You are here
Taiwan: Stocks fall as Apple suppliers weigh
[TAIPEI] Taiwan stocks fell on Wednesday tracking other regional bourses lower, pressured by major suppliers of Apple Inc after the iPhone maker reported its first-ever decline in iPhone sales and first revenue drop in over a decade.
As of 0123 GMT, the main TAIEX index fell 0.2 per cent, to 8,561.01, after closing at 8,581.57 in the previous session.
The electronics subindex fell 0.5 per cent, while the financials subindex lost 0.3 per cent.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, shed 0.6 per cent.
Hon Hai Precision, which assembles iPhones and is the world's biggest electronics components maker, edged down 0.4 per cent.
The Taiwan dollar firmed TW$0.062 to TW$32.301 per US dollar.