The China Post
Date: September 11, 2016
By: CNA

TAIPEI–Shares in Taiwan on Saturday extended their losses from the previous session, closing down more than 110 points as investor sentiment was hurt by growing fears of an interest rate hike by the U.S. Federal Reserve, dealers said.

The selling on the local main board followed a drop of almost 400 points on the Dow Jones Industrial Average overnight after a voting member of the Fed suggested that a gradual tightening of the U.S. central bank’s policy would help support employment, dealers said.

On the Taiwan bourse, the bellwether electronics sector led the drop of the broader market, with “Apple concept stocks” in focus amid worry over sales of the latest iPhones, which tech analysts said delivered no surprises since the upgrade of specifications had been widely expected, according to dealers.     [FULL  STORY]