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Taiwan: Stocks fall in line with regional peers

Wednesday, August 17, 2016 - 12:49
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[TAIPEI] Taiwan stocks fell in line with regional peers on Wednesday, paced by declines in technology heavyweights such as Hon Hai Precision Industry.

Asian shares pulled back from a one-year high and the dollar strengthened, after an influential Federal Reserve official said interest rates could rise as soon as September.

The main TAIEX index was down 0.1 per cent at 9,099.04 as of 0357 GMT, after closing 0.42 per cent lower in the previous session.

The electronics subindex was flat, while the financials subindex dropped 0.2 per cent.

Hon Hai, the world's top electronic components maker and a major assembler of iPhones, declined 1.2 per cent.

The Taiwan dollar softened NT$0.109 to NT$31.389 per US dollar.

REUTERS