TWSE Falls to Lowest Point Since January

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copyright Ken Teegardin, www.SeniorLiving.Org

The Taiwan Stock Exchange ended the day down 207.89 points to 9348.63. It fell below 9400 for the first time in over five months, reaching its lowest point since January 22, according to Apple Daily.

Whether the market recovers to end the week depends on news this evening, including U.S. employment data, a debt bailout agreement for Greece, and the results of the OPEC meeting and subsequent oil price changes.

Hon Hai Precision Industry Co., Ltd. ended the day down 2.58%, while Taiwan Semiconductor Manufacturing Co. Ltd. and D-Link Corp. both fell 1.4%. Shares of EVA Airways Corp. were down 1.97%, while Quanta Computers was down 1.47%. MediaTek Inc. fell 1.71% and Advanced Semiconductor Engineering Inc. fell 2.7%.

Zhan Wennan (詹文男), senior industry consultant and director at Market Intelligence & Consulting Institute, stated at the 5th Cross-strait Industrial Cooperation Forum in Kunshan, Jiangsu Province, China, this morning that China and Taiwan need to expand cooperation in the fields of R&D and brand building to improve innovation, UDN reported. He added cooperation was not successful in the past, and he hopes that both sides can avoid such failure in the semiconductor industry as it experienced in the panel industry.

 

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