Taiwan: Stocks extend fall before April export data
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TAIPEI] Taiwan stocks fell in cautious sentiment on Monday ahead of the release of April export data, which is expected to have contracted for the 15th straight month year on year due to weak global demand.
As of 0139 GMT, the main TAIEX index was down 0.1 per cent at 8,136.97 points. On Friday, it ended at 8,146.43 points, a level not seen in nearly three months.
The electronics subindex rose 0.1 per cent, while the financials subindex lost 0.2 per cent.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, slipped 0.7 per cent. TSMC is set to post its April sales result on Tuesday.
The Taiwan dollar firmed TW$0.019 to TW$32.393 per US dollar.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
