Taipei - Taiwan's stocks closed 2.72 per cent lower amid a bearish sentiment triggered by Wall Street's sharp overnight losses as well as a dismal global and local economic outlook, dealers said.
The TAIEX index opened nearly 4 per cent lower in response to the overnight fall of Wall Street. Government funds moved by mid-morning to buy strongly, helping to somewhat ease the slide.
The index closed at 4730.51 points, a drop of 132.08 points or 2.72 per cent.
Washington - Wall Street indices tumbled again Wednesday as US investors reacted to a series of depressing earnings reports that offered more signs of a sharp economic downturn in the United States and abroad.
The Standard & Poor's 500 dropped 6.1 per cent and hit its lowest level since April 2003. That followed market slides in Asia and Europe, where the blue-chip Stoxx 50 index dropped 5 per cent in late trading as concerns set in about the outlook for the global economy and profits.
Washington - Wall Street indices continued their decline in midday trading Wednesday, adding to the gloomy mood on European markets as US investors reacted to depressed earnings reports.
Wall Street opened down 2.5 per cent and stocks slid in Asia, Europe's blue-chip Stoxx 50 index dropped 5 per cent to 2235 in late trading as concerns set in about the outlook for the global economy and profits.
Taipei - Taiwan's stocks closed 2.72 per cent lower amid a bearish sentiment triggered by Wall Street's sharp overnight losses as well as a dismal global and local economic outlook, dealers said.
Sydney - Investors sold Australian stocks at the opening bell
Washington - Wall Street indices tumbled again Wednesday as US investors reacted to a series of depressing earnings reports that offered more signs of a sharp economic downturn in the United States and abroad.
Washington - Wall Street indices continued their decline in midday trading Wednesday, adding to the gloomy mood on European markets as US investors reacted to depressed earnings reports.
