Taiwan: Stocks slightly weaker on uncertain outlook

[TAIPEI] Taiwan stocks were slightly easier, with sentiment downbeat after falls on Wall Street overnight and amid volatile trading in regional markets on Wednesday.

As of 0234 GMT, the main TAIEX index fell 0.1 per cent, to 8,570.59 points, after closing up 0.5 per cent in the previous session.

The electronics subindex stayed flat, while the financials subindex lost 0.1 per cent.

Among active counters, shares in memory chipmaker Inotera Memories fell more than 2 per cent after hitting limit down 10 per cent in the two previous sessions, on uncertainty when Micron Technology will complete a deal to buy the remaining stake in Inotera from its Taiwanese partner.

Earlier this month, Micron, which currently holds a 33 per cent stake in Inotera, said it would not be able to complete the acquisition as expected in mid-July.

The Taiwan dollar softened TW$0.057 to TW$32.480 per US dollar.

REUTERS