Taiwan: Stocks fall on Wall Street slides; TSMC inches up

[TAIPEI] Taiwan stocks fell 0.4 per cent on Wednesday following Wall Street's sharp declines, with tech heavyweights TSMC and Hon Hai Precision trading mixed after the companies posted February sales results.

The main TAIEX index fell to 9,501.69 as of 0130 GMT, extending the 0.3 per cent drop in the prior session.

Electronics shares slipped 0.2 per cent. TSMC, the world's top contract chipmaker, was up 0.4 per cent and Apple Inc supplier Hon Hai was down 0.1 per cent.

TSMC said on Tuesday its February sales jumped 33.8 per cent year-on-year, while Hon Hai disclosed a 7.4 per cent rise in February sales.

The Taiwan dollar weakened by 0.044 per cent to stand at T$31.597 to the US dollar.

REUTERS