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Taiwan: Stocks fall; airlines gain on oil price fall

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Taiwan stocks fell 0.3 per cent on Wednesday, but transportation shares gained on investor expectations recent oil price falls would lower their costs.

[TAIPEI]Taiwan stocks fell 0.3 per cent on Wednesday, but transportation shares gained on investor expectations recent oil price falls would lower their costs.

The main TAIEX index slipped to 9,687.00 as of 0130 GMT, reversing a 1.15 per cent rally on Tuesday.

Among the decliners, TSMC, the world's top contract chip maker, slipped 0.3 per cent. AU Optronics , the world's No.4 flat panel maker, shed 0.3 per cent.

However, China Airlines and EVA Airways gained about 2 per cent each. They are Taiwan's top two airlines.

The Taiwan dollar was up by T$0.124 at T$30.516 to the US dollar.

REUTERS

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