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Taiwan: Stocks hit near 2-week low; TSMC drops

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[TAIPEI] Taiwan stocks dropped to a near two-week low on Monday, dragged down by heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC), and as declines in broader Asia dampened sentiment.

As of 0217 GMT, the main Taiex index fell as much as 0.75 per cent to 9,237.76. Earlier in the session, it touched a low of 9,194.48, lowest since Oct 18.

The electronics subindex slipped as much as 0.8 per cent, while the financials subindex lost as much as 0.8 per cent.

TSMC, the world's top contract chip maker, shed as much as 1.1 per cent.

The Taiwan dollar softened NT$0.015 to NT$31.654 per US dollar.


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