Tai­wan shares edge lower in con­sol­i­da­tion mode to 9642.22

The China Post - - TAIWAN BUSINESS -

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

Taipei Forex

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.

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