Taiwan stocks end down; oil and plastics shares drop

TAIPEI, June 22: Taiwan stocks ended down 0.78 percent on Friday, pulled down by oil and plastics counters, as risk-averse investors offloaded shares following weak manufacturing data from the U.S., Europe and China that heightened fears over the outlook for global growth.

The main TAIEX index fell 57 points to 7,222.05, after opening 0.94 percent lower.

Oil stocks fell 3.56 percent and plastics 2.46 percent. Electronics shares were down 0.45 percent, while financial shares shed 0.94 percent.

Hon Hai and HTC Corp however rose 0.58 percent and 1.58 percent respectively.

The Taiwan dollar was down by T$0.027 to trade at T$29.929.

Foreign investors were net sellers on Thursday, bringing their total selling to T$11.4 billion this month. (agencies)