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Taiwan stocks lower at close of trade; Taiwan Weighted down 0.60%

Published 07/21/2017, 02:45 AM
© Reuters.  Taiwan stocks lower at close of trade; Taiwan Weighted down 0.60%
TWII
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TINI
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TOPI
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1218
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1475
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1506
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2399
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4919
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6165
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Investing.com – Taiwan stocks were lower after the close on Friday, as losses in the , Communication and Internet and Optoelectronic sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted declined 0.60%.

The best performers of the session on the Taiwan Weighted were Sumagh High Tech Corp (TW:1475), which rose 8.38% or 2.10 points to trade at 27.15 at the close. Meanwhile, Taisun Enterprise Co Ltd (TW:1218) added 6.83% or 1.55 points to end at 24.25 and Nuvoton Technology Corp (TW:4919) was up 5.73% or 3.10 points to 57.20 in late trade.

The worst performers of the session were Jye Tai Precision Industrial Co Ltd (TW:6165), which fell 9.98% or 4.85 points to trade at 43.75 at the close. Right Way Industrial Co Ltd (TW:1506) declined 8.72% or 1.90 points to end at 19.90 and Biostar Microtech International Corp (TW:2399) was down 7.36% or 1.35 points to 17.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 420 to 318 and 138 ended unchanged.

Shares in Sumagh High Tech Corp (TW:1475) rose to 3-years highs; rising 8.38% or 2.10 to 27.15. Shares in Taisun Enterprise Co Ltd (TW:1218) rose to all time highs; gaining 6.83% or 1.55 to 24.25. Shares in Nuvoton Technology Corp (TW:4919) rose to 5-year highs; rising 5.73% or 3.10 to 57.20.

Crude oil for September delivery was down 0.02% or 0.01 to $46.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.04% or 0.02 to hit $49.28 a barrel, while the August Gold Futures contract rose 0.03% or 0.33 to trade at $1245.83 a troy ounce.

USD/TWD was down 0.15% to 30.407, while TWD/CNY rose 0.22% to 0.2251.

The US Dollar Index Futures was down 0.14% at 93.95.

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