Taiwan stocks fall

Taiwan stocks fell 0.86 percent in mid-morning trade on Thursday, dragged down by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), whose shares fell on analyst and local media reports of lost orders. As of 0320 GMT, the main TAIEX index was down 81.29 points at 9403.44, trailing other regional and global bourses. The index dropped 0.88 percent in the previous session.
TSMC suffered a 4.6 percent plunge after reports that the world's top contract chip manufacturer would lose orders from clients Qualcomm Inc and Apple Inc to rival Samsung Electronics Co Ltd. TSMC on Wednesday reported a market-beating quarterly profit and gave an upbeat outlook for the rest of this year. TSMC's American Depositary Receipt had tumbled 6.85 percent overnight. The Taiwan dollar was up T$0.085 to stand at T$29.987 to the US dollar.