Taiwan: Stocks weaker following overseas markets, on profit-taking

[TAIPEI] Taiwan stocks fell on Wednesday following cautious trading in overseas markets and on profit-taking after posting their biggest one-day gain in two weeks in the previous session.

As of 0144 GMT, the main TAIEX index was down 0.1 per cent at 8,409.32, after closing 1.5 per cent higher in the previous session, its biggest one-day gain in nine sessions.

The electronics subindex sank 0.2 per cent, while the financials subindex lost 0.1 per cent.

Among actively traded counters, Hon Hai Precision was flat to weaker after surging nearly 3 per cent on Tuesday on its solid third-quarter earnings.

The Taiwan dollar firmed TW$0.182 to TW$32.793 per US dollar.

REUTERS