February 24, 2017 / 3:50 AM / 5 months ago

Taiwan stocks slip with regional shares ahead of long weekend

2 Min Read

    TAIPEI, Feb 24 (Reuters) - Taiwan stocks edged lower on
Friday, tracking Asian shares, amid uncertainty over U.S.
President Donald Trump's stance on trade and economic policy as
he criticized China for currency manipulation. 
    Trump called China "grand champions" of currency
manipulation on Thursday, raising doubts on trade relations
between the world's two largest economies.             
    The main TAIEX index         fell 0.1 percent to 9,759.55
points as of 0342 GMT,  after closing down 0.1 percent on
Thursday.
    The electronics subindex         was down 0.1 percent, while
the financial subindex         was largely flat.
    Among actively traded shares, Cathay Financial Holding
          fell 0.3 percent. 
    Taiwan's financial markets will be shut on Monday and
Tuesday for a public holiday. Trading will resume on March 1.  
    The Taiwan dollar          strengthened to as much as
T$30.700, but closer to midday, it was around T$30.716 to the
U.S. dollar, compared with the settlement of T$30.745 in the
previous session.
    An analysis of Taiwan's currency may be included in a U.S.
Treasury report due in April that looks at the currency
practices of major U.S. trading partners.

 (Reporting by Jess Macy Yu; Editing by Amrutha Gayathri)
  

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