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Taiwan: Stocks fall; TSMC, Hon Hai down on sales results

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[TAIPEI] Taiwan stocks fell on Monday, dragged by heavyweights such as Taiwan Semiconductor Manufacturing Co and Hon Hai Precision after the companies reported sales results.

As of 1:17 GMT, the main TAIEX index was down 0.7 per cent at 8,485.33, after closing at 8,541.5 in the previous session.

The electronics subindex sank 0.6 per cent, while the financials subindex lost 0.9 per cent.

Shares of TSMC fell one per cent after the world's top contract chip maker reported its March and first-quarter sales on Friday.

Hon Hai, the world's biggest electronics component maker, shed 1.1 per cent after releasing March sales.

The Taiwan dollar firmed T$0.001 to T$32.449 per US dollar.

REUTERS

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