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Taiwan: Stocks fall as ETFs track mainland declines
[TAIPEI] Taiwan stocks fell on Friday as exchange-traded funds targeting China shares dropped on the back of selling in mainland bourses, but TSMC and other tech heavyweights defied the broader decline.
As of 0138 GMT, the main TAIEX index fell 0.1 per cent, to 8,205.66 points, after closing at 8,216.17 points in the previous session.
The electronics subindex rose 0.1 per cent, while the financials subindex lost 0.7 per cent.
ETFs were among the most active stocks in Taiwan with Yuanta Daily CSI 300 Bull 2X ETF down 2.9 per cent and Fubon SSE180 Leveraged 2X Index ETF falling 3 per cent.
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's top contract chip maker, edged up 0.5 per cent. Hon Hai Precision, the world's top electronics components maker, jumped 0.6 per cent.
They posted their November sales results on Thursday.
The Taiwan dollar firmed TW$0.205 to TW$32.810 per US dollar.