Shares in Taiwan closed lower Wednesday as investors were concerned that a possible interest rate hike by the U.S. Federal Reserve will impact markets in Europe and the U.S., dealers said.
The weighted index on the Taiwan Stock Exchange ended down 38.53 points, or 0.43 percent, at 8,902.30, after moving between 8,965.32 and 8,895.85. Turnover totaled NT$84.048 billion (US$2.65 billion) during the session.
Market heavyweights closed mixed, Largan Precision Co. (???), a smartphone camera lens supplier to Apple, gained 2.86 percent to close at NT$3,595.00, while Catcher Technology Corp. (??), a metal casing maker, gained 5.44 percent to end at NT$252.00.
Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the world's largest contract chip maker, shed 0.86 percent to close at NT$173.50, while smartphone brand HTC Corp. (???) lost 4.68 percent to end at NT$75.30.
Hon Hai Precision Industry Co. (??), an assembler of iPhones and iPads for Apple Inc., gained 0.26 percent to close at NT$77.40.
The bellwether electronics sector closed down 0.34 percent.
In the financial sector, which fell 0.50 percent, Fubon Financial Holding Co. (???) dropped 0.67 percent to close at NT$44.50, and Mega Financial Holding Co. (???) ended 0.91 percent lower at NT$21.85.
The textile sector ended up 0.47 percent and the construction sector ended up 0.11 percent.
According to the TWSE, foreign institutional investors sold a net NT$6.887 billion-worth of shares on the main board Wednesday.
Source: Focus Taiwan News Channel