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Reading: Taiwan shares end lower as earlier gains eroded
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Econo Asia™ > Blog > News > Markets > Taiwan Stock Exchange (TWSE) > Taiwan shares end lower as earlier gains eroded
Taiwan Stock Exchange (TWSE)

Taiwan shares end lower as earlier gains eroded

NEWSROOM
Last updated: 2024/04/16 at 4:33 PM
By NEWSROOM 1 Min Read
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Taipei, April 1 (CNA) Shares in Taiwan closed lower Monday as investors shifted to the sell side, taking advantage of the main board’s earlier upturn after a rally in afterhours trading on the U.S. markets, dealers said.

While investors still embrace high hopes that the U.S. Federal Reserve will start a rate cut cycle in June, the bellwether electronics sector encountered profit taking Monday after a strong showing in the first quarter of the year, pushing the main board above the 20,000 point mark, dealers added.

The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 72.12 points, or 0.36 percent, at 20,222.33 after…



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TAGGED: ai, Asian stocks, Fed, NewsArticle, PCE, rallies, rate cut cycle, Taiex, Taiwan, Taiwan Stock, TSMC, TWSE
NEWSROOM April 16, 2024 April 16, 2024
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