Taipei Times
Date: Jun 24, 2018
By: Staff writer, with CNA and Bloomberg

Local shares on Friday ended lower after a plunge on Wall Street overnight, but still remained above the market’s six-month moving average.

The TAIEX on Friday opened at 10,901.25, hitting a high of 10,914.83 and a low of 10,828.86 before closing down 41.79 points, or 0.38 percent, at 10,899.28, falling 1.7 percent from 11,087.47 on June 15.

Losers outnumbered gainers 566 to 240, while 114 stocks remained unchanged.

Affected by a 0.8 percent slide in the Dow Jones Industrial Average on Thursday, the weighted index sank as low as 10,828.86 — the lowest the market has been this month — at one point during the session.

However, led by gains in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in the second half of the session, buying in old economy shares also emerged, helping push the TAIEX above the six-month moving average of 10,880 by the end of the session.    [FULL  STORY]