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Taiwan shares jump more than 200 points to end at record high

Taiwan shares jump more than 200 points to end at record high
focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.

Taiwan shares rise 1 62%, led by large cap stocks

Taiwan shares rise 1.62%, led by large cap stocks 05/28/2021 05:25 PM CNA file photo Taipei, May 28 (CNA) Shares in Taiwan moved sharply higher to close above 16,800-point mark Friday as large cap stocks across the board regained their footing in a strong technical rebound after showing weakness a session earlier, dealers said. A 0.58 percent gain in the Philadelphia Semiconductor Index overnight helped the bellwether electronics sector, and interest was also strong in raw material stocks, especially the steel sector, on hopes that strong demand will push profits higher, they said. The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 269.25 points, or 1.62 percent, at 16,870.86, after moving between 16,690.04 and 16,889.01. Turnover totaled NT$493.93 billion (US$17.78 billion).

Taiwan shares close slightly up in consolidation mode

Taiwan shares close slightly up in consolidation mode 05/26/2021 04:54 PM CNA file photo Taipei, May 26 (CNA) Shares in Taiwan moved in consolidation mode, ending slightly higher Wednesday after lackluster performance on U.S. markets overnight, dealers said. After a surge the previous day, many tech heavyweights paused to limit the movement of the broader market, while buying rotated to select old economy stocks, giving support to the main board, the dealers said. The Taiex, the weighted index on the Taiwan Stock Exchange, ended up 48.02 points, or 0.29 percent, at 16,643.69, after moving between 16,523.23 and 16,706.29. Turnover totaled NT$425.76 billion (US$15.32 billion). The market opened up 0.30 percent as the bellwether electronics sector continued from Tuesday s momentum to move higher, but with the Taiex breaching the 16,700-point mark at one point, selling followed to erode the earlier gains, the dealers said.

Taiwan shares end almost flat as old economy stocks weather pressure

Taiwan shares end almost flat as old economy stocks weather pressure
focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.

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