Taiwan stocks drop tracking Asian shares

Powertech Technology

19/04/2017 02:29

TAIPEI, April 19 (Reuters) - Taiwan stocks fell on 
Wednesday, tracking modest losses in Asian shares, on a run of 
disappointing U.S. economic data and doubts whether President 
Donald Trump's administration will progress with tax cuts.  
    As of 0120 GMT, the main TAIEX index  .TWII  was down 0.68 
percent at 9,679.40, after closing up 0.3 percent in the 
previous session. 
    All subindexes were down early in the day, with the 
electronics subindex  .TELI  dropping as much as 0.7 percent, 
while the financial subindex  .TFNI  slipping up to 0.6 percent. 
  
    Among actively traded shares, Powertech Tech  6239.TW , a 
semiconductor assembly, packaging and testing company, declined 
as much as 1.73 percent.    
    The Taiwan dollar  TWD=TP  strengthened T$0.026 to stand at 
T$30.380 to the U.S. dollar. 
        
 
 (Reporting by Jess Macy Yu; Editing by Sherry Jacob-Phillips) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2 2500-4882;)) 
 
Keywords: TAIWAN STOCKS/