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Shares end down despite rebound in second half of day
Staff writer, with CNA
The TAIEX closed lower yesterday as investors chose to pocket gains from the previous two sessions, but losses were limited by a rally in the final two hours of trading boosted by strong market liquidity, dealers said.
While large-cap tech stocks, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), felt pressure, optoelectronics stocks, such as smartphone camera lens supplier Largan Precision Co (大立光), and select old-economy stocks drew interest, they said.
The TAIEX closed down 83.13 points, or 0.51 percent, at 16,341.38 on turnover of NT$346.82 billion (US$12.24 billion).
“It was not surprising that the market pulled back today after a strong showing on Wednesday, as many investors tended to pocket their gains,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang (黃國偉) said.
Taiwan shares end down despite rebound in second half of session focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
IF you order a new top-of-the-line sedan in Europe or North America these days, you might find there is a long waiting time unless it’s a less popular model. The sudden car shortage has nothing to do with the spread of the South African or Brazilian strain of the coronavirus. The reason why automakers are not making enough cars and some plants of General Motors, Daimler, Ford, Toyota and Nissan are now idle is an acute shortage of semiconductors, which power functions from brakes to emission controls. “Electrification of vehicles is increasing the content of power chips 10-fold in every car,” notes Pierre Ferragu, an analyst at New Street Research in New York.
Taiwan shares soar to new high, led by TSMC
02/17/2021 07:09 PM
CNA photo Feb. 17, 2021
Taipei, Feb. 17 (CNA) Shares in Taiwan moved sharply higher Wednesday, the first trading session after the Lunar New Year holiday, to close at a new high as the market tried to catch up with the strong gains seen in U.S. markets during the break, dealers said.
The bellwether electronics sector was behind the upturn, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which continued higher after a nearly 10 percent rise in its American depositary receipts (ADRs) during the Lunar New Year holiday, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 559.89 points, or 3.54 percent, at 16,362.29, after moving between 16,197.45 and 16,406.78. Turnover was NT$413.18 billion (US$14.75 billion).