Taiwan stocks retreat on poor GDP data; UMC, AU, Hon Hai down

Wed Oct 30, 2013 10:36pm EDT

TAIPEI, Oct 31 (Reuters) - Taiwan stocks fell 0.3 percent on
Thursday as market sentiment was hit after the island's
export-driven economy posted lower-than-expected growth in the
third quarter. 
    Tech exporters including UMC and AU Optronics
 led the decline, falling 3 percent and 1.1 percent
respectively. The world's No.3 contract chipmaker and the
world's No.4 flat panel maker warned of a slowing fourth
quarter.  
    At about one an half and hours into trade, the main TAIEX
index had slipped to 8,443.38 points, retreating from a
more-than-26 month closing high on Wednesday.
    Shares in Hon Hai Precision, the world's largest
electronics assembler, were down 0.3 percent. Hon Hai was among
the six companies that won fourth-generation mobile spectrum
licenses..
     The Taiwan dollar was up 0.261 percent to stand at
T$29.398 to the U.S. dollar.
   
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 (Reporting by Faith Hung; Editing by Supriya Kurane)
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