Taiwan stocks lower at close of trade; Taiwan Weighted down 1.78%

© Reuters. Taiwan stocks lower at close of trade; Taiwan Weighted down 1.78%© Reuters. Taiwan stocks lower at close of trade; Taiwan Weighted down 1.78%

Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Taiwan, the lost 1.78%.

The best performers of the session on the were FarGlory Hotel Co Ltd (TW:), which rose 8.59% or 3.40 points to trade at 43.00 at the close. Meanwhile, Feng Tay Enterprises Co Ltd (TW:) added 6.84% or 12.00 points to end at 187.50 and Jourdeness Group Ltd (TW:) was up 6.79% or 7.50 points to 118.00 in late trade.

The worst performers of the session were Century Iron And Steel Industrial Co Ltd (TW:), which fell 6.00% or 3.90 points to trade at 61.10 at the close. Pal Wonn Taiwan Co Ltd (TW:) declined 5.96% or 0.95 points to end at 15.00 and Formosa Petrochemical Corp (TW:) was down 5.50% or 6.00 points to 103.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 527 to 279 and 105 ended unchanged.

Shares in FarGlory Hotel Co Ltd (TW:) rose to all time highs; rising 8.59% or 3.40 to 43.00. Shares in Formosa Petrochemical Corp (TW:) fell to 52-week lows; losing 5.50% or 6.00 to 103.00.

Crude oil for February delivery was down 2.12% or 0.97 to $44.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.83% or 0.99 to hit $53.13 a barrel, while the February Gold Futures contract rose 0.60% or 7.75 to trade at $1289.05 a troy ounce.

USD/TWD was up 0.74% to 30.764, while TWD/CNY fell 1.11% to 0.2228.

The US Dollar Index Futures was down 0.29% at 95.417.

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