LITTLE IMPACT?FSC Chairman William Tseng sought to reassure investors by saying that local banks, insurers and mutual fund houses have little exposure to Greece
Date: Jun 30, 2015
By: Crystal Hsu / Staff reporter
The TAIEX tumbled 2.39 percent, or 221.47 points, to 9,236.1 yesterday, as jitters over
Greece’s debt problem swept the local bourse, dragging down prices across the board.
The weighted index fell by the fastest pace this year to close below its annual moving average and could head further south after Athens imposed capital controls and called for a referendum on Sunday.
Turnover was active at NT$93.33 billion (US$2.99 billion), but remained below NT$100 billion, suggesting more selling pressure may have to be digested, analysts said. [FULL STORY]