Shares end day below 9,200 points as investors remain cautious

The China Post
Date: October 15, 2016

TAIPEI–Shares in Taiwan closed below the 9,200- point level Friday as chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) and smartphone camera lens supplier Largan Precision Co. (大立光) failed to respond positively to their third-quarter results, dealers said.

Market sentiment remained cautious toward the ongoing earnings season, though TSMC and Largan reported good earnings data — yet many investors here have become wary of the global economy after China reported a 10-percent fall in exports for September, the dealers said.

The weighted index on the Taiwan Stock Exchange ended down 54.00 points, or 0.59 percent, at 9,165.17, after moving between 9,149.87 and 9,216.63, on turnover of NT$67.06 billion (US$2.12 billion). It was the first time the index had closed below 9,200 points since Sept. 30, when the main board ended at 9,166.85 points.

The market opened down 0.23 percent on lackluster performance on Wall Street, where the Dow Jones Industrial closed down 0.25 percent and the S&P 500 index ended down 0.31 percent, the dealers said.      [FULL  STORY]

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