Taiwan shares end flat, electronics stocks slide

Focus Taiwan
Date: 2018/05/18
By: Han Ting-ting and Flor Wang 

Taipei, May 18 (CNA) Shares in Taiwan ended flat after a positive start on the Taiwan Stock
Exchange on Friday — the last trading session ahead of May 20, the second anniversary of President Tsai Ing-wen’s presidency.

After opening at 10,844.09, the Taiex rose to the day’s high of 10,893.35 within 20 minutes but then lost its momentum in the rest of the session and ended down 2.97 points, or 0.03 percent, at 10,830.84, dragged down by a weak performance by most electronics shares.

Turnover totaled NT$125.891 billion (US$4.21 billion). Gainers outnumbered losers 403 to 388, with 128 remaining unchanged.

The electronics sub-index finished down 0.26 percent, hurt by weakness in Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker and the most heavily weighted stock in Taiwan. It fell 1.32 percent to finish at NT$223.50.
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