Tai­wan shares ex­tend losses on back of Wall Street de­cline

The China Post - - TAIWAN BUSINESS -

Shares in Tai­wan ex­tended losses Tues­day as re­newed con­cerns over the debt prob­lems in Greece dragged Wall Street lower, deal­ers said.

The weighted in­dex on the Tai­wan Stock Ex­change ended down 46.70 points, or 0.50 per­cent, at 9,212.78, af­ter mov­ing be­tween 9,177.95 and 9,272.70. Turnover to­taled NT$78.39 bil­lion (US$2.53 bil­lion) dur­ing the ses­sion.

The per­for­mance of elec­tron­ics, fi­nan­cial and old-econ­omy stocks were un­sat­is­fac­tory. Op­to­elec­tron­ics, elec­tronic parts and com­po­nents, steel, food­stuffs and pa­per stocks were among the best per­form­ers.

Lar­gan Pre­ci­sion Co. ( ), the most ex­pen­sive stock on the lo­cal bourse, was up 1.38 per­cent to fin­ish at NT$3,300, help­ing the in­dex to end above the 9,200-point mark.

For­eign in­sti­tu­tional in­vestors sold a net NT$7.38 bil­lion worth of lo­cal shares Tues­day.

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