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Friday, September 12, 2014
Outward remittances from foreign institutional investors (FINIs) in August reveal signs of continued stagnation, weighing on already fragile market sentiment, although local financial regulators continued downplaying the importance of FINIs on Thursday.
Third quarter investor confidence in Taiwan was pegged at 105.3, representing the third consecutive quarter to have an index above the 100 optimism mark, according to a report released by J.P. Morgan on Wednesday.
Taiwan shares closed down 34.66 points, or 0.37 percent at 9,322.95, while the U.S. dollar rose gaining NT$0.035 to close at NT$30.060 in Taipei on Thursday. Turnover totaled US$729 million during the trading session.
Hotai Motor Co. (和泰汽車), the local agent of Japan's Toyota Motor Corp., introduced its new Yaris model in Taiwan Wednesday, eyeing higher sales in a warming local car market.
The global economy will see only modest growth this year, the U.N. said Wednesday, calling for wage hikes to boost the demand and investment needed to move towards true recovery.
Asian stocks erased gains and European markets were lower Thursday as investors tried to second guess the U.S. Federal Reserve's thinking on the timing of an interest rate hike. Japanese stocks rose as the yen resumed its fall against the U.S. dollar.
The dollar soared to a fresh six-year high in Asia on Thursday, while the pound recovered on easing concerns about Scotland's independence vote and hints of a Bank of England rate hike.
Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as U.S. President Barack Obama vowed to destroy jihadist militants in Syria and Iraq.
Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as U.S. President Barack Obama vowed to destroy jihadist militants in Syria and Iraq.
Thursday, September 11, 2014
Global stocks sank Wednesday under the weight of worries about the possible timing of a U.S. rate hike and an impending referendum on Scottish independence.
  
  
  
  
  
  
  
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