Taiwan shares end lower as market remains cautious

Taipei--Shares in Taiwan closed lower Monday as cautious sentiment continued to dominate the local stock market, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 26.72 points, or 0.27 percent, at 9,753.2, after moving between 9,817.14 and 9,743.36, on turnover of NT$96.59 billion (US$3.14 billion).

All stock categories fell except for information technology, shipping, fuel and electricity, paper, and semiconductors.

The bellwether electronics sector was relatively quiet, dropping 0.14 percent.

Contract chip maker Taiwan Semiconductor Co. (TSMC,???), the most heavily weighted stock on Taiwan's market, rose 0.26 percent to close at NT$190, while Hon Hai Precision Industry Co. (??), an assembler of iPhones and iPads, closed 0.22 percent higher at NT$90.10.

Largan Precision Co. (???), a smartphone camera lens supplier to Apple Inc., lost 0.11 percent to finish at NT$4,495.

Smartphone maker HTC Corp. soared more than 6 percent to NT$82.50 at one point during Monday's session, as investors were encouraged by news that the HTC Vive virtual reality headset had the top market share in the category in China last year.

HTC finished the session up 1.8 percent at NT$79.10.

Source: Focus Taiwan News Channel