Taiwan shares end down after Wall Street’s retreat

Taiwan News
Date: 2016-10-05
By: Frances Huang, Central News Agency

Shares in Taiwan closed lower Wednesday after Wall Street fell overnight amid renewed worries over a possible interest rate hike by the U.S. Federal Reserve, dealers said.

Bloomberg News reported Tuesday that the European Central Bank could soon wind down its quantitative easing policy, leading investors to turn cautious about the market’s liquidity and not chase prices after the gains seen the previous two sessions, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 15.49 points, or 0.17 percent, at 9,272.28, after moving between 9,244.41 and 9,276.13, on turnover of NT$60.02 billion (US$1.91 billion).

The market opened down 0.29 percent in reaction to weakness in U.S. markets overnight, including a 0.47 percent fall by the Dow Jones Industrial Average and a 0.50 percent drop in the S&P 500 index.     [FULL  STORY]

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