TAIPEI, Taiwan -- Shares in Taiwan closed lower but remained above the 10,000-point mark on Wednesday as the market resumed trading following the four-day Dragon Boat Festival holiday. The weighted index on the Taiwan Stock Exchange ended the day down 61.23 points, or 0.61 percent, at 10,040.72 before moving between 10,025.88 and 10,116.13 on turnover of NT$122.579 billion (US$4.06 billion). Shares in Taiwan moved higher for four consecutive sessions last week to remain above the 10,000-point mark, before edging lower last Friday ahead of the Dragon Boat Festival holiday. Bucking the downturn on the broader market, shares in the automobile and shipping sectors both rose 1 percent. Foreign institutional investors sold a net NT$5.197 billion worth of shares on the main board on Wednesday, according to the Taiwan Stock Exchange.

Source: The China Post May 31, 2017 10:07 UTC