Taiwan shares end lower off early low
04/28/2021 06:52 PM
CNA file photo
Taipei, April 28 (CNA) Shares in Taiwan closed lower Wednesday in the wake of lackluster U.S. markets overnight, but came off an even earlier low, driven by ample liquidity, dealers said.
The bellwether electronics sector moved lower, led by major semiconductor stocks, while rotational buying bolstered select old economy heavyweights, preventing the broader market from falling further, the dealers said.
Market sentiment remained cautious throughout the session ahead of the outcome of a two-day policy making meeting of the U.S. Federal Reserve due later in the day, the dealers said.