Taiwan stocks slightly down; Taiwan dollar hovers near 29-month low

Powertech Technology

29/03/2017 03:19

TAIPEI, March 29 (Reuters) - Taiwan stocks were down on 
Wednesday, erasing early gains as the Taiwan dollar hovered near 
its strongest level in over two years.  
    Asian shares were mixed later in the morning while the 
dollar and commodities rallied as investors shook off 
disappointment about U.S. President Donald Trump's failed 
healthcare bill and focused instead on a positive outlook for 
global growth.  urn:newsml:reuters.com:*:nL3N1H55S9  
    As of 0208 GMT, the main TAIEX index  .TWII  was down 0.1 
percent at 9,866.90, after closing flat on Tuesday. 
    The electronics subindex  .TELI  slipped as much as 0.4 
percent, the semiconductor index  .TSII  fell up to 0.94 
percent, while the financial subindex  .TFNI  climbed as much as 
0.35 percent.  
    Among actively traded shares, the semiconductor assembly, 
packaging, and testing company Powertech Tech  6239.TW  slid up 
to 0.6 percent.  
    The Taiwan dollar  TWD=TP  softened a touch T$0.015 to stand 
at T$30.185 to the U.S. dollar, slightly above the 29-month low 
of T$30.115 hit in the previous session.   
    Analysts say the breach of the T$30.000 psych level may open 
floodgates to momentum sellers.  urn:newsml:reuters.com:*:nIFR98fRcP   
 
 (Reporting by Jess Macy Yu; Editing by Sherry Jacob-Phillips) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2 2500-4882;)) 
 
Keywords: TAIWAN STOCKS/