1.1 per cent, while the financials subindex lost 0.6 per cent.
Losses were paced by heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC). The world's biggest contract chip maker and a foreign investor favourite fell 1.3 per cent.
The Taiwan dollar softened NT$0.037 to NT$31.605 per US dollar.
Asian shares fell and the US dollar was on the defensive on Wednesday as signs that Republican US presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
