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TAIEX rises despite local outbreak as shares of container shippers climb SURGE: Transactions in the shipping sub-index made up 37 percent of all transactions, which an investor said indicated a shaky structure of market participants By Kao Shih-ching / Staff reporter The TAIEX yesterday gained 0.22 percent to 16,338.29 points, despite rising numbers of locally transmitted COVID-19 cases in the nation over the weekend. “The surging cases weighed on the stock market, but it was offset by investors’ passion for container shipping stocks, given strong freight rates and local shippers’ rosy profits last quarter,” Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) said by telephone. ....