Taiwan: Stocks fall in line with overseas markets; display makers down

[TAIPEI] Taiwan stocks fell on Friday after hitting a more than one-year high in the previous session, tracking losses in overseas markets.

The main Taiex index was down 0.4 per cent at 9,019.87 as of 0133 GMT, after closing 0.5 per cent higher in the previous session.

The electronics subindex sank 0.5 per cent, while the financials subindex lost 0.6 per cent.

Among actively traded stocks, display makers Innolux Corp was off 0.8 per cent and AU Optronics Corp retreated 2.4 per cent.

Taiwan's export orders from China, in data issued earlier this week, showed slippage in June, hurt by weaker demand for displays.

The Taiwan dollar softened NT$0.019 to NT$32.079 per US dollar.

REUTERS