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Taiwan Business Quick Take - Taipei Times

EQUITIES
<strong>Virus worries impact TAIEX</strong>
The TAIEX yesterday moved lower to close below 17,000 points, as investors’ concerns over a surge in domestic COVID-19 cases continued. Selling focused on large-cap tech stocks, while cyclical old economy stocks also came under pressure later in the session as investors locked in gains posted in previous sessions, dealers said. The TAIEX ended down 109.99 points, or 0.64 percent, at 16,966.22, while turnover totaled NT$398.405 billion (US$14.348 billion), up from NT$350.72 billion the previous day. Foreign institutional investors sold a net NT$14.97 billion of shares on the market yesterday, Taiwan Stock Exchange data showed.
ELECTRONICS
<strong>Innolux profit ....

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Japanese shares end lower on profit-booking, drugmakers limit losses


By Reuters Staff
2 Min Read
TOKYO, May 31 (Reuters) - Japanese shares closed lower on Monday, as investors locked in gains after a recent rally, although the losses were limited by a positive finish from local drugmakers.
The Nikkei share average ended 0.99% lower at 28,860.08, while the broader Topix fell 1.26% to 1,922.98.
The Nikkei had jumped 2.1% on Friday to close at the 29,000-level for the first time since May 10, while Wall Street finished with marginal gains.
“There aren’t any reasons to buy Japanese stocks at the moment except that the vaccine rollouts are proceeding well. That is helping cap the declines in the session,” said Yutaka Miura, senior technical analyst at Mizuho Securities. ....

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