Farglory Land Development led declines by Taiwan builders after the United Daily newspaper said the central bank asked the island’s state-owned lenders to curb loans used for property investment.

Central bank Governor Perng Fai Nan also requested executives at Bank of Taiwan, Land Bank of Taiwan and Taiwan Cooperative Bank to impose more stringent checks on borrowers, the newspaper said, without saying where it got its information from. Deputy Governor George Chou wasn’t immediately available at his office for comment.

bloomberg.com