Taiwan: Stocks head for second session of falls; TSMC dips

[TAIPEI] Taiwan stocks fell for a second straight session on Thursday in cautious trading, paced by declines in banks and technology heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC).

The main Taiex index was down 0.3 per cent at 9,247.97 as of 0305 GMT after closing 0.2 per cent lower at 9,272.28 in the previous session.

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

TSMC, the world's top contract chipmaker, was off 0.3 per cent. Its shares have jumped nearly 30 per cent so far this year, bolstered in part by foreign buying.

The Taiwan dollar softened NT$0.005 to NT$31.376 per US dollar.

REUTERS