You are here

Taiwan: Stocks flat after govt unveils stimulus package

taiex.jpg

[TAIPEI] Taiwan stocks were little changed on Friday as investors remained cautious after the government announced a stimulus package amid uncertainty from trading partners the United States and China, and the central bank left its policy rate steady as expected.

The main Taiex index was down 0.1 per cent at 9,925.43 as of 0110 GMT, after closing marginally higher in the previous session.

Some investors have been cautious about valuations as the key stock index has risen about 7 per cent so far this year, hitting its highest in almost two years recently.

The electronics subindex declined 0.1 per cent, while the financials subindex dropped 0.1 per cent.

Among the most actively traded stocks, Taiwan Semiconductor Manufacturing Co (TSMC) was off 0.8 per cent. TSMC is the world's biggest contract chip maker and an Apple Inc supplier.

Your feedback is important to us

Tell us what you think. Email us at btuserfeedback@sph.com.sg

The Taiwan dollar softened NT$0.01 to NT$30.498 per US dollar, hovering near a more than two-year high hit earlier this week.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes