Taiwan stocks fall as Trump focuses on tax, immigration reforms

TS Financial Holding Co

01/03/2017 03:40

TAIPEI, March 1 (Reuters) - Taiwan stocks fell on Wednesday, 
erasing earlier gains, as U.S. President Donald Trump emphasized 
his desire to focus on problems at home by boosting the U.S. 
economy with tax and immigration reforms. 
    Taiwan is a trade-dependent nation and U.S. policies aimed 
at bringing manufacturing back to the world's biggest economy 
could leave the island's economy vulnerable, analysts said. 
    Growth in Taiwan's February factory activity dipped to a 
4-month low, according to Taiwan PMI data released on Wednesday. 
 urn:newsml:reuters.com:*:nS7N1DC002     
    The main TAIEX index  .TWII  fell 0.6 percent to 9,691.12 
points as of 0254 GMT,  after closing down 0.2 percent on 
Friday.  
    Taiwan stock and financial markets were closed on Monday and 
Tuesday for a public holiday.  
    The electronics subindex  .TELI  was down 0.8 percent, while 
the financial subindex  .TFNI  fell 0.3 percent.    
    Among actively traded shares, Taishin Financial Holding Co 
 2887.TW  was down 0.8 percent.   
    The Taiwan dollar  TWD=TP  softened by T$0.038 to T$30.688 
to the U.S. dollar, in line with other Asian currencies.  
 urn:newsml:reuters.com:*:nL3N1GE1IS  
 
 (Reporting by Jess Macy Yu; Editing by Amrutha Gayathri) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2500-4882 x501;)) 
 
Keywords: TAIWAN STOCKS/