Taiwan Weighted Index Drops 1.62% on Sector Weakness

Market Closes with Significant Decline

Taiwan's stock market concluded the trading session on a negative note, with the Taiwan Weighted index experiencing a significant drop. The benchmark index fell by 1.62%, reflecting broader market pressure and specific sector-driven losses.

Sector Performance and Key Movers

The decline was primarily led by losses in the Electricity and Other Electronic sectors. Despite the overall market downturn, several companies posted strong gains. Episil-Precision Inc (TW:3016) was a top performer, surging 10.00% to close at 72.60. Zyxel Group Corp (TW:3704) followed, adding 9.99%.

Conversely, the session's worst performers included Favite Inc (TW:3535), which fell 9.96% to 104.00, and Elite Semiconductor Memory Technology Inc (TW:3006), declining 9.87% to end the day at 137.00.

Market Summary

The session highlighted a clear divergence in performance across individual stocks even as major sectors pulled the main index lower. The market sentiment was bearish, with falling stocks significantly outnumbering advancing ones, indicating widespread selling pressure across the exchange.

FAQ

Q: What was the primary reason for the Taiwan Weighted index decline?
A: The decline was mainly driven by losses in the Electricity and Other Electronic sectors.

Q: How much did the Taiwan Weighted index fall?
A: The index lost 1.62% by the close of trade.

Q: Which company was a top performer during the session?
A: Episil-Precision Inc (TW:3016) was one of the best performers, with its shares rising by 10.00%.

Source: Investing.com