BAND CAMP:The widened trading band of 10 percent would be a neutral factor going forward, as investors refocus on fundamental issues, domestic analysts said
Date: Jun 08, 2015
By: Crystal Hsu / Staff reporter
The TAIEX is likely to consolidate this week with a positive bias on the back of technical rebounds and investors feeling more comfortable with the trading band increase, analysts said yesterday.
However, financial volatility in Europe and the US could merit caution, as Greece’s debt payments and potential US Federal Reserve interest rate hikes continue to weigh on sentiment, analysts said.
The main trading index shed 3.72 percent, or 360.94 points, in five straight sessions last week after authorities relaxed the trading band from 7 percent to 10 percent, in line with global practices. [FULL STORY]