Taiwan shares end down on reduced turnover

Taiwan News
Date: 2016-05-12
By: By Frances Huang, Central News Agency

Taipei, May 12 (CNA) Shares in Taiwan closed lower Thursday on a shrinkage in turnover as many investors stayed on the sidelines, but the weighted index remained above the 8,100-point mark despite a plunge on Wall Street overnight, dealers said.

Select large-cap stocks in both the electronics and non-high-tech sectors remained resilient, such as PC brand Asustek Computer Inc. and food maker Uni-President Enterprises Corp., which prevented the broader market from falling further, they said.

The weighted index on the Taiwan Stock Exchange ended down 27.51 points, or 0.34 percent, at 8,108.05, after moving between 8,105.49 and 8,162.44, on turnover of NT$67.88 billion (US$2.09 billion).

The market opened down 0.16 percent and fell further in a knee-jerk reaction to the dive on Wall Street, where the Dow Jones Industrial Average closed down 1.21 percent overnight on disappointing earnings results, the dealers said.     [FULL  STORY]

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