Taiwan stocks drag down

Dhaka,  Wed,  07 December 2016
Published : 14 Oct 2016, 12:35:12

Taiwan stocks drag down on profit-taking

Taiwan stocks drag down
Taiwan shares fell on Friday, dragged down by technology stocks including Taiwan Semiconductor Manufacturing Co Ltd (TSMC), as investors booked profits after the chipmaker reported earnings. 

As of 0232 GMT, the main TAIEX index fell 0.4 per cent to 9,183.38 points, after closing down 0.4 per cent in the previous session.

TSMC shares were off 0.3 per cent mainly on profit-taking as the shares had risen about 30 per cent since May.

The world's largest contract chipmaker, which supplies chips used in Apple Inc's iPhone 7, raised its revenue forecast for this year after reporting quarterly records in net profit and revenue for the third quarter. 

The electronics subindex sank 0.5 per cent, while the financials subindex lost 0.1 per cent.

The Taiwan dollar firmed T$0.08 to T$31.680 per US dollar, according to Reuters.

-SRS-
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2016. All rights reserved
Powered by : orangebdlogo
close