Taiwan stocks extend losses

Dhaka,  Wed,  26 October 2016
Published : 17 Oct 2016, 13:28:52

Taiwan stocks extend losses

Taiwan stocks extend losses
Taiwan stocks slipped on Monday on continued selling by foreign investors, and weighed down by heavyweights such as Taiwan Semiconductor Manufacturing Co.

As of 0342 GMT, the main TAIEX index dropped 0.01 per cent to 9,163.21, after closing down 0.6 per cent in the previous session.

The electronics subindex climbed as much as 0.3 per cent, while the financials subindex fell as much as 0.5 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chipmaker and one of foreign investors' most-traded shares this year, was off nearly 1.0 per cent. 

Foreign investors posted a net sell of Taiwan stocks on Friday.

The Taiwan dollar softened T$0.123 to T$31.795 per US dollar, according to Reuters.

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