Taiwan: Stocks down on profit-taking, tracking regional markets

[TAIPEI] Taiwan stocks fell slightly on Friday tracking declines in regional markets and as investors continued to lock in profits on recent rallies.

As of 0425 GMT, the main Taiex index was down 0.1 per cent, at 9,763.93. In the previous session, it closed down 0.3 per cent, and snapped a five-session winning streak that had sent the index to its highest since May 2015.

The electronics subindex climbed as much as 0.4 per cent, but the financials subindex slipped up to 0.5 per cent.

Taiwan's financial markets will be open on Saturday for a special trading session related to the government's holiday schedule for February.

Among actively traded shares, electronics manufacturer Hon Hai Precision Industry Co Ltd fell as much as 0.9 per cent.

The Taiwan dollar firmed NT$0.015 to NT$30.777 per US dollar.

REUTERS