Taiwan shares rebound as US rate hike fears ease taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
TAIEX up slightly as interest in tech sector declines
Staff writer, with CNA
Shares in Taiwan moved into consolidation mode yesterday, closing slightly higher after a lackluster overnight performance by US markets.
The TAIEX closed up 48.02 points, or 0.29 percent, at 16,643.69, on turnover of NT$425.761 billion (US$15.3 billion), Taiwan Stock Exchange data showed.
Foreign institutional investors bought a net NT$1.95 billion of shares after a net sell of NT$1.18 billion the previous day.
A person walks past an electronic stock board at a brokerage firm in Taipei in an undated photograph. The TAIEX closed up 48.02 points, or 0.29 percent, at 16,643.69 yesterday as the stock market moved into consolidation mode.
TAIEX shares dive 3.79%; turnover highest recorded
HEAVY LOSSES: Concerns about an increase in domestic COVID-19 cases and an overnight plunge in technology stocks in the US caused the sell-offs, local dealers said
Staff writer, with CNA
The TAIEX took a beating yesterday, led by the bellwether electronics sector, as an overnight plunge in technology stocks on US markets sparked selling.
The heavy, across-the-board losses also reflected cautious market sentiment amid worries over an increase in domestically transmitted COVID-19 cases, which prompted the government to tighten its disease prevention measures, including by banning large gatherings, dealers said.
The TAIEX closed down 652.48 points, or 3.79 percent, at 16,583.13. Yesterday’s decline was the third-worst ever, trailing only a plunge of 660.72 points (5.75 percent) on Oct. 11, 2018, and a drop of 696.97 points (6.31 percent) on Jan. 30 last year, Taiwan Stock Exchange
Taiwan shares end higher in last session of 2020
12/31/2020 05:57 PM
CNA photo Dec. 31, 2020
Taipei, Dec. 31 (CNA) Shares in Taiwan closed higher on Thursday, the last trading session of 2020, registering a rise of 22.8 percent, or 2,735.39 points, for the whole of the year.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, edged up 44.83 points, or 0.31 percent, to reach 14,732.53, on turnover of NT$257.3621 billion (US$9.03 billion). It surged at one point to a record high of 14,760 during the trading session.
Since the COVID-19 pandemic broke out a year ago in China, the domestic stock market has fluctuated sharply, recovering from a low of 8,523.63 in March amid fears over the spread of the virus.
Fears over virus trigger 200-point dive in TAIEX taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.