Taiwan: Stocks fall as Apple suppliers weigh
[TAIPEI] Taiwan stocks fell on Wednesday tracking other regional bourses lower, pressured by major suppliers of Apple Inc after the iPhone maker reported its first-ever decline in iPhone sales and first revenue drop in over a decade.
As of 0123 GMT, the main TAIEX index fell 0.2 per cent, to 8,561.01, after closing at 8,581.57 in the previous session.
The electronics subindex fell 0.5 per cent, while the financials subindex lost 0.3 per cent.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, shed 0.6 per cent.
Hon Hai Precision, which assembles iPhones and is the world's biggest electronics components maker, edged down 0.4 per cent.
The Taiwan dollar firmed TW$0.062 to TW$32.301 per 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
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
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard