TAIPEI Dec 16 Taiwan stocks fell for a third
straight session on Friday led by declines in technology
heavyweights and as investors remained cautious after Federal
Reserve increased U.S. interest rates and signalled a faster
pace of hikes next year.
As of 0221 GMT, the main TAIEX index was down 0.1
percent at 9,348.66 points, after closing lower at 9,360.35 in
the previous session.
The electronics subindex slipped as much as 0.3
percent, while the financials subindex gained up to 0.6
Taiwan Semiconductor Manufacturing Co (TSMC), the
world's top contract chip maker, dipped as much as 1 percent.
Cathay Financial Holding, parent company of
Taiwan's biggest life insurer, climbed as much as 1.4 percent.
The Taiwan dollar firmed T$0.011 to T$31.912 per
(Reporting by Faith Hung; Editing by Sherry Jacob-Phillips)