March 9, 2017 / 2:16 AM / 5 months ago

Taiwan stocks fall, tracking Asian shares

2 Min Read

    TAIPEI, March 9 (Reuters) - Taiwan stocks fell on Thursday,
tracking Asian shares while super-strong jobs data in the United
States made an interest rate hike a near certainty.
    The main TAIEX index         fell 0.9 percent to 9,665.45 as
of 0208 GMT, after closing up 0.2 percent on Wednesday.
    All subindexes were down in the morning, led by the plastics
and automobile indexes which both fell over 1 percent.
    The electronics subindex         fell 0.91 percent, while
the financial subindex         lost 0.45 percent.
    Among actively traded shares, Hon Hai Precision Industry
          fell 1.2 percent, after the Nikkei reported that the
world's largest contract electronics maker had approached SK
Hynix             to explore a joint bid for Toshiba Corp's
         memory chip business.              
    The dollar stood firm in Asia on Thursday, including against
the yen, while Japan's export-heavy Nikkei         took heart
and added 0.3 percent.            
    The Taiwan dollar          softened T$0.088 to stand at
T$30.953 to the U.S. dollar.

 (Reporting by Jess Macy Yu; Editing by Gopakumar Warrier)
  

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