Taiwan: Stocks extend losses on foreign selling; TSMC dips

[TAIPEI] Taiwan stocks fell on Monday on continued selling by foreign investors, and weighed down by heavyweights such as Taiwan Semiconductor Manufacturing Co.

As of 0342 GMT, the main Taiex index dropped 0.01 per cent to 9,163.21, after closing down 0.6 per cent in the previous session.

The electronics subindex climbed as much as 0.3 per cent, while the financials subindex fell as much as 0.5 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chipmaker and one of foreign investors'most-traded shares this year, was off nearly one per cent. Foreign investors posted a net sell of Taiwan stocks on Friday.

The Taiwan dollar softened NT$0.123 to NT$31.795 per US dollar.

REUTERS