Taiwan shares close down 0.17%

Focus Taiwan
Date: 2017/04/17
By: Yang Kai-hsiang and Lilian Wu

Taipei, April 17 (CNA) Shares in Taiwan closed lower Monday as investors grew

(CNA file photo)

cautious, affected by rising geopolitical tensions over North Korea as well as slides in large-cap stocks.

The weighted index on the Taiwan Stock Exchange closed down 16.53 points, or 0.17 percent, at 9,716.40, after moving between 9,670.11 and 9,762.47. Turnover totaled NT$77.60 billion (US$2.56 billion) during the session.

Most sectors lost ground on Monday, with electronics shares dropping 0.16 percent and financial shares falling 0.33 percent.

Contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC,台積電) fell 0.79 percent to close at NT$187.50, while smartphone camera lens supplier Largan Precision Co. (大立光) closed down 0.42 percent to close at NT$4,780, despite a foreign brokerage setting a target price of NT$6,180 for the stock.    [FULL  STORY]

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