TAIPEI, March 24 Taiwan stocks were little
changed on Friday as investors remained cautious after the
government announced a stimulus package amid uncertainty from
trading partners the United States and China, and the central
bank left its policy rate steady as expected.
The main TAIEX index was down 0.1 percent at
9,925.43 as of 0110 GMT, after closing marginally higher in the
Some investors have been cautious about valuations as the
key stock index has risen about 7 percent so far this year,
hitting its highest in almost two years recently.
The electronics subindex declined 0.1 percent, while
the financials subindex dropped 0.1 percent.
Among the most actively traded stocks, Taiwan Semiconductor
Manufacturing Co (TSMC) was off 0.8 percent. TSMC is
the world's biggest contract chip maker and an Apple Inc
The Taiwan dollar softened T$0.01 to T$30.498 per
U.S. dollar, hovering near a more than two-year high hit earlier
(Reporting by Faith Hung; Editing by Subhranshu Sahu)