Focus Taiwan
Date: 2016/09/26
B:y Tien Yu-pin and Y.F. Low

Taipei, Sept. 26 (CNA) Shares in Taiwan lost momentum and closed below the 9,200-point mark Monday, led by companies in Apple Inc.’s supply chain, in line with a pullback on Wall Street, dealers said.

The four major U.S. stock indexes dropped between 0.57 percent and 1.1 percent Sept. 23, after the iPhone 7 — Apple’s latest smartphone model — did not sell as well as expected in Europe.

The weighted index on the Taiwan Stock Exchange (TWSE) ended down 90.1 points, or 0.97 percent, at 9,194.52 Monday, after moving between 9,189.49 and 9,229.34. Turnover totaled NT$53.98 billion (US$1.72 billion) during the session.

The shares of all major suppliers to Apple were weak, including Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), Largan Precision Co. (大立光) and Hon Hai Precision Industry Co. (鴻海).     [FULL  STORY]