Taiwan: Stocks down near 3-month lows on overseas market weakness
[TAIPEI] Taiwan stocks fell on Friday and were trading near three-month lows on weakness in overseas markets.
Asian shares were soft as investors braced for the US April payrolls report after jobless claims data out earlier raised doubts over the seemingly rosy employment picture.
As of 0340 GMT, the main TAIEX index was down 0.4 per cent to 8,133.56 points. It closed down by 0.2 per cent in the previous session in a six-session losing streak to a low not seen since mid-February.
The electronics subindex sank 0.4 per cent, while the financials subindex lost 1.3 per cent.
Taiwan's economic outlook is cloudy as it readies to issue April exports data on Monday, which is expected to show a 15th straight month of contraction, a Reuters poll found.
The Taiwan dollar softened T$0.017 to T$32.394 per US dollar.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Europe: Industrials boost Stoxx 600 as earnings season rolls in
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs