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Taiwan shares end at record high - Focus Taiwan
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Taiwan shares end higher on technical rebound
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Taiwan shares end down on large cap tech stock losses
03/17/2021 05:26 PM
CNA file photo
Taipei, March 17 (CNA) Shares in Taiwan moved lower Wednesday as tech heavyweights, in particular in the semiconductor sector, came under downward pressure, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.
Concerns over the market s future movement have been on the rise as market sentiment has been hurt in the wake of a large number of short-position futures contracts held by foreign institutional investors, indicating more selling in the spot market, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 97.34 points, or 0.6 percent, at 16,215.82, after moving between 16,166.35 and 16,349.21. Turnover totaled NT$311.2 billion (US$10.99 billion).
Taiwan Business Quick Take
Tech hit by lower sentiment
The TAIEX yesterday moved lower as tech heavyweights, especially in the semiconductor sector, came under downward pressure, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電). Concerns over the market’s future have increased as market sentiment has been hurt as foreign institutional investors hold a large number of short-term futures contracts, indicating more selling on the spot market, dealers said. The TAIEX ended down 97.34 points, or 0.6 percent, at 16,215.82. Turnover totaled NT$311.224 billion (US$11 billion). Foreign institutional investors sold a net NT$12.93 billion of shares on the main board, Taiwan Stock Exchange data showed.
Taiwan shares end higher on U.S. rally
03/12/2021 07:38 PM
CNA file photo
Taipei, March 12 (CNA) Shares in Taiwan extended their momentum from a session earlier to close above the 16,200-point mark Friday following a rally on American markets, dealers said.
The gains were capped by the end of the session, however, as some investors decided to pocket their gains, especially in large cap tech stocks amid lingering concerns over U.S. Treasury yields, they said.
The Taiex, the Taiwan Stock Exchange s main weighted index, ended up 75.62 points, or 0.47 percent, at 16,255.18, after moving between 16,166.35 and 16,298.03. Turnover was NT$297.96 billion (US$10.59 billion).
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