Taiwan: Stocks flat; construction, energy decline

[TAIPEI] Taiwan stocks were flat on Monday, slightly better than most regional bourses, after the Greek election threw the future of Europe's austerity policies into question.

As of 0146 GMT, the main TAIEX index fell 4 points to 9467.73, after closing up 1 per cent on Friday.

A leftist anti-austerity party won Greek elections Sunday, injecting uncertainty into the direction of the world's largest economic bloc.

Taiwan electronics stocks were up 0.12 per cent but semiconductors fell 0.14 per cent and construction ones by 0.6 per cent.

Oil, gas and electricity companies dropped 1 per cent, though transportation, a long-term beneficiary of sustained low oil prices, climbed 1 per cent.

The Taiwan dollar was up T$0.187 to stand at T$31.245 to the US dollar.

REUTERS