CONSOLIDATION: One analyst said that the market remains fragile after a dive a day earlier, with concerns over the US-China trade war limiting tech sector gains

Taipei Times
Date: May 26, 2019
By: Staff writer, with CNA and AFP

Local shares on Friday staged a mild technical rebound after plunging in the previous session as the bellwether electronics sector led the broader market higher throughout the session, dealers said.

However, turnover remained moderate to cap the upturn, as market sentiment remained roiled by rising trade tensions between the US and China, as well as uncertainty over Chinese telecom equipment maker Huawei Technologies Co Ltd (華為) after a business ban imposed by Washington, they said.

The TAIEX on Friday closed up 19.91 points, or 0.19 percent, at 10,328.28, after moving between 10,308.59 and 10,370.97, on turnover of NT$101.47 billion (US$3.22 billion). That was a slide of 0.5 percent from a close of 10,384.11 on May 17.
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