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Taiwan: Stocks flat ahead of holidays; TSMC dips

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[TAIPEI] Taiwan stocks stayed flat on Friday in cautious trading ahead of a long weekend holiday, dampened by falls in tech heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC).

As of 0150 GMT, the main Taiex index was unchanged at 10,112.38 point after closing higher in the prior four sessions. It has ended above the 10,000 point milestone, a 17-year high, earlier this month.

Taiwan's markets will be closed on Monday and Tuesday for the Dragon Boat festival holidays.

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

TSMC, the world's top contract chip maker and a key supply of Apple Inc, was off 0.5 per cent.

The Taiwan dollar softened NT$0.003 to NT$30.087 per US dollar.


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