Taiwan: Stocks slip; Apple supplier Largan falls

[TAIPEI] Taiwan stocks fell 0.3 per cent on Thursday, weighed down by Largan Precision amid local media reports that the key supplier of Apple Inc released lower-than-expected July sales results and cut its outlook for August.

As of 0123 GMT, the main TAIEX index fell 0.2 per cent, to 8,523.32, after closing at 8,542.27 in the previous session.

Mr Largan, which makes camera lenses modules for Apple, dropped 7 per cent, sending the electronics index down 0.5 per cent.

TPK Holding Co Ltd, another supplier of Apple, fell about 3 per cent.

The Taiwan dollar firmed T$0.076 to T$31.674 per US dollar.

REUTERS