AGL 39.12 Decreased By ▼ -0.88 (-2.2%)
AIRLINK 128.50 Decreased By ▼ -0.56 (-0.43%)
BOP 6.78 Increased By ▲ 0.03 (0.44%)
CNERGY 4.66 Increased By ▲ 0.17 (3.79%)
DCL 8.49 Decreased By ▼ -0.06 (-0.7%)
DFML 41.01 Increased By ▲ 0.19 (0.47%)
DGKC 82.25 Increased By ▲ 1.29 (1.59%)
FCCL 33.19 Increased By ▲ 0.42 (1.28%)
FFBL 73.50 Decreased By ▼ -0.93 (-1.25%)
FFL 11.80 Increased By ▲ 0.06 (0.51%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.25 Increased By ▲ 0.50 (3.64%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 7.63 Decreased By ▼ -0.09 (-1.17%)
MLCF 39.11 Increased By ▲ 0.51 (1.32%)
NBP 63.48 Decreased By ▼ -0.03 (-0.05%)
OGDC 192.70 Decreased By ▼ -1.99 (-1.02%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 153.39 Decreased By ▼ -2.06 (-1.33%)
PRL 25.40 Decreased By ▼ -0.39 (-1.51%)
PTC 17.26 Decreased By ▼ -0.24 (-1.37%)
SEARL 77.95 Decreased By ▼ -0.70 (-0.89%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.35 Decreased By ▼ -0.38 (-1.13%)
TPLP 8.34 Decreased By ▼ -0.06 (-0.71%)
TREET 16.36 Increased By ▲ 0.09 (0.55%)
TRG 56.62 Decreased By ▼ -1.60 (-2.75%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,475 Increased By 30.2 (0.29%)
BR30 31,004 Decreased By -185.9 (-0.6%)
KSE100 98,052 Increased By 253.5 (0.26%)
KSE30 30,585 Increased By 104 (0.34%)

Taiwan stocks closed 0.05 percent lower on Tuesday, dragged down by TSMC and other major technology shares as investors worried that they could be overbought after the market's recent run-up to an 18-month high. The main TAIEX share index closed down 3.66 points at 8,053.83, even after the Taiwan government released a positive November leading indicators index, which rose for a 10th straight month.
Turnover dropped to T$132.4 billion ($4.1 billion) from T$139.6 billion in the previous session. "Taiwan stocks have risen for a few days and are now taking a breather as worries about them being overbought dawn upon investors," said Ernest Chiang, fund manager with IBT Asset Management.
TSMC, the world's largest contract chip maker, fell 0.63 percent, while rival UMC rose 0.3 percent. The semiconductor sub-index was 0.04 percent higher. Hon Hai Precision Industry, the island's biggest electronics parts maker, was unchanged. Quanta, the world's largest contract laptop PC maker, slid 1.42 percent. The broader electronics sub-index was up 0.13 percent.
Fubon Financial edged down 0.39 percent, while rival Chinatrust Financial fell 0.51 percent, with the broader financial sub-index 0.41 percent lower. Chi Mei Optoelectronics jumped 2.3 percent on a newspaper report that the island's No 2 LCD maker, which has announced a merger with Innolux, secured orders from South Korea's Samsung Electronics to supply LED-lite LCD panels and assemble LED TVs. The optoelectronics sub-index rose 0.49 percent. Tourism shares also bucked the trend. Ambassador Hotel climbed 0.64 percent and Leofoo Development Co gained 1.27 percent, with the tourism sub-index up 0.72 percent.

Copyright Reuters, 2009

Comments

Comments are closed.