Taiwan: Stocks hit near 2-week low; TSMC drops
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%