Techs drag Taiwan stocks lower; banks jump
July 08, 2014 at 22:17 PM EDT
TAIPEI, July 9 (Reuters) - Taiwan stocks fell 0.4 percent on Wednesday as market sentiment was under pressure following losses on Wall Street, with recent winners such as Apple Inc supplier Largan Precision leading the decline. However, banking stocks jumped 0.5 percent. Shares in Fubon Financial, parent of Taiwan's No.2 insurer, rose 2 percent after the company reported its first-half profit topped the combined profit of the first three quarters of 2013. Smaller rival CTBC Financial added