The Taiwan stock market is expected to face continued selling pressure on Thursday after three straight sessions of losses totaling more than 670 points. The Taiwan Stock Exchange closed slightly lower on Wednesday, easing 11.49 points or 0.04 percent to 27,525.17, with mixed performances across sectors. The negative lead from Wall Street, where the NASDAQ plunged 1.81 percent and the Philadelphia Semiconductor Index dropped 3.8 percent, is weighing on sentiment. Meanwhile, Taiwan's central bank is set to announce its interest rate decision later today, with expectations it will keep the benchmark lending rate steady at 2.00 percent.
Central bank expected to keep rates steady, no change in monetary policy; negative lead from Wall Street and tech selloff weigh on Taiwan dollar sentiment.