TAIPEI, May 5 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
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
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
(Reporting by J.R. Wu; Editing by Gopakumar Warrier)