TAIPEI: Taiwan stocks fell on Friday after the government gave a dismal early reading of second-quarter GDP growth, sharply lower than forecast.
Officials said Friday morning that the island’s GDP grew only 0.64 percent in the second quarter, far below expectations of a 2.67 percent boost.
As of 0151 GMT, the main TAIEX index fell 0.6 percent, to 8,600.38, below other regional bourses, after closing at 8,651.49 in the previous session, up 1 percent.
The electronics subindex sank 0.3 percent, while the financials subindex lost 0.9 percent.
Oil, gas and electric shares dropped 1.52 percent, while glass and ceramics shed 1.2 percent.
