Taiwan shares recoup over 100-point losses to end flat

Focus Taiwan
Date: 2019/06/03
By: Frances Huang

Taipei, June 3 (CNA) Shares in Taiwan recovered from an earlier drop of more than 100 points to end little changed from a session earlier as the bellwether electronics sector staged a rebound from earlier doldrums, dealers said.

However, turnover remained thin, as many investors stayed on the sidelines, watching anxiously how the trade dispute between the United States and China will unfold and whether the U.S. will proceed with its threats to impose tariffs on goods from Mexico, the dealers said.

The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended up 1.58 points, or 0.02 percent, at 10,500.07, after moving between 10,383,51 and 10,511,20, on turnover of NT$95.62 billion (US$3.04 billion).

The market opened down 0.15 percent and soon fell about 115 points to the day’s low in the early morning session in the wake of a downturn suffered by U.S. markets, where the Dow Jones Industrial Average ended down 1.41 percent and the tech-heavy Nasdaq index closed down 1.51 percent Friday, the dealers said.    [FULL  STORY]

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