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Taiwan: Stocks retreat from nearly 4-month high; TSMC down

Wednesday, July 13, 2016 - 13:37

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[TAIPEI] Taiwan stocks fell on Wednesday as investors took profit after stocks hit a nearly four-month high in the previous session, with tech heavyweights such as TSMC leading the fall.

As of 0447 GMT, the main TAIEX index was down 0.04 per cent at 8,837.89 points. It ended at 8,841.46 points in the previous session.

The electronics subindex sank 0.4 per cent, with Taiwan Semiconductor Manufacturing Co (TSMC) down 1.8 per cent. TSMC is the world's top contract chip maker.

The Taiwan dollar firmed TW$0.04 to TW$32.180 per US dollar.


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