Taipei, Jan. 11 (CNA) Shares in Taiwan closed at a record high Monday after early losses behind a late rally by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) on hopes it will have positive news at its investor conference Thursday, dealers said.
Late TSMC rally boosts TAIEX to a record high
FLUSH WITH CASH: The index has repeatedly hit record highs because of a buildup of liquidity, which has also bolstered tech and petrochemical shares, an analyst said
Staff writer, with CNA
The TAIEX yesterday closed at a record high after early losses were reversed by a late rally in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares on hopes that it will have positive news at its investor conference on Thursday, dealers said.
Other large-cap semiconductor shares also attracted buying late in the session and non-tech heavyweights benefited from strong liquidity, lending further support to the broader market, they said.