Taiwan shares close slightly up in consolidation mode
05/26/2021 04:54 PM
CNA file photo
Taipei, May 26 (CNA) Shares in Taiwan moved in consolidation mode, ending slightly higher Wednesday after lackluster performance on U.S. markets overnight, dealers said.
After a surge the previous day, many tech heavyweights paused to limit the movement of the broader market, while buying rotated to select old economy stocks, giving support to the main board, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange, ended up 48.02 points, or 0.29 percent, at 16,643.69, after moving between 16,523.23 and 16,706.29. Turnover totaled NT$425.76 billion (US$15.32 billion).
The market opened up 0.30 percent as the bellwether electronics sector continued from Tuesday s momentum to move higher, but with the Taiex breaching the 16,700-point mark at one point, selling followed to erode the earlier gains, the dealers said.
TAIEX up slightly as interest in tech sector declines
Staff writer, with CNA
Shares in Taiwan moved into consolidation mode yesterday, closing slightly higher after a lackluster overnight performance by US markets.
The TAIEX closed up 48.02 points, or 0.29 percent, at 16,643.69, on turnover of NT$425.761 billion (US$15.3 billion), Taiwan Stock Exchange data showed.
Foreign institutional investors bought a net NT$1.95 billion of shares after a net sell of NT$1.18 billion the previous day.
A person walks past an electronic stock board at a brokerage firm in Taipei in an undated photograph. The TAIEX closed up 48.02 points, or 0.29 percent, at 16,643.69 yesterday as the stock market moved into consolidation mode.
Taiwan shares plunge over 600 points; turnover hits high
05/11/2021 05:29 PM
CNA photo on May 11
Taipei, May 11 (CNA) Shares in Taiwan took a beating Tuesday, led by the bellwether electronics sector, as selling was sparked by a plunge suffered by tech stocks on United States markets overnight, dealers said.
The heavy losses across the board also reflected cautious market sentiment amid escalating worries over an increase in domestically transmitted COVID-19 cases, which prompted the government to tighten its measures to fend off infections by banning large gatherings, the dealers said.
The Taiex, the weighted index on the Taiwan Stock (TWSE), ended down 652.48 points, or 3.79 percent, at 16,583.13, after moving between 16,460.87 and 17,137.19. Turnover totaled NT$714.84 billion (US$25.65 billion), the highest level in history.
TAIEX shares dive 3.79%; turnover highest recorded
HEAVY LOSSES: Concerns about an increase in domestic COVID-19 cases and an overnight plunge in technology stocks in the US caused the sell-offs, local dealers said
Staff writer, with CNA
The TAIEX took a beating yesterday, led by the bellwether electronics sector, as an overnight plunge in technology stocks on US markets sparked selling.
The heavy, across-the-board losses also reflected cautious market sentiment amid worries over an increase in domestically transmitted COVID-19 cases, which prompted the government to tighten its disease prevention measures, including by banning large gatherings, dealers said.
The TAIEX closed down 652.48 points, or 3.79 percent, at 16,583.13. Yesterday’s decline was the third-worst ever, trailing only a plunge of 660.72 points (5.75 percent) on Oct. 11, 2018, and a drop of 696.97 points (6.31 percent) on Jan. 30 last year, Taiwan Stock Exchange
Taiwan shares end lower; tech sector hit hard
05/05/2021 04:37 PM
CNA file photo
Taipei, May 5 (CNA) Shares in Taiwan closed lower Wednesday as investors locked in gains they had built up in electronic shares amid concerns over further volatility in tech stocks on American markets, dealers said.
The semiconductor sector faced heavy downward pressure, dragging the entire tech sector lower, while old economy stocks largely staged a rebound from a day earlier, dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 90.34 points, or 0.53 percent, at the day s low of 16,843.44, off a high of 17,052.20.
Turnover totaled NT$455.13 billion (US$16.27 billion).