Taiwan shares extend losses

Shares in Taiwan ended lower Thursday for the fourth consecutive session as cautious sentiment prevailed amid uncertainty over next week's U.S. presidential election, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 71.77 points, or 0.79 percent, at 9,067.27, after moving between 9,154.19 and 9,067.27, on turnover of NT$66.74 billion (US$2.12 billion).

Almost all the major stock categories lost ground, with the electronics, semiconductor and financial sectors falling 0.91 percent, 0.73 percent and 0.67 percent, respectively.

Large-cap stocks remained under heavy selling pressure, with Taiwan Semiconductor Manufacturing Co. (???), the world's largest contract chip maker, dropping 0.81 percent to close at NT$184.5.

Hon Hai Precision Industry Co. (??), the world's largest contract electronics maker, lost 1.09 percent to end at NT$81.7, while Advanced Semiconductor Engineering Inc. (???), the world's bigget integrated circuit packaging and testing services provider, finished 0.82 percent lower at NT$36.3.

Smartphone camera lens supplier Largan Precision Co. (???), the most expensive stock in Taiwan, fell 1.54 percent to close at NT$3,515.

Among the financial stocks, Fubon Financial Holding Co. (???) ended 2.25 percent lower at NT$43.5, Cathay Financial Holding Co. (???) closed down 1.12 percent at NT$39.8, and CTBC Financial Holding Co. lost 0.88 percent to finish at NT$16.9.

Bucking the downtrend, Mega Financial Holding Co. (???) closed 2.33 percent higher at NT$22.

Foreign institutional investors sold a net NT$3.98 billion worth of local shares Thursday.

Source: Focus Taiwan News Channel