Taiwan shares end lower on profit taking

Focus Taiwan
Date: 11/25/2020
By Frances Huang

Taipei, Nov. 25 (CNA) Shares in Taiwan closed lower Wednesday despite gains on Wall Street overnight because of stiff technical resistance as the Taiex closed in on 13,900 points, dealers said.

Selling focused on the bellwether electronics sector, which had driven the broader market sharply higher in recent sessions, while non-tech stocks ended mixed, they said.

The Taiex, the Taiwan Stock Exchange's (TWSE) benchmark weighted index, closed down 68.3 points, or 0.49 percent, at 13,738.83, after moving between 13,731.81 and 13,893.20. Turnover was NT$263.61 billion (US$9.24 billion).

The market opened up 0.39 percent and hit the day's high 15 minutes into the session after the Dow Jones Industrial Average breached 30,000 points for the first time overnight amid continued optimism over COVID-19 vaccine developments, dealers said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.