Local bourse closes lower but ends above 9,000-point levelTAIPEI -- Shares in Taiwan closed lower Wednesday, apparently affected by weak performance of large-cap electronics stocks and the financial sector, but the market's benchmark index remained above the 9,000-point mark, dealers said. Cathay Financial Holding Co., (國泰金) dropped 1.2 percent to end at NT$36.85, Fubon Financial Holding Co. (富邦金) fell 0.6 percent to finish at NT$40, and CTBC Financial Holding Co. (中國信託) lost 0.5 percent to finish at NT$18.15. The market opened at 9,013.52 and dropped below the 9,000-point level at one point, but recovered later in the session. The weighted index on the Taiwan Stock Exchange closed down 27.19 points, or 0.30 percent, at 9,007.68, off an early low of 8,969.19, on turnover of NT$93.647 billion (US$2.92 billion). US Dollar Closes Higher on Taipei ForexThe U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.06 to close at NT$32.051.

Source: The China Post July 20, 2016 17:48 UTC