Focus Taiwan
Date: 2016/07/13
By: Tien Yu-bin and Lilian Wu
Taipei, July 13 (CNA) Shares in Taiwan opened high Wednesday on the strength of the U.S. stock market, but lost momentum until near the end of the trading session when the bourse rebounded to close 0.18 percent higher.
Share prices weakened after the opening as investors pocketed profits and became more cautious in mid-session.
The weighted index on the Taiwan Stock Exchange (TWSE) ended up 16.29 points, or 0.18 percent, to close at 8,857.75 points. It recorded a high of 8,865.42 points and a low of 8,800.17, while turnover totaled NT$97.28 billion (US$3.02 billion) during the session.
In the electronics sector, large-cap electronics stocks fell, including Taiwan Semiconductor Manufacturing Co. (台積電), which closed 1.46 percent lower at NT$168.5. [FULL STORY]