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Taiwan: Stocks hit one-week low with overseas markets; techs drag

Friday, December 2, 2016 - 10:23

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[TAIPEI] Taiwan stocks fell to a one-week low on Friday, tracking overnight declines on the Wall Street and other regional bourses, pulled down by tech heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC).

As of 0154 GMT, the main Taiex index was down 1.05 per cent at 9,165.90 points, its lowest since Nov 25. In the previous session, the index closed higher at 9,263.53.

The electronics subindex dropped as much as 1.5 per cent, while the financials subindex lost up to 0.6 per cent.

TSMC, the world's biggest contract chip maker, lost as much as 2.7 per cent. Hon Hai Precision Industry, a key supplier to Apple Inc, slid as much as 1.3 per cent.

The Taiwan dollar softened NT$0.077 to NT$31.969 per US dollar.

REUTERS

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