* Hon Hai drops on report of 10th death at Foxconn unit
* China Steel falls before announcing product price change
* Cautious market mood seen continuing
TAIPEI, May 27 Taiwan stocks fell 0.45 percent on
Thursday, with electronics parts maker Hon Hai (2317.TW) lower on
media reports that a tenth employee at its Foxconn unit's
(2038.HK) China facility had died in an apparent suicide this
Hon Hai, which has been hit by a series of suspected suicides
at Foxconn, slid 1.2 percent and pulled the electronics sub-index
.TELI 0.5 percent lower.
The suicides prompted clients Apple (AAPL.O) and Dell
DELL.O to say they were investigating suicide reports.
At around 0150 GMT, the main TAIEX share index .TWII had
fallen 32.51 points to 7,134.84. Turnover was light at T$17.4
billion ($543 million).
"Investor confidence will remain weak in the near term.
Recently released U.S. economic data actually topped market
expectations, but that was not enough to offset concern over the
euro zone crisis," said Albert Hsieh, a fund manager at Shin Kong
Financial (2888.TW)'s fund arm.
Chinatrust (2891.TW), Taiwan's top credit card issuer,
slipped 0.3 percent. Top financial regulators had hinted to
Chinatrust that it should raise money from investors rather than
via a private placement, which it is planning, local media
China Steel (2002.TW), Taiwan's biggest steel maker, was
down 0.7 percent. The company is expected to raise its
July-August domestic prices after the market close on Thursday to
reflect higher iron ore prices and stronger demand.
Bigger rival Nippon Steel (5401.T) will hike wholesale steel
sheet prices by about 10-15 percent, starting with shipments in
July, the Nikkei business daily said on Thursday. [nSGE64P0LH]
Foreign investors resumed their selling of Taiwan shares on
Wednesday, expanding total net selling for the month to date to
T$118.5 billion, the biggest such monthly figure since June 2008.
For a table on foreign trading in Taiwan stocks, double-click
(Reporting by Faith Hung; Editing by Ken Wills)