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Taiwan shares close down 1.74 percent on thin trading

Taiwan shares closed 1.74 percent lower on profit-taking on a thin trading yesterday, dealers said.
The weighted index fell 122.42 points to the day's low of 6,918.48 on turnover of NT$74.07 billion (US$2.36 billion).
Decliners outnumbered advancers 1,711 to 382, with 388 shares unchanged.
A total of 49 shares were limit-down, while four shares limit-up.
Textiles were off 3.94 percent, construction fell 3.6 percent and food dropped 2.01 percent.
The index stayed in negative territory throughout the session.
"Investors chose to sell their stocks, indicating that they were short of confidence," said Young Wang of Yuanta Securities Investment Consulting.
Concerns about an investigation into money-laundering allegations implicating former president Chen Shui-bian and his family also weighed on sentiment.
Taiwan's finance ministry said Wednesday it is investigating the former government's financial reforms, particularly controversial mergers in the overcrowded domestic banking sector.
The probe comes as Chen, who initiated the much-touted reforms, is being investigated in a case of suspected money-laundering that has also ensnared his family.
Taishin Financial Holding was off 2.7 percent to NT$9.35, Chang Hwa Bank fell 3.17 percent to 18.35, Chinatrust Financial shed 3.46 percent to 19.55.
Taiwan Semiconductor Manufacturing Co fell 1.0 percent to 59.40 and peer United Microelectronics Corp was off 1.5 percent to 12.85.


Updated : 2021-06-24 06:11 GMT+08:00