Taiwan News
Date: 2016-04-19
By: By Jeffrey Wu and Evelyn Kao, Central News Agency

Shares in Taiwan closed lower, below the 8,700 point-mark Tuesday, led by Apple-concept stocks, as smartphone supply chains in Japan were disrupted by a series of earthquakes there last week, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 32.29 points, or 0.37 percent, at 8,633.72, after moving between 8,743.35 and 8,627.29. Turnover totaled NT$80.34 billion (US$2.49 billion) during the session.

The index opened up 35.74 points and rose to the day’s high as investors were encouraged by a higher Wall Street, where the Dow Jones Industrial Average gained more than 100 points overnight.

Financial and electronics stocks were comparatively weak, with the bellwether electronics sector losing 0.68 percent, while the financial segment shed 0.49 percent.     [FULL  STORY]