RTRS:Taiwan stocks slip; airlines down on rising oil prices
Thu May 19, 2011 1:39am EDT
TAIPEI, May 19 (Reuters) - Taiwan stocks erased early gains
and ended 0.58 percent lower on Thursday, with airlines and
shipping companies among the top losers as oil rose for
a second session on an unexpected drop in crude inventories in
the US. [ID:nL4E7GJ0DD]
The main TAIEX index fell 51.96 points to 8,892.88,
after opening flat. It had traded above 9,000 during the
session.
The transport sub-index was down 2.05 percent, while
electronics shares and banking shares dropped
0.5 percent and 0.18 percent respectively.
Touch panel maker TPK ended up 4.7 percent after
agreeing to buy a stake in fellow touch panel part maker Cando
. [ID:nT8E7GG008] Cando rose 10.66 percent on the
secondary market.
?? The Taiwan dollar gained 0.2 percent to T$28.792.
