You are here

Taiwan: Stocks hit near 2-week low; TSMC drops

Monday, October 31, 2016 - 10:42

15703802 - 14_04_2010.jpg

[TAIPEI] Taiwan stocks dropped to a near two-week low on Monday, dragged down by heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC), and as declines in broader Asia dampened sentiment.

As of 0217 GMT, the main Taiex index fell as much as 0.75 per cent to 9,237.76. Earlier in the session, it touched a low of 9,194.48, lowest since Oct 18.

The electronics subindex slipped as much as 0.8 per cent, while the financials subindex lost as much as 0.8 per cent.

TSMC, the world's top contract chip maker, shed as much as 1.1 per cent.

The Taiwan dollar softened NT$0.015 to NT$31.654 per US dollar.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom