TAIPEI: Taiwan stocks fell slightly on Monday as investors took a wait-and-see attitude following China’s measures to boost its ailing stock market and Greece’s “no” vote on a rescue package from creditors.
As of 1:43 GMT, the main TAIEX index was down 0.2 per cent at to 9,340.70, slightly ahead of other regional bourses. It had closed lower 0.22 percent at 9,358.23 in the previous session.
The Shanghai Composite Index, which had suffered a 30 per cent plunge in the last three weeks, surged 4.59 per cent on Monday following a series of drastic policy moves to support shares.
This helped soothe investor nerves against the prospect of a Greek exit from the euro zone, which became increasingly likely after the nation rejected the terms of a deal that would have imposed more austerity measures on an already ravaged economy.