Shares fall to 9,236.10 on Greek debt con­cerns

The China Post - - TAIWAN BUSINESS -

Shares in Tai­wan took a nose­dive Mon­day as the debt cri­sis in Greece dragged down the stock mar­kets in Ja­pan, South Korea and China, deal­ers said.

The Greek gov­ern­ment has con­firmed that banks will be closed all week, fol­low­ing a de­ci­sion by the Euro­pean Cen­tral Bank not to ex­tend emer­gency fund­ing.

The weighted in­dex on the Tai­wan Stock Ex­change closed down 226.47 points, or 2.39 per­cent, at 9,236.10, af­ter mov­ing be­tween 9,227.11 and 9,358.96. Turnover to­taled NT$93.33 bil­lion (US$3.01 bil­lion) dur­ing the ses­sion.

Among some of the big losers, the elec­tron­ics sec­tor fell 2.94 per- cent, the semi­con­duc­tor sec­tor 4.14 per­cent, the op­to­elec­tron­ics sec­tor 3.01 per­cent, the fi­nan­cial sec­tor 2.11 per­cent, the glass sec­tor 3.57 per­cent, and the elec­tri­cal and ma­chin­ery sec­tor 2.57 per­cent.

Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co. ( ), the most heav­ily weighted stock on the lo­cal mar­ket, ended 2.12 per­cent lower at NT$138.5.

In the fi­nan­cial sec­tor, Fubon Fi­nan­cial Hold­ing Co. ( ) dropped 2.79 per­cent to close at NT$62.7, and Cathay Fi­nan­cial Hold­ing Co. ( ) fell 3.1 per­cent to fin­ish at NT$53.2.

For­eign in­sti­tu­tional in­vestors sold a net NT$7.11 bil­lion worth of lo­cal shares Mon­day.


An in­vestor stares at stock in­dices at the Tai­wan Stock Ex­change in Taipei, yesterday. The TAIEX plum­meted 226.47 points yesterday in trad­ing, or 2.4 per­cent of its value, fol­low­ing the an­nounce­ment of cap­i­tal con­trol en­force­ment in Greece. Mar­kets in Asia also closed down sharply.

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