Taipei--Shares in Taiwan fell by more than 1 percent on Wednesday as investors reacted to losses overnight on markets in the United States to cut their holdings here, dealers said.
Concerns over the delay on a vote on health care legislation sent major U.S. stock indexes lower on Tuesday, with the tech-heavy Nasdaq the biggest loser, dropping 1.61 percent.
In Taipei, the weighted index on the Taiwan Stock Exchange closed down 121.51 points, or 1.16 percent, at 10,390.55, after moving between 10,382.81 and 10,459.17, on turnover of NT$121.18 billion (US$3.99 billion).
The bellwether electronics sector fell 1.18 percent, while fuel and electricity stocks plunged 10.1 percent.
Contract chip maker Taiwan Semiconductor Manufacturing Co. (???) closed 1.42 percent lower at NT$208.5, and contract electronics producer Hon Hai Precision Industry Co. (??) fell 2.88 percent to finish at NT$118.
Smartphone camera lens supplier Largan Precision Co. (???) ended 2.21 percent lower at NT$4,860.
In the fuel and electricity sector, Formosa Petrochemical Corp. (???) closed 5.83 percent lower at the day's low of NT$105.
Foreign institutional investors, who have been instrumental in pushing the Taiex above 10,000 points, were net sellers of NT$1.55 billion in shares on Wednesday.
Source: Focus Taiwan News Channel