April 27, 2017 / 2:13 AM / 7 months ago

Taiwan stocks dip; Taiwan dollar pulls back from 2-1/2-year high

    TAIPEI, April 27 (Reuters) - Taiwan stocks fell on Thursday,
largely tracking Asian shares and ending the week's rally, while
the local currency pulled back from a two-and-a-half-year
intraday high hit in the previous session.
    Asian shares dipped after a U.S. tax plan failed to inspire
investors, though sentiment was still supported by global growth
prospects and receding worries about European political risks.
              
    The main TAIEX index         fell 0.14 percent to 9,842.22
as of 0157 GMT, after closing up 0.2 percent on Wednesday. 
    The automobile subindex         led the losses, falling 0.71
percent, while the financial subindex         was down 0.3
percent.  
    Among actively traded shares, Sinopac Financial Holdings Co
Ltd          , which has subsidiaries in banking, securities and
leasing, fell 0.75 percent. 
    The Taiwan dollar          strengthened T$0.016 to stand at
T$30.135 to the U.S. dollar from Wednesday's closing.

 (Reporting by Jess Macy Yu; Editing by Gopakumar Warrier)
  

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