Taiwan stocks slip on overseas concerns

Dhaka,  Tue,  22 August 2017
Published : 18 May 2017, 11:40:51

Taiwan stocks slip on overseas concerns

Taiwan stocks slip on overseas concerns
Taiwan stocks slipped on Thursday following losses in overseas markets on concerns over what the turmoil in the White House could mean for the US presidency.

Uncertainty is mounting over US President Donald Trump's future following reports that he tried to interfere with a federal investigation in the United States.

Some Apple Inc suppliers were also hit after Qualcomm Inc filed a lawsuit against them as the legal battle between the US chipmaker and the iPhone maker intensifies.

As of 0328 GMT, the main TAIEX index fell 0.6 per cent to 9,957.14, after closing down 0.2 per cent in the previous session.

The electronics sub-index sank 0.5 per cent, while the financials sub-index lost 0.9 per cent.

All four Taiwanese suppliers opened down in early trade, but Compal reversed its loss to trade 1.7 per cent higher near midday.

Hon Hai was off 1.5 per cent, Pegatron was down 1.9 per cent and Wistron was 0.2 per cent lower.

The Taiwan dollar softened T$0.08 to T$30.220 per US dollar, according to Reuters.
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