Taiwan shares posted gains following concerns over a possible increase...

Taiwan shares posted gains following concerns over a possible increase in US interest rates that had dampened investor confidence in the Asian-Pacific markets the previous day. The gains in the US markets, combined with the passage of a 500 billion New Taiwan dollar stock stability fund, boosted investor confidence and led to a 1.9% rise in Taiwan shares. The rise in Taiwan shares is a positive sign for the Asian-Pacific markets, which had been experiencing mixed results due to concerns over a possible interest rate hike in the US. The US Federal Reserve had been considering raising interest rates in response to a strong economy and low unemployment, which could have a negative impact on markets that are heavily reliant on US investment and trade.

Friday, 14 January, 2000