By: By Frances Huang, Central News Agency
Shares in Taiwan closed moderately lower Friday as investors took cues from the losses on Wall Street overnight amid concerns over earnings among the heavyweights in the U.S. market, dealers said.
Selling in the bellwether electronics sector in Taiwan was evident as investors locked in their gains from the previous session, which pushed down the broader market, dealers said.
The financial sector, however, remained resilient, helping to shore up the weighted index, they said.
The weighted index on the Taiwan Stock Exchange ended down 32.90 points, or 0.38 percent, at 8,535.75, after moving between 8,501.03 and 8,580.33. Turnover totaled NT$78.55 billion (US$2.43 billion) during the session. [FULL STORY]