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Taiwan: Stocks slip on profit-booking; HTC slides on weak sales data

Tuesday, February 7, 2017 - 10:41

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[TAIPEI] Taiwan stocks fell on Tuesday tracking regional bourses as investors locked in profits from recent gains, with smartphone manufacturer HTC Corp trading lower on weak January sales data.

As of 0147 GMT, the main TAIEX index was down 0.1 per cent at 9,531.01. In the previous session, the index hit 9,546, highest since early June 2015.

The electronics subindex dipped as much as 0.1 per cent, while the financials subindex remained unchanged.

HTC slipped nearly 3 per cent after reporting a year-on-year fall in January sales.

The Taiwan dollar softened NT$0.057 to NT$31.000 per US dollar.

REUTERS

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