Taiwan: Stocks slip but heavyweight TSMC recoups early losses
[TAIPEI] Taiwan stocks slipped on Monday in their first trading session after the long Lunar New Year holidays, tracking gains in some regional bourses, with TSMC leading heavyweights higher.
As of 0214 GMT, the main TAIEX index was down 0.1 per cent at 8,047.97 points, erasing a 1.1 per cent slide at the opening.
Taiwan markets were closed Feb 4-12 for the New Year holidays.
Global markets saw stiff losses and extreme volatility during that period.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, jumped 0.3 per cent, recovering from a loss of nearly 3 per cent earlier in the session.
TSMC is set to report its monthly sales after the market close.
The electronics subindex rose 0.1 per cent, while the financials subindex lost 0.8 percent.
The Taiwan dollar firmed T$0.315 to T$33.205 per US dollar.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US dollar gains ground; subdued yen prompts Japan warning
Banks slip on Wednesday as STI falls 1.1%
Asia: Markets mixed as traders weigh rates outlook
SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground
Singapore shares dip at Wednesday’s open; STI down 0.4%
Stocks to watch: UOB, DBS, Olam, Far East Orchard, Daiwa House Logistics Trust, Manulife US Reit