May 5, 2017 / 3:11 AM / 3 months ago

Taiwan stocks down on profit-taking, tracking overseas caution

    TAIPEI, May 5 (Reuters) - Taiwan stocks fell on Friday on
profit-taking after a 9-session winning streak and as overseas
markets turned cautious.
    The main TAIEX index         fell 0.4 percent to 9,928.61 as
of 0250 GMT, after closing up 0.1 percent in the previous
session.
    The electronics subindex         sank 0.3 percent, while the
financials subindex         lost 0.4 percent.
    Losses were broad-based. Chemical products producer China
Petrochemical Development Corp           was off nearly 3
percent, Sinopac Financial Holdings           was down 0.2
percent while display maker AU Optronics           was down 0.8
percent.
    The index gained 3.5 percent in the last nine sessions.
    On Monday, Taiwan is due to issue its exports data for
April, which are likely to show a seventh month of growth and,
while the momentum may slow, it should signal that economic
recovery remains on track.             
    The Taiwan dollar          softened T$0.008 to T$30.148 per
U.S. dollar.

 (Reporting by J.R. Wu; Editing by Gopakumar Warrier)
  

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