Taiwan shares end below 17,000-point mark off early low
05/04/2021 04:10 PM
CNA photo May 4, 2021
Taipei, May 4 (CNA) Shares in Taiwan extended their losses from a session earlier to close below the 17,000-point mark Tuesday off an early low, as investors rushed to lock in gains previously built for large-cap non-tech stocks, dealers said.
While the bellwether electronics sector continued to trend lower, its losses were limited, as contract chipmaker Taiwan Semiconductor Manufacturing Co.(TSMC) and United Microelectronics Corp. (UMC) managed to buck the downturn to end in positive territory, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 288.57 points, or 1.68 percent, at 16,933.78, after moving between 16,647.61 and 17,328.55. Turnover hit a new high of NT$664.2 billion (US$23.77 billion).
Taiwan shares end lower off early low
04/28/2021 06:52 PM
CNA file photo
Taipei, April 28 (CNA) Shares in Taiwan closed lower Wednesday in the wake of lackluster U.S. markets overnight, but came off an even earlier low, driven by ample liquidity, dealers said.
The bellwether electronics sector moved lower, led by major semiconductor stocks, while rotational buying bolstered select old economy heavyweights, preventing the broader market from falling further, the dealers said.
Market sentiment remained cautious throughout the session ahead of the outcome of a two-day policy making meeting of the U.S. Federal Reserve due later in the day, the dealers said.
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Taiwan shares end at new high led by non-tech stocks
04/19/2021 05:50 PM
CNA file photo
Taipei, April 19 (CNA) Shares in Taiwan rallied Monday as buying rotated to non-tech stocks, in particular raw material and shipping firms with investors betting on a strong global economic recovery, dealers said.
Interest in old economy and financial stocks offset the downturn suffered by large cap electronics stocks such as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and other semiconductor heavyweights, helping the broader market to close at a record high, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 104.47 points, or 0.61 percent, at 17,263.28, after moving between 17,135.52 and 17,294.15. Turnover totaled NT$440.37 billion (US$15.62 billion).
Taiwan shares end above 17,000 points
04/15/2021 06:32 PM
CNA file photo
Taipei, April 15 (CNA) Shares in Taiwan rose sharply Thursday by more than 200 points to close above the 17,000 mark, as investors ignored the mixed U.S. markets overnight, dealers said.
Buying was seen across the board, with large-cap tech stocks gaining momentum in late trading and old economy and financial stocks attracting buying amid optimism about a cyclical recovery, dealers said.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended up 210.76 points, or 1.25 percent, at 17,076.73, after moving between 16,851.06 and 17,076.73. Turnover totaled NT$360.96 billion (US$12.7 billion).
The market opened down 0.09 percent at the day s low, in the wake of a mixed U.S. market, where the Dow Jones Industrial Average gained a modest 0.16 percent and the tech-heavy Nasdaq dropped 0.99 percent Wednesday, dealers said.