Taiwan shares end above 17,000 points
04/15/2021 06:32 PM
CNA file photo
Taipei, April 15 (CNA) Shares in Taiwan rose sharply Thursday by more than 200 points to close above the 17,000 mark, as investors ignored the mixed U.S. markets overnight, dealers said.
Buying was seen across the board, with large-cap tech stocks gaining momentum in late trading and old economy and financial stocks attracting buying amid optimism about a cyclical recovery, dealers said.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended up 210.76 points, or 1.25 percent, at 17,076.73, after moving between 16,851.06 and 17,076.73. Turnover totaled NT$360.96 billion (US$12.7 billion).
The market opened down 0.09 percent at the day s low, in the wake of a mixed U.S. market, where the Dow Jones Industrial Average gained a modest 0.16 percent and the tech-heavy Nasdaq dropped 0.99 percent Wednesday, dealers said.
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E.Sun rated best in Taiwan in Sustainalytics ESG Risk Ratings
Staff writer
Sustainalytics, a world-leading environmental, social and governance (ESG) research institution, has assigned an ESG rating to E.Sun Financial Holding Co (玉山金控).
In the latest Sustainalytics ESG Risk Ratings, E.Sun was ranked first in Asia and second worldwide among 386 companies in the “diversified banks” industry.
This is one of the best performances of any Taiwanese bank in international ESG evaluations.
E.Sun Financial Holding Co president Magi Chen, fifth left, E.Sun Commercial Bank chairman Joseph Huang, fifth right, and other company staff pose in an undated photograph.
Taiwan shares end higher but off early high
03/10/2021 04:49 PM
CNA file photo
Taipei, March 10 (CNA) Shares in Taiwan closed higher but came off an earlier high Wednesday as investors locked in profits ahead of stiff technical resistance at around 16,000 points, dealers said.
Large cap semiconductor stocks suffered more obvious profit-taking during the session, while buying continued to rotate to the old economy and financial sectors to give the broader market a boost, they said.
The Taiex, the weighted index of the Taiwan Stock Exchange (TWSE), ended up 58.58 points, or 0.37 percent, at 15,911.67, after moving between 15,857.32 and 15,986.07. Turnover totaled NT$260.01 billion (US$9.17 billion).
Taiwan shares dive below 16,300 points, led by tech stocks
02/24/2021 06:43 PM
CNA file photo
Taipei, Feb. 24 (CNA) Shares in Taiwan took a beating Wednesday, closing below the 16,300-point mark, as the semiconductor sector and other tech stocks followed a downturn of their counterparts in the United States, dealers said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock on the local market, led the tech sector s losses, while large-cap old economy stocks weakened after showing some resilience the previous day, dealers said.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended down 230.87 points, or 1.40 percent, at the day s low of 16,212.53, after hitting a high of 16,456.94. Turnover stood at NT$382.96 billion (US$13.78 billion).