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US dollar closes at NT$30.028, market slightly up

TAIPEI, Taiwan -- Shares in Taiwan edged slightly higher in lackluster trading Monday, with the bellwether electronics sector nudging higher and financial stocks ending lower.

The weighted index on the Taiwan Stock Exchange ended up 10.52 points, or 0.11 percent, at 9,390.62, after fluctuating between 9,369.24 and 9,409.35 on turnover of NT$75.5 billion (US$2.52 billion).

Among large-cap stocks in the electronics sector, contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC,台灣積體電路) slid 0.4 percent to close at NT$125, and IC designer MediaTek Inc. (聯發科技) fell 1.5 percent to end at NT$501, but other electronics stalwarts gained ground.

Hon Hai Precision Industry Co. (鴻海精密), the world's largest contract electronics manufacturer, gained 0.4 percent to close at NT$110.50, and DRAM maker Inotera Memories surged 6.7 percent to close at 52.50.

Smartphone camera lens maker Largan Precision Co. (大立光電) rose 0.4 percent to finish the day at NT$2,460, while smartphone maker HTC Corp. (宏達電) gained 5 percent to end at NT$134.50.

Financial shares were relatively weak, with Cathay Financial Holding Co. (國泰金控) slipping 0.2 percent to end at NT$51.80, Fubon Financial Holding Co. (富邦金控) sliding 0.5 percent to close at NT$48.75, and Mega Financial Holding Co. (兆豐金控) closing 1.3 percent lower at NT$25.75.

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