Taipei, Jan. 24 (CNA) Shares in Taiwan recovered from an early sell-off to end moderately higher Monday as the bellwether electronics sector staged a technical rebound, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.
The TAIEX yesterday recovered from an early sell-off to close moderately higher as the bellwether electronics sector staged a technical rebound led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), dealers said.
Investors were worried about the possibility of the US Federal Reserve raising interest rates and reducing its balance sheet, but the rebound was limited by fears of holding shares to avoid losses from negative leads during the Lunar New Year holiday, they said.
Helped by bargain hunting, major shipping stocks rebounded, while some petrochemical stocks received a boost from a spike in crude oil prices amid growing tensions in
Taipei, Jan. 7 (CNA) Shares in Taiwan moved sharply lower to close below the 18,200 point mark Friday as the bellwether electronics sector faced further selling with investors locking in gains built earlier in the week.
Taipei, Dec. 20 (CNA) Shares in Taiwan closed lower Monday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) came under heavy pressure, contributing significantly to the broader market falling by more than 140 points, according to dealers.
Market watchers said they were positive about the performance of local equities after all four referendum items were on Saturday rejected by a narrow margin, which helped clear uncertainty in the market over the government’s economic policies.
Although President Tsai Ing-wen’s (蔡英文) administration would be able to continue its policies on pork imports and energy transition following the vote, stock market movement still depends on corporate earnings and the nation’s economic fundamentals, analysts said.
Despite a low turnout, voters rejected four referendum questions which asked whether to ban imports of pork containing traces of the leanness-enhancing additive ractopamine, relocate a liquefied natural