Taiwan stocks at two-week closing low

Posted by 7Star Thursday, January 14, 2010

Taiwan stocks ended down 1.36 percent at a two-week closing low on Wednesday, with banking shares such as Cathay Financial slipping after China moved to tighten its monetary conditions. China took its strongest step towards tightening monetary policy on Tuesday as the world's third-largest economy roars ahead, surprising investors with an increase in banks' required reserves that rocked global financial markets.

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