By: Frances Huang
Taipei, Feb. 27 (CNA) Shares in Taiwan closed flat Wednesday after late session buying boosted select
large cap stocks to help the broader market recoup most of its earlier losses, dealers said.
While the bellwether electronics sector remained sluggish, the financial sector, which had lagged behind in recent sessions, got a boost from bargain hunting to stabilize the market, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended down 2.38 points, or 0.02 percent, at 10,389.17, after moving between 10,343.56 and 10,403.05. Turnover was NT$133.16 billion (US$4.32 billion).
The Taiex opened down 5.74 points but soon regained its footing to breach the 10,400-point mark early in the session before selling set in, especially in the tech sector, to push the Taiex into negative territory, dealers said. [FULL STORY]