Focus Taiwan
Date: 2016/12/27
By: Jalen Chung and Elaine Hou

Taipei, Dec. 27 (CNA) Shares in Taiwan closed slightly lower Tuesday on a second straight day of unusually low turnover as many foreign institutional investors stayed away from the market because of the Christmas holiday, dealers said.

The weighted index on the Taiwan Stock Exchange (TWSE) closed down 1.27 points, or 0.01 percent, at 9,109.27, after moving between 9,100.83 and 9,132.05.

Turnover totaled NT$33.43 billion (US$1.04 billion) during the session, after reaching only NT$31.54 billion on Dec. 26. Turnover in Taiwan’s market normally hits at least NT$60 billion to NT$70 billion per day.

In the bellwether electronics sector, contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC), rose 0.28 percent to close at NT$180, and Hon Hai Precision Industry Co., an assembler of iPhones and iPads, edged up 0.24 percent to close at NT$83.50.    [FULL  STORY]