Taiwan stocks dip to over one-week low; financial shares drop

Mega Financial Holding Co

01/09/2016 03:52

TAIPEI, Sept 1 (Reuters) - Taiwan stocks fell on Thursday, 
tracking declines in overseas markets, with selling led by 
heavyweights in the financial sector.  
    Shares in Mega Financial Holding Co Ltd  2886.TW , which 
closed down for nine in 10 trading sessions, slipped 1.9 percent 
early in the trade, following its chairman's resignation on 
Wednesday.  
    Shiu Kuang-si resigned from all his positions at the 
Taiwanese financial firm after its banking unit was fined last 
month for breach of anti-money laundering regulations in New 
York.  urn:newsml:reuters.com:*:nL3N1BC1PZ     
    As of 0225 GMT, the main TAIEX index  .TWII  dropped as much 
as 0.9 percent to 8,980.21, to hit the lowest since August 22. 
The bourse closed down 0.5 percent in the previous session. 
    The electronics subindex  .TELI  lost 0.5 percent, while the 
financials subindex  .TFNI  sank 1.1 percent.  
    The Taiwan dollar  TWD=TP  firmed T$0.013 to T$31.713 per 
U.S. dollar.       
 
 (Reporting by J.R. Wu; Editing by Sherry Jacob-Phillips) 
 ((jr.wu@thomsonreuters.com; +886 2 2500 4881; Reuters 
Messaging: jr.wu.thomsonreuters.com@reuters.net)) 
 
Keywords: TAIWAN STOCKS/