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Taiwan: Stocks edge down on profit-taking

Friday, March 3, 2017 - 10:03

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[TAIPEI] Taiwan stocks fell on Friday, tracking broader Asia, as investors booked profits ahead of the weekend.

The main TAIEX index fell 0.3 per cent to 9,658.61 points as of 0127 GMT, after closing up 0.2 per cent in the previous session.

The electronics subindex fell 0.4 per cent, while the financial subindex was largely flat.

Among actively traded shares, the world's largest contract electronics maker Hon Hai Precision Industry dropped 0.2 per cent.

The Taiwan dollar softened NT$0.123 against the US dollar to NT$30.918, as the greenback held steady on growing expectations that the US Federal Reserve could raise interest rates as early as at its meeting this month.

REUTERS

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