Taipei, July 2 (CNA) Shares in Taiwan moved lower by almost 180 points on Tuesday as investors rushed to lock in their gains largely accumulated by the bellwether electronics sector.
Out of the major tech stocks, iPhone assembler Hon Hai Precision Industry Co. led the downturn as the stock failed to return to its prior ex-dividend level.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 179.20 points, or 0.78 percent, at 22,879.37 after moving between 22,833.78 and 23,041.90. Turnover totaled NT$480.89 billion (US$14.77 billion).
The market opened down 0.20 percent and soon entered a period of volatility around…
