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Taiwan shares close up 0.14% (update)

Taiwan shares close up 0.14% (update)

Taiwan shares closed up 11.75 points, or 0.14 percent, at 8,156.96 Monday on turnover of NT$83.23 billion (US$2.50 billion).

Stocks in the local market experienced detrended price oscillation during the day's trading, which continued to reflect the impact of Japan's negative interest rate policy and rises in international stock markets.

Apple concept shares weakened compared with their strong showing last week. Meanwhile, the financial and biotech sectors were in correction declines.

The electronic sector rose 0.25 percent, while the financial sector registered a drop of 0.67 percent.

Among large-cap electronic stocks, Taiwan Semiconductor Manufacturing Co. (TSMC) climbed 1.41 percent to close at NT$144, while Hon Hai Precision Industry Co. rose 1.66 percent to end at NT$79.5.

Smartphone camera lens maker Largan Precision Co. plummeted 6 percent to close at NT$2,350, while integrated circuit designer MediaTek Inc. fell 3.45 percent to NT$210.

In the financial sector, Fubon Financial Holdings Co. rose 0.52 percent to close at NT$38.4, while Cathay Financial Holding Co. dropped 1.6 percent to end at NT$37.

Updated : 2021-06-13 20:21 GMT+08:00