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Taiwan: Stocks fall on Europe uncertainties

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[TAIPEI] Taiwan stocks fell on Monday in line with regional bourses on risk aversion from emerging markets after the Italian government suffered a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone's third-largest economy into political turmoil.

The main TAIEX index fell 0.1 per cent to 9,183.77 as of 0401 GMT, after closing down 0.8 per cent in the previous session.

The electronics subindex rose 0.1 per cent, while the financials subindex was unchanged.

The electronics sector was getting its boost from the 0.7 per cent gain in contract chipmaker TSMC, a big-capped share, on some bargain hunting after it slid 2.7 per cent in the previous session.

The Taiwan dollar softened NT$0.051 to NT$31.974 per US dollar.


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