Focus Taiwan
Date: 2018/02/05
By: Tsai Yi-chu and Frances Huang
Taipei, Feb. 5 (CNA) Wellington Koo (顧立雄), chairman of the Financial Supervisory
FSC Chairman Wellington Koo CNA file photo
Commission (FSC), has urged investors to maintain their faith in Taiwan’s stock market despite its tumble on Monday.
Though the Taiwan Stock Exchange’s benchmark index took a beating, falling 1.62 percent on Monday, Koo said the decline reflected heavy losses in United States markets at the end of last week rather than a problem with fundamentals in the local market, which remained sound.
The Taiex fell 179.98 points, or 1.62 percent, to 10,946.25, after moving between 10,885.43 and 10,970.30, on turnover of NT$128.19 billion (US$4.38 billion).
The selling came after the Dow Jones Industrial Average shed 665.75 points, or 2.54 percent, on Friday, the steepest daily loss since June 2016. [FULL STORY]
