Taiwan shares close down by 0.41 percent


CNA

TAIPEI — Taiwan share prices closed down 0.41 percent yesterday on profit taking from a rally in the previous session, with selling focusing on the bellwether electronics sector, dealers said.

The weighted index fell 34.99 points to the day’s low of 8,344.76, off a high of 8,390.10, on turnover of NT$114.66 billion. The market opened up 0.31 points and rose to the day’s high on follow-through buying in early morning trade, dealers said. Investors turned cautious, however, and started to pocket profits as the index moved closer to strong technical resistance at around 8,400 points, they said. A total of 2,507 stocks closed down, 1,416 rose, and 359 remained unchanged.