Taiwan stocks lower at close of trade; Taiwan Weighted down 1.30%

Taiwan stocks lower at close of trade; Taiwan Weighted down 1.30%

May 30, 2018

Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the , Electricity and Auto sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted declined 1.30%.

The best performers of the session on the Taiwan Weighted were Young Optics Inc (TW:3504), which rose 10.00% or 10.50 points to trade at 115.50 at the close. Meanwhile, Mospec Semiconductor Corp (TW:2434) added 10.00% or 1.40 points to end at 15.40 and HannsTouch Solution Inc (TW:3049) was up 9.97% or 0.79 points to 8.71 in late trade.

The worst performers of the session were Airtac International Group (TW:1590), which fell 5.10% or 27.00 points to trade at 502.00 at the close. Yageo Corp (TW:2327) declined 5.05% or 55.00 points to end at 1035.00 and Micro-Star International Co Ltd (TW:2377) was down 4.72% or 6.00 points to 121.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 573 to 247 and 93 ended unchanged.

Shares in Young Optics Inc (TW:3504) rose to 5-year highs; up 10.00% or 10.50 to 115.50.

Crude oil for July delivery was down 0.01% or 0.01 to $66.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.13% or 0.10 to hit $75.39 a barrel, while the June Gold Futures contract fell 0.22% or 2.90 to trade at $1296.10 a troy ounce.

USD/TWD was down 0.06% to 30.050, while TWD/CNY rose 0.56% to 0.2143.

The US Dollar Index Futures was down 0.15% at 94.67.

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