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Taiwan shares soar to breach 14,300 points, recovering from early loss
12/21/2020 05:40 PM
CNA file photo
Taipei, Dec. 21 (CNA) Shares in Taiwan move higher by more than 100 points to close above the 14,300 point mark Monday after bargain hunting helped the main board recover from its earlier losses, dealers said.
Buying focused on large cap tech stocks, in particular in the semiconductor industry, on the back of solid global demand, while select old economy stocks including petrochemical firms also rode the buying wave to push the broader market even higher, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), or the Taiex, ended up 135.00 points, or 0.95 percent at the day s high of 14,384.96, off a low of 14,166.89, on turnover of NT$250.02 billion (US$8.90 billion).