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Taiwan: Stocks fall; Hon Hai down

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Taiwan stocks extended losses to 2 per cent on Monday, tracking other regional bourses following slides on Wall Street Friday, with techs and financial blue-chips declining.

[TAIPEI] Taiwan stocks extended losses to 2 per cent on Monday, tracking other regional bourses following slides on Wall Street Friday, with techs and financial blue-chips declining.

As of 0127 GMT, the main TAIEX index fell 1.8 per cent to 8,311.15 after falling 2 pct briefly. It closed at 8,462.14 in the previous session, up 0.2 per cent.

The electronics subindex sank 1.8 per cent, while the financials subindex lost 2.1 per cent.

Hon Hai Precision was off 1.2 per cent. Hon Hai offered to buy Sharp Corp's struggling liquid panel display business and plans to seek funding from Apple Inc , the Nikkei business daily reported on Monday.

The Taiwan dollar firmed TW$0.234 to TW$32.429 per US dollar.

REUTERS

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