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Taiwan shares dive below 16,300 points, led by tech stocks
02/24/2021 06:43 PM
CNA file photo
Taipei, Feb. 24 (CNA) Shares in Taiwan took a beating Wednesday, closing below the 16,300-point mark, as the semiconductor sector and other tech stocks followed a downturn of their counterparts in the United States, dealers said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock on the local market, led the tech sector s losses, while large-cap old economy stocks weakened after showing some resilience the previous day, dealers said.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended down 230.87 points, or 1.40 percent, at the day s low of 16,212.53, after hitting a high of 16,456.94. Turnover stood at NT$382.96 billion (US$13.78 billion).
Taiwan shares recoup early losses to end up; IC sector falls
02/23/2021 05:43 PM
CNA file photo
Taipei, Feb. 23 (CNA) Shares in Taiwan closed slightly higher Tuesday, recovering from early losses caused by selling in large-cap semiconductor stocks, in a market awash in liquidity, dealers said.
While contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) led the integrated circuit sector to move lower throughout the session, buying rotated to old economy and financial stocks, as investors with large funds sought a safe haven to park their money, dealers added.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 33.24 points, or 0.20 percent, at 16,443.40, after moving between 16,211.75 and 16,467.75. Turnover totaled NT$367.03 billion (US$12.66 billion) during the session.
Semiconductor stocks under pressure after U.S. losses
02/23/2021 11:25 AM
CNA file photo
Taipei, Feb. 23 (CNA) Taiwan s semiconductor stocks came under pressure Tuesday morning after similar stocks fell sharply in the United States overnight at a time of rising bond yields, dealers said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) led the downturn on the local market after its American depositary receipts (ADRs) fell 2.26 percent in the U.S. on Monday, they said.
Old economy stocks benefited from rotational buying in a market that is still highly liquid, helping the weighted index, the Taiex, offset the adverse affect of the tumbling tech stocks, dealers said.
Taiex hits another all-time intraday high
02/22/2021 05:01 PM
CNA file photo
Taipei, Feb. 22 (CNA) Shares in Taiwan closed higher Monday but pulled back after reaching an all-time intraday high as the market faced technical resistance at around 16,500 points, dealers said.
Semiconductor stocks came under pressure after investors began to unload contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), but interest in market laggards, such as smartphone camera lens supplier Largan Precision Co. and some old economy stocks, kept the market in positive territory at the close, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 68.78 points, or 0.42 percent, at the day s low of 16,410.16, off a record intraday high of 16,579.17, on turnover of NT$352.14 billion (US$12.62 billion).