Taiwan shares end below 9,200 points, led by Apple concept stocks

Shares in Taiwan lost momentum and closed below the 9,200-point mark Monday, led by companies in Apple Inc.'s supply chain, in line with a pullback on Wall Street, dealers said.

The four major U.S. stock indexes dropped between 0.57 percent and 1.1 percent Sept. 23, after the iPhone 7 -- Apple's latest smartphone model -- did not sell as well as expected in Europe.

The weighted index on the Taiwan Stock Exchange (TWSE) ended down 90.1 points, or 0.97 percent, at 9,194.52 Monday, after moving between 9,189.49 and 9,229.34. Turnover totaled NT$53.98 billion (US$1.72 billion) during the session.

The shares of all major suppliers to Apple were weak, including Taiwan Semiconductor Manufacturing Co. (TSMC, ???), Largan Precision Co. (???) and Hon Hai Precision Industry Co. (??).

TSMC, which supplies the A10 processor for the iPhone 7, ended down 2.4 percent at NT$183, while Largan, a smartphone camera lens supplier to Apple, finished 1.7 percent lower at NT$3,765.

Hon Hai, an assembler of iPhones and iPads, dropped 1.13 percent to close at NT$78.9, and metal casing producer Catcher Technology Co. (??) lost 3.56 percent to end at NT$257.5

Source: Focus Taiwan News Channel