Taiwan: Stocks fall ahead of rate meeting, lack of strong overseas cues
[TAIPEI] Taiwan stocks fell mildly on Wednesday ahead of the central bank's rate-setting meeting and with lack of strong cues from overseas markets.
The main TAIEX index fell 0.1 per cent to 9,235.49 as of 0406 GMT, after closing mostly flat in the previous session.
The electronics subindex was down 0.1 per cent, while the financials subindex lost 0.2 per cent.
The losses came despite stronger-than-expected export orders for November issued after the market closed on Tuesday, that economists said paved the way for the central bank to stand pat on benchmark rates when it meets for its final policy meeting of the year on Thursday.
Among actively traded shares, notebook maker Acer was down 0.8 per cent, after its board approved an impairment charge of about NT$6.3 billion, but said that it would not impact its operations and cash.
The Taiwan dollar softened NT$0.009 to NT$32.014 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
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%