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Taiwan: Stocks flat after eight straight sessions of gains

[TAIPEI] Taiwan stocks traded flat on Thursday, pausing after an eight-session winning streak as overseas markets slipped tracking a subdued Wall Street.

As of 0452 GMT, the main Taiex index was unchanged at 9,958.39, after closing up 0.1 per cent on Wednesday, its eighth straight session of gains.

The electronics subindex rose as much as 0.4 per cent, while the financials subindex remained unchanged.

Among actively traded shares, display manufacturer Innolux gained as much as 3.2 per cent, but electronics maker Inventec slipped up to 0.6 per cent.

The next set of economic data could fuel bullishness to push the index to the key 10,000 mark. Exports data for April are due on Monday and they are expected to rise for the seventh month, a Reuters poll showed. Inflation data due on Friday should remain mild, the poll showed.

The Taiwan dollar softened NT$0.027 to NT$30.099 per US dollar.


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