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Taiwan shares plunge amid surge in COVID-19 cases


Taiwan shares plunge amid surge in COVID-19 cases
05/17/2021 06:05 PM
CNA file photo
Taipei, May 17 (CNA) Shares across the board in Taiwan took a beating Monday as fears mounted over a surge in COVID-19 cases and the imposition of restrictions on people s movements and business activity.
Both tech and non-tech sector stocks came under heavy pressure, while buying emerged in select biotech stocks and food suppliers on hopes that the disease will push up their sales, dealers said.
The Taiex, the Taiwan Stock Exchange s weighted index, ended down 473.20 points, or 2.99 percent, at 15,353.89, after moving between 15,159.86 and 15,719.74. Turnover totaled NT$480.19 billion (US$17.12 billion). ....

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Taiwan shares end lower off early low


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. ....

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