Taiwan stocks down

Taiwan stocks fell 1.9 percent in their worst day in nearly seven weeks on Thursday as investors took profits after recent gains, with techs and banks ending lower. The main TAIEX index closed down at 8,237.83 points, its biggest one-day percentage fall since April 8. It hit a 21-month closing high last Thursday.
Techs and banks, the two most heavily-weighted sectors on the Taiwan bourse, slumped 2 percent and 2.2 percent, respectively. "It's profit taking. There are no fresh incentives for buying stocks, so investors might just pocket their profits," said Oscar Chung, who manages US $330 million for Capital Securities Investment Management. The Taiwan dollar rose T$0.008 to stand at T$29.952 to the US dollar.