LINCHPIN: The broader market was unable to escape weakness in the electronics sector following Intel Corp’s lower-than-expected guidance for the second quarter

Taipei Times
Date: Apr 26, 2020
By: Staff writer, with CNA and AP

Local shares on Friday closed slightly lower as the bellwether electronics sector remained in the doldrums after Intel Corp gave lower-than-expected guidance for the second quarter, dealers said.

Lingering concerns over the COVID-19 pandemic were also a factor after the Financial Times cited WHO documents as saying that experimental drug remdesivir did not improve the conditions of COVID-19 patients in a clinical trial in China, they said.

The TAIEX on Friday ended down 19.15 points, or 0.18 percent, at 10,347.36, after moving between 10,324.20 and 10,386.93, on turnover of NT$125.342 billion (US$4.17 billion).

That was a drop of 2.4 percent from a close of 10,597.04 on April 17.    [FULL  STORY]