TAIPEI: Taiwan stocks declined 0.7 per cent on Thursday, in line with regional and world’s stocks as financiers digested signals from the US Federal Reserve on when it would increase interest rates.
As of 0225 GMT, the main TAIEX index was lower 61.73 points at 9,444.19, after closing down 0.11 per cent on Wednesday.
The US central bank offered an upbeat assessment of the domestic economy but was more hawkish on interest rates than market watchers had expected.
Taiwan’s main sub-indexes all faltered. The electronics sub-index was down 0.92 per cent, led by semiconductors which dropped 1.32 per cent.
Banks and insurance holdings shed 0.53 per cent, while autos fell 1.05 per cent. One bright spot was construction, which traded flat.
Taiwan dollar was down T$0.153 at T$31.481 to the US dollar.
