Taiwan shares sharply lower amid renewed U.S.-China tensions

Focus Taiwan
Date: 05/22/2020
By: Flor Wang and Pan Chih-yi

Taipei, May 22 (CNA) Shares in Taiwan ended sharply lower Friday amid renewed tensions between the United States and China over Chinese telecom giant Huawei Technologies and China's plan to introduce a national security law in Hong Kong.

The Taiex, the key barometer of the Taiwan Stock Exchange, finished down 197.16, or 1.79 percent, at 10,811.15 on turnover of NT$177.183 billion (US$5.91 billion).

The market was down across all major sectors, in particular electronics shares, which finished down 1.99 percent from Thursday's close.

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest wafer foundry and a chip supplier to Apple Inc., closed 1.85 percent lower to end at NT$292.00.    [FULL  STORY]

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