Shares in Taiwan tumble following US election polls

The China Post
Date: November 3, 2016

TAIPEI — Taiwan’s shares tumbled on Wednesday following overnight losses on Wall Street and European markets as investors turned cautious amid mounting uncertainty about next week’s U.S. presidential election, dealers said.

Cautious sentiment dominated the global stock markets because some of the poll numbers have tightened over the past week, according to dealers.

While some of the latest presidential polls showed Democrat Hillary Clinton maintaining a big lead over Donald Trump, a poll by ABC News showed Trump leading by one point and the Los Angeles Times put the Republican candidate more than two points ahead.

On Wednesday, the Taiwan Stock Exchange’s main index closed down 133.66 points, or 1.44 percent, at 9,139.04 after moving between 9230.23 and 9139.04, on turnover of NT$63.64 billion (US$2.01 billion).    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.