Stock Market

Taiwan stocks closed 0.34 percent lower on Wednesday after reaching a 19-month intraday high on Tuesday, dragged by technology heavyweights including Acer on concerns that they had been overbought after recent gains. The main TAIEX share index ended down 28.07 points at 8,220.93, the lowest close since January 13. Turnover dropped to T$141 billion ($4.4 billion) from T$157.8 billion in the previous session.