Wires

Taiwan stocks dragged down by LCD and chip makers

TAIPEI, Oct 8 (Reuters) - Taiwan stocks ended down 0.97percent on Monday, as investors sold LCD makers

and chipcounters.The main TAIEX indexfell 74.76 points to 7,615.89,after opening up 0.23 percent.

Chip maker TSMC

shed 2.09 percent while LCD firmAU Optronicslost 2.34 percent. Electronics sharesoverallwere down 1.19 percent.Hon Hai

fell 1.88 percent. The company deniedreports that a plant in China was crippled by a strike, sayingon Saturday that its production is on schedule at an importanttime for Apple

.Financial shareswere off 1.1 percent.The Taiwan dollarwas up by T$0.118 to trade atT$29.25.

Foreign investors were net sellers on Friday, offloadingT$350 million.

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(Reporting by Clare Jim; Editing by)

Keywords: MARKETS TAIWAN STOCKS/