March 10, 2017 / 2:48 AM / 4 months ago

Taiwan stocks fall; transport, plastics shares drag

2 Min Read

    TAIPEI, March 10 (Reuters) - Taiwan stocks fell on Friday,
dragged down by the transport and plastics shares, continuing a
reversal of gains posted earlier this week.
    The main TAIEX index         fell 0.91 percent to 9,570.88
as of 0143 GMT, after closing down 0.97 percent on Thursday.
    The plastics         and transport         indexes fell over
1.5 percent each, while the electronics subindex         fell
0.77 percent and the financial subindex         was down 0.26
percent.  
    Among the bottom movers, China General Plastics Corp
          fell 6.03 percent and U-Ming Marine Transport Corp
          fell 3.09 percent.
    Asian stocks edged up and the dollar rose to 1-1/2-month
highs versus the yen on Friday ahead of the U.S. nonfarm
payrolls report due later in the day. The payrolls outcome has
drawn particular interest as it could improve the chances of the
Federal Reserve raising interest rates several times this year. 
Wall Street was marginally higher on Thursday.             
    The Taiwan dollar          softened T$0.100 to stand at
T$31.120 to the U.S. dollar.

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

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