MOLLIFIED: Asian markets slid after Trump canceled a meeting with North Korean leader Kim Jong-un, but losses were tempered by hopes the talks will resume

Taipei Times
Date: May 27, 2018
By: Staff writer, with CNA and AFP

Local shares on Friday closed little changed amid lingering geopolitical concerns after US President Donald Trump on Thursday canceled a planned summit with North Korean leader Kim Jong-un, dealers said.

While electronics heavyweights generally remained in the doldrums and petrochemical stocks were hit by a tumble in international crude oil prices, Hon Hai Precision Industry Co (鴻海精密), principal assembler of Apple Inc’s iPhones, and passive component makers attracted buying to lend support to the broader market, the dealers said.

The TAIEX on Friday ended up 5.37 points, or 0.05 percent, at 10,942.30, after moving between 10,918.12 and 10,977.81, on turnover of NT$127.9 billion (US$4.27 billion).    [FULL  STORY]