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Taiwan shares under pressure led by tech stocks

Taiwan shares end down on large cap tech stock losses

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).

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