Taiwan Shares Decline Most in Two Months After IPhone 7 Launch
- Apple supplier TSMC extends losses from a record high
- Taiwan has received most equity inflows this quarter in Asia
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Taiwanese shares declined the most in two months as suppliers to Apple Inc. slumped in the wake of the new iPhone launch. The island’s currency fell the most since June.
The Taiex index slid 1.1 percent to 9,164.88, paring this week’s advance to 2 percent. Taiwan Semiconductor Manufacturing Co., the Apple supplier with the biggest weighting on the gauge, fell for a second day from a record high. Apple shares dropped the most in more than two months in U.S. trading Thursday. The Taiwan dollar weakened 0.7 percent to NT$31.51 against the greenback.