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Taiwan shares hit historic high on global economic recovery optimism 07/05/2021 11:30 AM CNA file photo Taipei, July 5 (CNA) Taiwan shares moved higher on Monday as market sentiment was boosted by the all-time highs on the U.S. markets at the end of last week due to hopes of a global economic recovery at a time when many economies around the world reopened their businesses, analysts said. Buying largely focused on old economy stocks, pushing up the main board to hit a historical intraday high, dealers said. As of 10:26 a.m., the Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), had risen 194.75 points, or 1.10 percent, to 17,904.90, on turnover of NT$341.87 billion (US$12.21 billion).

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