TAIPEI, Feb 16 Taiwan stocks fell on Thursday as
investors booked profit after a five-session rally lifted the
main index to highs not seen since mid-2015.
The main TAIEX index fell 0.3 percent to 9,767.98
points as of 0402 GMT. It hit 9,869.59 earlier in the session,
the highest since May 2015.
The index, which closed up 0.8 percent Wednesday, gained
nearly 2.7 percent over the past five sessions, underpinned by
The electronics subindex sank 0.4 percent, but the
financials subindex gained 0.2 percent.
Profit-taking came after the government raised its growth
outlook for the trade-dependent economy this year to a
three-year high on expectations of stronger exports.
The Taiwan dollar softened T$0.072 to T$30.837 per
U.S. dollar. However, the Taiwan dollar had earlier strengthened
to as much as T$30.660 during the session, its strongest level
against the U.S. dollar since May 2015.
(Reporting by J.R. Wu; Editing by Amrutha Gayathri)