Taiwan shares end at new high led by non-tech stocks
04/19/2021 05:50 PM
CNA file photo
Taipei, April 19 (CNA) Shares in Taiwan rallied Monday as buying rotated to non-tech stocks, in particular raw material and shipping firms with investors betting on a strong global economic recovery, dealers said.
Interest in old economy and financial stocks offset the downturn suffered by large cap electronics stocks such as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and other semiconductor heavyweights, helping the broader market to close at a record high, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 104.47 points, or 0.61 percent, at 17,263.28, after moving between 17,135.52 and 17,294.15. Turnover totaled NT$440.37 billion (US$15.62 billion).
Taiwan shares dip 0.58% to end below 16,000 on high turnover
01/15/2021 05:51 PM
CNA photo Jan. 15, 2021
Taipei, Jan. 15 (CNA) Shares in Taiwan ended lower Friday, falling below 16,000 on high turnover after the stock market hit a new record during the session.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended down 90.80 points, or 0.58 percent, at 15,616.39 on expanded turnover of NT$433.16 billion (US$15.2 billion).
Boosted by a 6 percent rise overnight by the American depositary receipts (ADR) of Taiwan Semiconductor Manufacturing Company (TSMC), the weighted index soared 334 points at one point, reaching the historical high of 16,041.59 and fluctuating in a wide range of 426.48 points.