Taiwan: Stocks fall; airlines gain on oil price fall
[TAIPEI]Taiwan stocks fell 0.3 per cent on Wednesday, but transportation shares gained on investor expectations recent oil price falls would lower their costs.
The main TAIEX index slipped to 9,687.00 as of 0130 GMT, reversing a 1.15 per cent rally on Tuesday.
Among the decliners, TSMC, the world's top contract chip maker, slipped 0.3 per cent. AU Optronics , the world's No.4 flat panel maker, shed 0.3 per cent.
However, China Airlines and EVA Airways gained about 2 per cent each. They are Taiwan's top two airlines.
The Taiwan dollar was up by T$0.124 at T$30.516 to the US dollar.
REUTERS
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
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data