Taiwan shares edge lower in consolidation mode to 9642.22
Shares in Taiwan edged lower Tuesday as the market retreated into consolidation mode, dealers said.
The weighted index on the Taiwan Stock Exchange ended down 24.3 points, or 0.25 percent, at 9,642.22, after moving between 9,631.19 and 9,664.1. Turnover totaled NT$90.77 billion ( US$2.9 billion) during the session.
Electronics stocks were weak Tuesday, while financial shares remain relatively resilient.
Shares of Taiwan Semiconductor Manufacturing Co. (
) dropped 2 percent to close at NT$144, and Largan Precision Co. ( ) lost 1.1 percent to end at NT$2,675.
Hon Hai Precision Industry Co. ( ) rose 0.9 percent to NT$93.8, and Winbond Electron- ics Corp. ( ) increased by the daily maximum of 7 percent to NT$10.8. Cathay Financial Holdings (
) jumped 0.2 percent to close at NT$50.6 and CTBC Holding (
) gained 1.6 percent to end at NT$21.8. Fubon Financial Holding Co. (
) lost 0.5 percent to close at NT$57.1, and Mega Holdings ( ) dropped 0.3 percent to NT$26.2.
Foreign institutional investors sold a net NT$3.32 billion worth of local shares Tuesday.
US Dollar Closes Down on
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.030 to close at NT$31.312. Turnover totaled US$529 million during the trading session.