TAIPEI: Taiwan stocks opened flat on the first trading day of the new year on Monday as investors remained cautious ahead of the island's presidential vote and with little guidance as most regional markets are closed.
The main TAIEX index dipped 0.73 points to 7,071.35. In 2011, it shed 21 percent in its worst yearly performance since 2008.
TSMC , the world's top contact chip maker, slipped 0.92 percent, weighing on electronics, which fell 0.22 percent. Financials slipped 0.15 percent.
Taiwan holds presidential elections on Jan 14 in a vote that will determine whether the island deepens economic integration with mainland China or embarks on a period of more tense and possibly fractious cross-Strait relations. Please double click for full coverage.
The Taiwan dollar weakened slightly to trade at T$30.298.
Foreign investors were net buyers on Friday, bringing their total buying to T$39.38 billion in December.
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