Taiwan stocks fall

30 Jan, 2015

Taiwan stocks fell 0.7 percent on Thursday, in line with regional and global bourses as investors digested signals from the US Federal Reserve on when it would raise interest rates. As of 0225 GMT, the main TAIEX index was lower 61.73 points at 9,444.19, after closing down 0.11 percent on Wednesday.
The US central bank offered an upbeat assessment of the domestic economy but was more hawkish on interest rates than market watchers had expected. Taiwan's main subindexes all faltered. The electronics subindex was down 0.92 percent, led by semiconductors which dropped 1.32 percent. Banks and insurance holdings shed 0.53 percent, while autos fell 1.05 percent.

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