Taiwan: Stocks fall tracking regional peers; ease from multi-year highs
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TAIPEI] Taiwan stocks fell on Tuesday as investors took profits a day after the index touched fresh multi-year highs, with caution in line with overseas markets and a pullback in heavily-weighted contract chipmaker TSMC driving losses.
As of 0238 GMT, the main Taiex index fell 0.3 per cent to 10,195.43 points.
The index closed 0.7 per cent higher at 10,226.84 on Monday, its highest settlement in 27 years, but still below an intraday high of around 10,393 posted in February 2000.
The electronics subindex fell 0.3 per cent, while the financials subindex lost 0.5 percent.
TSMC, the world's largest contract chipmaker, was down 0.7 per cent at NT$210.50, off its record high of NT$212.00 hit in the previous session.
The Taiwan dollar firmed NT$0.039 to NT$30.051 per US dollar.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
