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Taiwan: Stocks fall on profit-taking; tech heavyweights down

Monday, December 12, 2016 - 11:29

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[TAIPEI] Taiwan stocks fell on Monday, pulled down by technology heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC) and Hon Hai Precision Industry, while investors locked in profits from recent gains.

As of 0250 GMT, the main Taiex index was down 0.2 per cent at 9,365.09 points.

Last week the main index ended up about 2 per cent bolstered by foreign buying.

The electronics subindex slipped as much 0.2 per cent while the financials subindex gained up to 0.1 per cent.

TSMC, the world's leading contract chipmaker, dipped as much as 0.3 per cent. The company reported November sales on Friday.

Hon Hai, a major Apple Inc supplier, dropped as much as 1.5 per cent.

The Taiwan dollar softened NT$0.019 to NT$31.879 per US dollar.

REUTERS

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