Taipei--Shares in Taiwan closed nearly flat Tuesday, with the weighted index falling to below the 9,888-point mark at one point before gains in the electronics sector pulled the index back up for it to close nearly unchanged, dealers said.
The bourse opened in solid trading, with the price of Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the most heavily weighted stock on the local market, surging to a historic high of NT$195 (US$6.45) at one point, the dealers said.
Trading, however, then weakened, dragged down by sluggishness in the electronics and financial sectors. With losses in some large-cap stocks, the weighted index fell to below the 9,800-point mark at one point before being pulled back up by a recovery in electronics shares, they said.
The weighted index on the Taiwan Stock Exchange closed down 0.32 points at 9,876.45, after moving between 9,924.14 and 9,799.28, on turnover of NT$103.03 billion (US$3.41 billion).
The bellwether electronics sector rose 0.1 percent, while the financial sector dropped 0.37 percent.
Among large-cap electronics stocks, smartphone camera lens supplier Largan Precision Co. (???) fell 1.25 percent to end at NT$4,735 per share, while TSMC increased 0.78 percent to close at NT$194.5.
Hon Hai Precision Industry Co. (??), the world's largest contract electronics maker, gained 0.77 percent to finish at NT$91.2, while integrated circuit firm MediaTek Inc. (???) shed 0.45 percent to close at NT$223, and testing services firm Advanced Semiconductor Engineering Inc. (???) rose 0.63 percent to end at NT$39.9.
In the financial sector, CTBC Financial Holding Co. (???) ended 1.06 percent lower at NT$18.65, while Fubon Financial Holding Co. (???) decreased 1.5 percent to close at NT$51, and Cathay Financial Holding Co. (???) slid 0.6 percent to finish at NT$49.7.
Foreign institutional investors bought a net NT$12.157 billion-worth of local shares during the trading session.
Source: Focus Taiwan News Channel