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Taiwan: Stocks flat to weaker with regional markets

Wednesday, May 31, 2017 - 10:07

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[TAIPEI] Taiwan stocks were flat to weaker on Wednesday on caution with regional markets after a long holiday with losses in big-cap technology stocks countering early buying.

The main Taiex index fell 0.1 per cent to 10,096.67 as of 0142 GMT, after rising 0.1 per cent to an early high of 10,116.13. The index has been testing 17-year highs above the 10,000 mark in recent sessions.

It closed down 0.1 per cent on Friday. Taiwan's financial markets were shut Monday and Tuesday for a public holiday.

The electronics subindex slipped 0.1 per cent, while the financials subindex lost 0.5 per cent.

Big-capped tech shares TSMC and Hon Hai Precision were down a respective 0.5 per cent and one per cent.

However, container shipping firm Evergreen Marine was up 1.4 per cent and display maker Innolux was up 0.4 per cent.

The Taiwan dollar firmed NT$0.016 to NT$30.106 per US dollar.

REUTERS

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