Taiwan: Stocks fall, weighed by China market losses

[TAIPEI] Taiwan shares fell on Monday as Chinese markets extended their losing streak after sliding more than 5 per cent in the previous session.

As of 0306 GMT, the main TAIEX index fell 1.6 per cent to 8,264.55, after closing at 8,398.4 in the previous session.

The electronics subindex sank 1.3 per cent, while the financials subindex lost 2.0 per cent.

China's Shanghai Composite Index was off 1.2 per cent.

Taiwan's export-driven economy has been hit hard by a slowdown in mainland China and other global markets.

The Taiwan dollar firmed T$0.136 to T$32.679 per U.S. dollar.

REUTERS