However, the weighted index recovered most of its earlier losses after it dropped below the 9,900-point level, which prompted bargain hunters to pick up select market heavyweights until the end of the session, they said. The market fell 0.61 percent to below 10,000 points on opening and continued selling pushed the index further below 9,900 points in the wake of a 372-point dive on Wall Street overnight. “That’s why large-cap stocks, particularly in the bellwether electronics sector, recouped some or even all of their earlier losses, stopping the weighted index from falling further,” he said. “Amid political uncertainty in the US, volatility on Wall Street could continue to affect other markets,” Huang said. The NT dollar fell NT$0.085 to close at NT$30.225 against the US dollar on turnover of US$935 million.

Source: Taipei Times May 18, 2017 17:38 UTC