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Taipei, June 2 (CAN) Shares in Taiwan closed little changed Wednesday after investors shifted to the sell side to pocket earlier gains amid fears of a major technical pullback from a recent rebound, dealers said.
Taiwan shares rally on strong tech gains
05/25/2021 05:42 PM
CNA file photo
Taipei, May 25 (CNA) Shares in Taiwan moved sharply higher Tuesday as the bellwether electronics sector steamed ahead, led by large cap semiconductor stocks, in the wake of a rally by their counterparts on the American markets overnight, dealers said.
Buying also rotated to the petrochemical sector, giving additional support to the broader market, while shipping stocks pulled back from their recent strong upturn throughout the session, dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 257.38 points, or 1.58 percent, at 16,595.67, after moving between 16,444.75 and 16,657.60. Turnover totaled NT$527.34 billion (US$18.91 billion).
Taiwan shares rebound, end above 17,200 points
05/07/2021 04:53 PM
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Taipei, May 7 (CNA) Shares in Taiwan continued their momentum from a session earlier to move sharply higher, pushing up the benchmark index on the main board to top the 17,200-point mark, as investors were encouraged by a rally on U.S. markets overnight, dealers said.
The bellwether electronics sector led the upturn in the wake of strong bargain hunting taking advantage of a correction suffered by large tech stocks in the week s previous sessions, while large cap old economy stocks appeared mixed, as market attention focused on their tech counterparts, the dealers said.