Taiwan shares end flat; Hon Hai up sharply

Focus Taiwan
Date: 2019/04/01
By: Chung Jung-feng and Frances Huang 

Taipei, April 1 (CNA) Shares in Taiwan closed little changed Monday as investors locked in early gains after the market briefly breached the 10,700-point mark in the morning, dealers said.

While the market suffered profit-taking selling almost across the board later in the session, iPhone assembler Hon Hai Precision Industry Co. stayed up throughout the day to prevent the broader market from falling into negative territory at the end, they said.

The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, closed up 1.59 points, or 0.01 percent, at 10,642.63, after moving between 10,627.01 and 10,735.07, on turnover of NT$153.06 billion (US$4.97 billion).

The market opened up 0.69 percent as investors responded to upturns on U.S. markets Friday, when the Dow Jones Industrial Average closed up 0.82 percent and the tech-heavy Nasdaq ended up 0.78 percent amid optimism that a deal between Washington and Beijing to resolve their trade dispute could soon get done, dealers said.    [FULL  STORY]

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