Taipei, June 11 (CNA) Shipping stocks led shares in Taiwan to close down 0.30 percent Tuesday, the first trading session after the Dragon Boat Festival long weekend, dealers said.
Despite the effects of a plunge in freight rates to Europe from China, select tech heavyweights appeared resilient, providing some support to the broader market, dealers added.
The Taiex, the Taiwan Stock Exchange’s (TWSE) weighted index, ended down 66.26 points at the day’s low of 21,792.12 after hitting a high of 22,003.71. Turnover totaled NT$501.53 billion (US$15.49 billion).
The market opened up 0.58 percent and soon topped the 22,000-point mark as contract…
