Taiwan shares lower at close of trade; Taiwan Weighted down 0.90%

Taiwan shares lower at close of trade; Taiwan Weighted down 0.90%

Investing.com  | Jan 24, 2018 06:50

Taiwan shares lower at close of trade; Taiwan Weighted down 0.90%

Investing.com – Taiwan equities were lower at the close on Wednesday, as losses in the , Semiconductor and Electronics sectors propelled shares lower.

At the close in Taiwan, the Taiwan Weighted declined 0.90%.

The biggest gainers of the session on the Taiwan Weighted were Faraday Technology Corp (TW:3035), which rose 9.98% or 6.20 points to trade at 68.30 at the close. CMC Magnetics Corp (TW:2323) added 9.96% or 0.480 points to end at 5.300 and Falcon Power Co Ltd (TW:1516) was up 9.92% or 1.80 points to 19.95 in late trade.

Biggest losers included Solytech Enterprise Corp (TW:1471), which lost 7.36% or 0.69 points to trade at 8.68 in late trade. Airtac International Group (TW:1590) declined 4.72% or 23.50 points to end at 474.50 and LARGAN Precision Co Ltd (TW:3008) shed 4.41% or 175.00 points to 3790.00.

Advancing stocks outnumbered falling ones by 394 to 385 and 115 ended unchanged on the Taiwan Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.05% or 0.03 to $64.50 a barrel. Meanwhile, Brent oil for delivery in March fell 0.14% or 0.10 to hit $69.86 a barrel, while the February Gold Futures contract rose 0.44% or 5.90 to trade at $1342.60 a troy ounce.

USD/TWD was up 0.13% to 29.263, while TWD/CNY fell 0.05% to 0.2196.

The US Dollar Index Futures was down 0.14% at 89.75.

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