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Home International Markets

Taiwan stocks dive in early trade, TAIEX skids 0.4%

byCustoms Today Report
30/10/2015
in International Markets
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TAIPEI: Taiwan stocks fell slightly on Friday after third-quarter GDP came in worse than analysts expected, with tech exporters also reflecting fears that demand in China will remain soft. .

As of 1:14 GMT, the main TAIEX index was down 0.4 percent, to 8,533.29 points, after closing at 8,571.08 points.

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The electronics subindex sank 0.5 percent, while the financials subindex lost 0.4 percent.

Hon Hai Precision, the world’s top electronics components maker, was off 0.2 percent. TPK Holdings, a component supplier to Apple, shed 1.6 percent.

The Taiwan dollar firmed T$0.33 to T$32.526 per U.S. dollar. It ended at a three-week low on Thursday.

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