Taiwan shares consolidate,TSMC ends down 0.54%TAIPEI, Taiwan -- Shares in Taiwan closed little changed Thursday as the local main board entered consolidation mode after moving higher to breach 9,200 points a session earlier, dealers said. The weighted index on the Taiwan Stock Exchange ended up 3.82 points, or 0.04 percent, at 9,262.89, after fluctuating between 9,224.89 and 9,273.57, on turnover of NT$76.20 billion (US$2.43 billion). Huang said that the narrow trading range reflected a lack of fresh trading incentives for investors here. TSMC Fell 0.54 PercentContract chip-maker TSMC, the most heavily weighted stock in the local market, fell 0.54 percent to close at NT$183.00, with 30.15 million shares changing hands, after a 2.79 percent increase seen Wednesday, when the stock served as the driver to the gains posted on the broader market. "The new iPhones failed to impress the market, despite an upgrade of its specifications that had been widely anticipated," Huang said.

Source: The China Post September 08, 2016 16:30 UTC