Taiwan shares close down

Taipei- Shares in Taiwan ended down slightly Wednesday after drops in the stock markets in Europe and the United States, dealers said.

The FTSE 100 Index in London fell 1.46 percent on Tuesday after British Prime Minister Theresa May laid out her vision for a clean break from the European Union, while on the same day, U.S. stocks were marred by the shadow of the Jan. 20 inauguration of Donald Trump as president of the United States, the dealers said.

The weighted index of the Taiwan Stock Exchange closed down 12.56 points, or 0.13 percent, at 9,341.97 after fluctuating between 9,350.95 and 9,322.44 during the trading session. Turnover reached NT$76.31 billion (US$2.42 billion).

The electronics sector, however, continued its strong showing from the previous day to register a growth of 0.04 percent, thanks to brilliant performance by Largan Precision Co. (???), a smartphone camera lens supplier to Apple Inc.

Largan's share price surged 1.02 percent to a new high of NT$4,450 on Wednesday.

The growth in the price of the most expensive share in Taiwan's stock market bolstered other optoelectronic stocks, including Genius Electronic Optical (???), which rose by the maximum daily limit to NT$143.

In total, the optoelectronic subcategory rose 1.21 percent in Wednesday's trading.

Source: Focus Taiwan News Channel