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Taiwan: Stocks flat; TSMC drags after Q3 earnings

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Taiwan stocks traded flat on Friday, with TSMC falling after the top contract chip maker's earnings declined in the third-quarter and the company cut 2015 full-year capital expenditure.

[TAIPEI] Taiwan stocks traded flat on Friday, with TSMC falling after the top contract chip maker's earnings declined in the third-quarter and the company cut 2015 full-year capital expenditure.

As of 0119 GMT, the main TAIEX index was nearly unchanged at 8,598.09, trailing other regional bourses.

The index closed up 0.9 per cent at 8,601.52 in the previous session.

The electronics subindex fell 0.3 per cent, while the financials subindex gained 0.6 per cent.

The Taiwan dollar firmed TW$0.19 to TW$32.267 per US dollar.

REUTERS