Taiwan: Stocks down on weak overseas markets, local economic outlook
[TAIPEI] Taiwan stocks fell on Wednesday on downbeat sentiment in overseas markets and a gloomy economic outlook at home.
As of 0202 GMT, the main TAIEX index fell 0.1 per cent, to 8,500.44, after closing down 0.2 per cent in the previous session.
The electronics subindex fell 0.4 per cent, while the financials subindex edged up 0.3 per cent.
Taiwan's latest inflation reading issued early Wednesday showed price weakness persisting for the seventh month running, which will likely lead the government to cut its 2015 forecast for the consumer price index from its current estimated growth for 0.13 per cent.
The Taiwan dollar firmed TW$0.03 to TW$31.696 per 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
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard