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Taiwan Shares Expected To Open In The Red

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The Taiwan stock market has moved lower in back-to-back sessions, sinking almost 300 points or 0.9 percent along the way. The Taiwan Stock Exchange now sits just beneath the 33,550-point plateau and it may take further damage on Monday.

The global forecast for the Asian markets is weak on soaring crude oil prices and pessimism over the outlook for interest rates. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.

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