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Taiwan: Stocks fall on profit-taking

taiwan stocksphotoAFP.jpg

[TAIPEI] Taiwan stocks fell on Thursday as investors booked profit after recent gains while declines in overseas markets also weighed on sentiment.

The main TAIEX index was down 0.3 per cent at 8,573.49 as of 0426 GMT, after closing 0.7 per cent higher in the previous session.

The main index has risen around 6.8 per cent since mid-May lows. It closed at its highest level in six weeks on Wednesday.

The electronics subindex fell 0.4 per cent, while the financials subindex dropped 0.1 per cent.

Among actively traded stocks, display maker AU Optronics was down 1.1 per cent, while financial holding company CTBC Financial was off 0.3 per cent.

The Taiwan dollar firmed TW$0.012 to TW$32.610 per US dollar.