Taiwan News
Date: 2016-07-20
By: Central News Agency

Taipei, July 20 (CNA) Shares in Taiwan closed lower Wednesday, apparently affected by weak performance of large-cap electronics stocks and the financial sector, but the market’s benchmark index remained above the 9,000-point mark, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 27.19 points, or 0.30 percent, at 9,007.68, off an early low of 8,969.19, on turnover of NT$93.647 billion (US$2.92 billion). The market opened at 9,013.52 and dropped below the 9,000-point level at one point, but recovered later in the session. Almost all the major share sub-indexes lost ground, with the financial sub-index falling the most at 0.51 percent.

Cathay Financial Holding Co., (國泰金) dropped 1.2 percent to end at NT$36.85, Fubon Financial Holding Co. (富邦金) fell 0.6 percent to finish at NT$40, and CTBC Financial Holding Co. (中信金) lost 0.5 percent to finish at NT$18.15. In the electronics sector, Taiwan Semiconductor Manufacturing Co. (台積電), the most heavily weighted stock on the local market, fell 0.3 percent to close at NT$170, while Hon Hai Precision Industry Co. (鴻海) dropped 0.2 percent to end at NT$86.     [FULL  STORY]