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Taiwan: Stocks fall in line with overseas markets; tech, transport sink


[TAIPEI] Taiwan stocks fell on Monday as technology and transport shares tumbled in the aftermath of the terror attacks in Paris and news that Japan relapsed into recession.

Japan and Europe are among key markets for the export-oriented island economy and its signature technology goods.

Shares in heavyweight TSMC, the world's largest contract chipmaker, fell 0.7 per cent, while shares in China Airlines, the island's flagship airline, slumped nearly 5 per cent.

As of 0214 GMT, the main TAIEX index fell 0.6 per cent, to 8,283.07, after closing down 1.2 per cent in the previous session.

The electronics subindex sank 0.4 per cent, while the financials subindex lost 0.7 per cent.

The transport subindex shed 3 per cent and the construction subindex was 1.7 per cent lower.

The Taiwan dollar firmed TW$0.113 to TW$32.795 per US dollar.