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Taiwan stocks fall tracking overseas markets
December 22, 2016 / 2:47 AM / 9 months ago

Taiwan stocks fall tracking overseas markets

TAIPEI, Dec 22 (Reuters) - Taiwan stocks fell on Thursday
tracking losses in overseas markets and ahead of the island's
last rate review for the year in which the central bank is
expected to keep the key policy rate unchanged, but would
provide its outlook for 2017.
    The main TAIEX index fell 0.6 percent to 9,152.88
points as of 0226 GMT, after closing down 0.4 percent in the
previous session. The index has closed lower in five out of the 
past six sessions. 
    The electronics subindex sank 0.3 percent, while the
financials subindex lost 1.3 percent. 
    Among bellwether stocks, contract chipmaker TSMC 
was down 0.3 percent and electronics manufacturer Hon Hai
Precision Industry Co Ltd was off 0.2 percent. 
    The rate at which the central bank lends to financial
institutions mainly for short-term purposes is expected to stay
unchanged at 1.375 percent, according to a Reuters poll of
economists. The decision is due after 0830 GMT. 
    The Taiwan dollar firmed T$0.005 to T$32.015 per
U.S. dollar.

 (Reporting by J.R. Wu; Editing by Amrutha Gayathri)

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