Taiwanese share prices closed down 0.73 percent yesterday on poor market sentiment led by weakness in the domestic economy, dealers said.
The weighted index fell 33.05 points to 4,502.74, off a low of 4,472.45 and a high of 4,546.71, on turnover of NT$59.56 billion (US$1.80 billion).
Losers led gainers by 760 to 747 with 246 stocks unchanged.
For the week, the weighted index fell 88.48 points or 1.93 percent after a 3.75 percent rise a week earlier. Average daily turnover stood at NT$76.18 billion, compared with NT$42.38 billion.
The market yesterday opened down 0.46 percent on follow-through selling from Thursday’s 5.3 percent plunge and once fell below the key 4,500 point level as the disappointing export data for last month dragged down confidence, dealers said.
However, bargain hunting then helped the broader market to hold itself above 4,500 points before closing, they said.
“Investors used December’s record 41.9 percent year-on-year decline in exports as evidence to worry,” Capital Securities (群益證券) analyst Chen Yu-yu (陳育娛) said.
“Moreover, an unexpected 50-basis point interest rate cut by the central bank Wednesday further raised fears that the local economy is worse than expected,” Chen said.
Dealers said the export-oriented electronic sector was hard hit by worries about its bottom line amid deteriorating global consumption.
Chen said the market had turned technically weak after Thursday’s heavy losses.
“That’s why the market failed to stage a rebound today. I expect the weakness will continue into the next few trading sessions,” Chen said.
Bologna on Thursday advanced past Empoli to reach their first Coppa Italia final in more than half a century. Thijs Dallinga’s 87th-minute header earned Bologna a 2-1 win and his side advanced 5-1 on aggregate. Giovanni Fabbian opened the scoring for Bologna with a header seven minutes in. Then Viktor Kovalenko equalized for Empoli in the 30th minute by turning in a rebound to finish off a counterattack. Bologna won the first leg 3-0. In the May 14 final in Rome, Bologna are to face AC Milan, who eliminated city rivals Inter 4-1 on aggregate following a 3-0 win on Wednesday. Bologna last reached the
If the Wild finally break through and win their first playoff series in a decade, Minnesota’s top line likely will be the reason. They were all over the Golden Knights through the first two games of their NHL Western Conference quarter-finals series, which was 1-1 going back to Minnesota for Game 3 today. The Wild tied the series with a 5-2 win on Tuesday. Matt Boldy had three goals and an assist in the first two games, while Kirill Kaprizov produced two goals and three assists. Joel Eriksson Ek, who centers the line, has yet to get on the scoresheet. “I think the biggest
From a commemorative jersey to a stadium in his name, Argentine soccer organizers are planning a slew of tributes to their late “Captain” Pope Francis, eulogized as the ultimate team player. Tributes to the Argentine pontiff, a lifelong lover of the game, who died on Monday at the age of 88, have been peppered with soccer metaphors in his homeland. “Francisco. What a player,” the Argentine Football Federation (AFA) said, describing the first pope from Latin America and the southern hemisphere as a generational talent who “never hogged the ball” and who showed the world “the importance of having an Argentine captain,
Noelvi Marte on Sunday had seven RBIs and hit his first career grand slam with a drive off infielder Jorge Mateo, while Austin Wynn had a career-high six RBIs as the Cincinnati Reds scored their most runs in 26 years in a 24-2 rout of the Baltimore Orioles. Marte finished with five hits, including his eighth-inning homer off Mateo. Wynn hit a three-run homer in the ninth off catcher Gary Sanchez. Cincinnati scored its most runs since a 24-12 win against the Colorado Rockies on May 19, 1999, and finished with 25 hits. Baltimore allowed its most runs since a 30-3 loss to