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Taiwan shares soar to end above 20,500 points on U S rallies
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Taiwan shares end up higher led by nontech stocks
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Taiwan shares end above 19,900 points as Hon Hai surges
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Taiwan shares surge to end above 14,300 points, led by tech sector
12/16/2020 06:04 PM
CNA file photo
Taipei, Dec. 16 (CNA) Shares in Taiwan moved sharply higher with buying seen across the board Wednesday as local investors took their cue from solid gains posted on U.S. markets overnight, amid optimism over the passage of the next stimulus package by lawmakers to address the economic impact of COVID-19, dealers said.
Buying in the local bellwether electronics sector increased, driving up the broader market on the back of an all-time high posted by the tech-heavy Nasdaq index on Tuesday, they said.
The weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex ended up 235.94 points, or 1.68 percent, at 14,304.46, after moving between 14,145.24 and 14,339.50, on turnover of NT$249.93 billion (US$8.89 billion).