TAIPEI, Taiwan – Shares of Asustek Computer Inc (TPE: 2357), globally recognized for its ASUS brand of electronics, experienced a downturn during Wednesday’s trading session on the Taipei Exchange (TPE).
As of 1:30 PM local time (GMT+8) on April 17th, the computer hardware giant’s stock was trading at 543.00 New Taiwan Dollars (TWD). This represented a decrease of 10.00 TWD, or 1.81%, for the day. The current price sits notably below the previous closing price of 553.00 TWD.
The stock opened the day at 546.00 TWD and reached an intraday high of 549.00 TWD shortly after. However, it faced selling pressure, falling to a low of 537.00 TWD mid-morning. Since then, Asustek shares have traded within a relatively tight range, oscillating mostly between 540.00 and 545.00 TWD, unable to reclaim the opening level or the previous day’s close.
Asustek, a major player in the global PC, component, and electronics market, saw its stock price underperform during the session thus far. International investors monitoring the Asian tech sector and supply chain stocks are observing the movement in TPE: 2357.
