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Taiwan shares tumble on Greek debt concerns

Taiwan shares tumble on Greek debt concerns

Taipei, June 29 (CNA) Shares in Taiwan took a nosedive Monday as the debt crisis in Greece dragged down the stock markets in Japan, South Korea and China, dealers said. The Greek government has confirmed that banks will be closed all week, following a decision by the European Central Bank not to extend emergency funding. The weighted index on the Taiwan Stock Exchange closed down 226.47 points, or 2.39 percent, at 9,236.10, after moving between 9,227.11 and 9,358.96. Turnover totaled NT$93.33 billion (US$3.01 billion) during the session. Among some of the big losers, the electronics sector fell 2.94 percent, the semiconductor sector 4.14 percent, the optoelectronics sector 3.01 percent, the financial sector 2.11 percent, the glass sector 3.57 percent, and the electrical and machinery sector 2.57 percent. Taiwan Semiconductor Manufacturing Co., the most heavily weighted stock on the local market, ended 2.12 percent lower at NT$138.5. In the financial sector, Fubon Financial Holding Co. dropped 2.79 percent to close at NT$62.7, and Cathay Financial Holding Co. fell 3.1 percent to finish at NT$53.2. Foreign institutional investors sold a net NT$7.11 billion worth of local shares Monday. (By Chang Liang-chih and Y.F. Low)


Updated : 2021-09-23 19:50 GMT+08:00