The TAIEX yesterday moved sharply higher by more than 2 percent to close above 16,600 points, with investors encouraged by strong gains on US markets at the end of last week, dealers said.
The bellwether electronics sector continued its momentum from a session earlier amid eased concerns over inflation in the US following the latest favorable core personal consumption expenditure data, while the financial sector lent more support to the broader market on a strong technical comeback, they said.
The TAIEX closed up 344.40 points, or 2.12 percent, at the day’s high of 16,610.62, the first time the index has closed above