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TAIEX feels the pressure ahead of ECB's meeting

TAIPEI -- The local bourse came under pressure and closed in negative territory yesterday amid cautious sentiment ahead of a policymaking meeting scheduled by the European Central Bank (ECB) for later in the day, dealers said.

Concerns over the global economy kept weighing on share prices in the local market to prevent the index from recovering by the end of the session from a slump seen a day earlier, they said.

The weighted index closed down 40.72 points, or 0.55 percent, at 7,326.72, after moving between 7,313.56 and 7,390.76, on turnover of NT$74.62 billion.

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