You are here

Taiwan: Stocks fall; Apple suppliers down ahead of iPhone maker's results

37838615 - 22_03_2016 - CHINA-STOCKS.jpg

[TAIWAN] Taiwan stocks fell on Monday, tracking other regional bourses lower, with Apple Inc's suppliers in the spotlight ahead of the iPhone maker's earnings results later this week.

As of 0110 GMT, the main TAIEX index fell 0.1 per cent, to 8,523.40, after closing at 8,535.75 in the previous session.

The electronics subindex sank 0.2 per cent, while the financials subindex lost 0.1 per cent.

Among the companies that make components for Apple, Largan Precision shed 3 per cent and Taiwan Semiconductor Manufacturing Co (TSMC) was off 0.3 per cent.

Apple will report its second-quarter results on April 26.

The Taiwan dollar softened T$0.075 to T$32.405 per US dollar.

Asian shares and the US dollar edged lower on Monday as investors awaited central bank meetings in the United States and Japan this week that are expected to hold clues to future policy moves.

REUTERS