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Taiwan stocks flat on caution after hitting 20-month high
February 14, 2017 / 4:33 AM / 10 months ago

Taiwan stocks flat on caution after hitting 20-month high

    TAIPEI, Feb 14 (Reuters) - Taiwan stocks traded largely flat
on Tuesday, paring early gains that lifted up the index to a
20-month high, as investors exercised caution ahead of the
release of the government's quarterly economic outlook on
Wednesday. 
    The main TAIEX index         was flat at 9,710.93 points, as
of 0411 GMT, after closing up 0.5 percent in the previous
session. 
    The index neared the key 9,800 level on Tuesday after it
broke over 9,700 in the previous session. It hit an intraday
high of 9,760.01, highest since May 2015.
    The electronics subindex         rose 0.1 percent, while the
financials subindex         lost 0.2 percent. 
    Taiwan's statistics agency is scheduled on Wednesday to
issue its latest outlook for this year's economic growth and
revisions to last year's fourth quarter gross domestic product.
Preliminary data in late January showed October-December GDP
grew at its best pace in nearly two years, but momentum was
slowing.              
    The Taiwan dollar          firmed T$0.167 to T$30.863 per
U.S. dollar.  

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

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