By Tim Culpan
Sept. 17 (Bloomberg) -- Taiwan brokerages' customers defaulted on NT$489 million ($15 million) of securities transactions yesterday, the Taiwan Stock Exchange said.
The statement on the exchange's Web site last night gave no further details. The defaults equal 0.6 percent of yesterday's NT$82.8 billion in trading value, excluding block trades, according to Bloomberg's calculations based on exchange data.
The benchmark Taiex Index fell 8.8 percent in the past two days to 5,756.59 points at yesterday's close, the lowest since Oct. 28, 2005.
To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net
Wednesday, September 17, 2008
Taiwan Had NT$489 Million in Stock Defaults Yesterday
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment