Business News
Taiwan stocks dip 2.27 per cent on weak sentiment
Jun 23, 2009, 9:54 GMT
Taipei - Taiwan's stocks dipped 2.27 per cent Tuesday as sentiment was dampened by reports of record unemployment and a sharp fall on Wall Street overnight, dealers said.
The TAIEX index opened lower and continued its downward trend to close at 6,197.47, down 143.74 points or 2.27 per cent from Monday's trade.
All three major institutional investors sold strongly amid a government report that the island's jobless rate rose to 5.82 per cent in May - the highest since the government began to keep records of unemployment conditions on the island in 1978.
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