Tue, Nov 23, 2004 - Page 11 News List

TAIEX tumbles on tech sell-off on forex concerns

AP , TAIPEI

Shares tumbled yesterday after investors sold off technology shares, and amid fears that a strong NT dollar may hurt exporters.

The TAIEX finished down 188.13 points, or 3.1 percent, at 5,838.42 in dealings valued at NT$68 billion (US$2.1 billion).

Decliners outnumbered the advancers 615 to 73, while 83 issues ended the trading day unchanged.

Investors took their cues from a technology-led sell-off on Wall Street.

On Friday the Dow Jones industrial average fell 1.1 percent and the NASDAQ Composite Index dropped 1.6 percent.

This story has been viewed 2815 times.
TOP top