Reuters logo
Taiwan stocks rebound; textile, techs up
February 6, 2014 / 2:00 AM / 4 years ago

Taiwan stocks rebound; textile, techs up

TAIPEI, Feb 6 (Reuters) - Taiwan stocks rebounded 0.5
percent along with most regional bourses on Thursday, but some
analysts cautioned further selloff in global markets may be
ahead as foreign investors continue to dump risky assets. 
    As of 0145 GMT, the main TAIEX index had climbed
43.17 points to 8,307.65, in a rebound from its lowest close in
more than two months on Wednesday. 
    Among the biggest winners, electronics stocks added
0.7 percent and textile makers surged 2 percent.
    "Global markets still look unstable after the massive
selloff in the past few days," said Ryan Shen, a fund manager of
Capital Investment Trust in Taipei. "Blue chips probably have
further downside to go."
    Foreign investors sold a net T$44.388 billion ($1.47
billion) worth of Taiwan stocks on Wednesday, marking their
fourth-biggest such selling. 
    The Taiwan dollar rose 0.51 percent to stand at
T$30.264 to the U.S. dollar.

 (Reporting by Faith Hung; Editing by Anand Basu)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below