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Taiwan: Stocks retreat from 3-week high; techs, banks down

taiwan stocksphotoAFP.jpg

[TAIPEI] Taiwan stocks pulled back from the previous session's three-week high on Tuesday, tracking falls in other regional bourses, weighed by financial and technology heavyweights.

As of 0207 GMT, the main TAIEX index was down 0.2 per cent at 8,326.91 points. The electronics subindex and the financial subindex lost 0.4 per cent each.

The main index ended at 8,344.44 points in the previous session, its highest close since late April.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, was off 1.3 per cent.

Hon Hai Precision Industry, the world's biggest electronics component maker, shed 0.5 per cent.

The Taiwan dollar softened TW$0.014 to TW$32.670 per US dollar.


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