Taipei, Oct. 15 (CNA) Shares in Taiwan moved sharply higher Friday, closing above the 16,700-point mark, led by Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker.
The TAIEX yesterday closed above 16,700 points, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker.
The benchmark index closed up 393.91 points, or 2.40 percent, at the day’s high of 16,781.19. Turnover was NT$283.979 billion (US$10.13 billion).
The market drew support from strong buying of technology stocks, after TSMC posted a higher-than-expected profit in the third quarter and upgraded its outlook at an investor conference on Thursday.
All of the major stock categories, except the textiles sector, gained ground, with mechanical and electronics shares scoring the highest gains.
Semiconductor shares accounted for nearly 40 percent of total turnover, while
Taipei, Oct. 8 (CNA) Shares in Taiwan closed lower Friday as investors acted cautiously ahead of a long weekend and sold shares to profit from early gains, dealers said.
The TAIEX closed lower yesterday as investors acted cautiously ahead of the Double Ten National Day long weekend and sold shares to profit from early gains, dealers said.
Stocks across every sector faced downward pressure after an early upturn, but some large-cap stocks, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), encountered late buying to limit the broader market’s losses, they said.
The TAIEX closed down 73.43 points, or 0.44 percent, at 16,640.43. Turnover totaled NT$271.032 billion (US$9.66 billion).
Selling, focused particularly on steel and shipping stocks, soon set in to push the benchmark index into negative territory.
“Compared with other regional markets,
Taipei, Oct. 1 (CNA) Shares in Taiwan moved sharply lower Friday as investors reacted to plunges on U.S. markets and rushed to cut their holdings in large cap stocks, dealers said.