Taiwan shares recoup most of earlier losses despite U.S. stock dive

Focus Taiwan
Date: 2019/12/04
By: Frances Huang

Taipei, Dec. 4 (CNA) Shares in Taiwan closed slightly lower Wednesday after recouping most of the earlier losses caused by a plunge on U.S. markets overnight after U.S. President Donald Trump said a trade deal with China could be delayed until after the 2020 presidential vote, dealers said.

Bargain hunting, in particular in the late trading session, generally pushed large cap stocks in both electronics and non-tech sectors out of their earlier sluggishness, helping the broader market return to the 11,500 point mark by the end of the session, they said.

The weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex closed down 21.11 points, or 0.18 percent, at 11,510.47, after moving between 11,457.43 and 11,513.83, on turnover of NT$104.20 billion (US$3.42 billion).

The market opened down 0.17 percent and fell further to the day's low as investors took their cue from heavy losses on U.S. markets, where the Dow Jones Industrial Average closed down 1.01 percent and the S&P 500 index ended down 0.66 percent amid rising worries over global trade in the wake of Trump's remarks, dealers said.    [FULL  STORY]

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