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Taiwan stocks lower at close of trade; Taiwan Weighted down 1.66%

Published 03/23/2018, 02:45 AM
© Reuters.  Taiwan stocks lower at close of trade; Taiwan Weighted down 1.66%
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TOPI
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Investing.com – Taiwan stocks were lower after the close on Friday, as losses in the , Optoelectronic and Paper & Pulp sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted lost 1.66%.

The best performers of the session on the Taiwan Weighted were Coland Holdings Ltd (TW:4144), which rose 10.00% or 4.50 points to trade at 49.50 at the close. Meanwhile, Reward Wool Industry Corp (TW:1423) added 9.99% or 0.83 points to end at 9.14 and Young Fast Optoelectronics Co Ltd (TW:3622) was up 9.97% or 1.80 points to 19.85 in late trade.

The worst performers of the session were Shih Wei Navigation Co Ltd (TW:5608), which fell 9.13% or 0.72 points to trade at 7.17 at the close. Mospec Semiconductor Corp (TW:2434) declined 8.27% or 1.75 points to end at 19.40 and Darwin Precisions Corp (TW:6120) was down 7.87% or 2.05 points to 24.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 756 to 114 and 44 ended unchanged.

Shares in Coland Holdings Ltd (TW:4144) rose to 52-week highs; rising 10.00% or 4.50 to 49.50. Shares in Shih Wei Navigation Co Ltd (TW:5608) fell to all time lows; down 9.13% or 0.72 to 7.17. Shares in Reward Wool Industry Corp (TW:1423) rose to 5-year highs; up 9.99% or 0.83 to 9.14.

Crude oil for May delivery was up 1.18% or 0.76 to $65.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 0.96% or 0.66 to hit $69.57 a barrel, while the April Gold Futures contract rose 1.16% or 15.40 to trade at $1342.80 a troy ounce.

USD/TWD was down 0.08% to 29.169, while TWD/CNY rose 0.14% to 0.2172.

The US Dollar Index Futures was down 0.34% at 89.17.

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