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Taiwan: Stocks edge down on weak US job growth data; banks fall

Saturday, June 4, 2016 - 11:12
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[TAIPEI] Taiwan stocks fell on Saturday, tracking Wall Street lower on weak US job growth data, paced by slides in banks and tech heavyweights.

As of 0243 GMT, the main Taiex index slipped to 8,582 points, after closing at 8,587.36 points in the previous session.

Taiwan's financial market are open Saturday to make up trading for the Dragon Boat holiday next week.

The electronics subindex sank 0.1 per cent, while the financials subindex lost 0.4 per cent.

The Taiwan dollar firmed T$0.13 to T$32.475 per US dollar.

US and European shares, the dollar, oil and bond yields all dived on Friday after data showed the slowest pace of US job growth in more than five years, dashing expectations that the Federal Reserve could raise interest rates in June.

REUTERS