Taiwan stocks slip on profit-taking

Dhaka,  Sun,  24 September 2017
Published : 19 May 2017, 12:27:31

Taiwan stocks slip on profit-taking

Taiwan stocks slip on profit-taking
Taiwan stocks slipped on Friday as investors booked profits ahead of the weekend amid uncertainties surrounding US President Donald Trump after reports he tried to influence a federal investigation.

Foreign investors were net sellers of local equities for the first time in two weeks on Thursday, even as Wall Street bounced back overnight from its worst sell-off in more than eight months.

The main TAIEX index was down 0.1 per cent at 9,959.13 as of 0141 GMT, after closing 0.4 per cent lower in the previous session.

The electronics sub-index was flat, while the financials sub-index dropped 0.3 per cent. 

Big-cap electronics companies Hon Hai Precision and TSMC were both down.

The Taiwan dollar softened T$0.043 to T$30.268 per US dollar, according to Reuters.
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