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Taiwan stocks fall; TSMC edges down ahead of results

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[TAIPEI] Taiwan stocks fell along with other regional bourses on Wednesday as investors favoured safe-haven assets in response to geopolitical tensions, with heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC) down ahead of quarterly results.

The main TAIEX index fell 0.4 per cent to 9,793.12 points as of 0141 GMT, after closing at 9,832.42 points.

The electronics subindex dropped 0.4 per cent, while the financials subindex lost 0.2 per cent.

TSMC, the world's top contract chipmaker and an Apple Inc supplier, fell 0.5 per cent.

The company is set to report its first-quarter results on Thursday. Analysts have been concerned that the local currency's appreciation against the US dollar could weigh on its earnings.

The Taiwan dollar firmed T$0.008 to T$30.642 per US dollar on Wednesday.

REUTERS

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