The Fed on Wednesday announced an interest rate hike of 0.75 percentage points. That makes a total rise of 1.75 percentage points this year alone, with another 0.5-percentage-point rise expected in August. Taiwan’s central bank says it won’t necessarily follow suit, as it has different considerations for it monetary policy.
The U.S.’ four major indexes all surged on Wednesday on the announcement, but the effects on Taiwan’s market did not last long. The Taiex opened up 110 points, surpassing the 15,000-point mark. But with Kinsus Interconnect Technology, Nan Ya Printed Circuit Board and Unimicron closing almost limit-down, the Taiex ended closing down 29 points at 14,891.