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Reading: Taiwan shares reverse earlier upturn ahead of Fed meeting
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Econo Asia™ > Blog > News > Markets > Taiwan Stock Exchange (TWSE) > Taiwan shares reverse earlier upturn ahead of Fed meeting
Taiwan Stock Exchange (TWSE)

Taiwan shares reverse earlier upturn ahead of Fed meeting

NEWSROOM
Last updated: April 30, 2024 4:50 pm
By NEWSROOM
1 Min Read
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Taipei, April 30 (CNA) Shares in Taiwan closed down almost 100 points below the 20,400-point mark Tuesday, reversing earlier gains amid caution ahead of a policymaking meeting scheduled by the U.S. Federal Reserve to open later in the day, dealers said.

The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 98.92 points, or 0.48 percent, at the day’s low of 20,396.60 after coming off a high of 20,559.97. Turnover totaled NT$357.59 billion (US$10.97 billion).

The market opened up 12.96 points and buying continued as the bellwether electronics sector moved ahead in the wake of a 0.35 percent increase on the tech-heavy…



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