‘IMPATIENT INVESTORS’:Yesterday marked the fourth straight losing session for the main bourse. UBS trimmed its target forecast for the TAIEX to 10,000 points this year
Date: Jun 05, 2015
By: Crystal Hsu / Staff reporter
A futures-driven sell-off caused the TAIEX to plunge 2.18 percent yesterday to
9,348.63 points, its lowest level in four-and-a-half months, following speculation that foreign institutional investors added a net 10,000 short-position contracts in the day.
Yesterday was the fourth straight losing session on the main bourse since the government relaxed the stock-trading band on Monday to 10 percent, from the previous 7 percent, in line with international trends.
Turnover expanded to NT$135.17 billion (US$4.35 billion) from the previous session’s NT$100.93 billion, according to the Taiwan Stock Exchange’s data. [FULL STORY]