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U S Stocks Remain Mostly Positive After Early Advance
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Taiwan shares soar to new high, led by TSMC
02/17/2021 07:09 PM
CNA photo Feb. 17, 2021
Taipei, Feb. 17 (CNA) Shares in Taiwan moved sharply higher Wednesday, the first trading session after the Lunar New Year holiday, to close at a new high as the market tried to catch up with the strong gains seen in U.S. markets during the break, dealers said.
The bellwether electronics sector was behind the upturn, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which continued higher after a nearly 10 percent rise in its American depositary receipts (ADRs) during the Lunar New Year holiday, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 559.89 points, or 3.54 percent, at 16,362.29, after moving between 16,197.45 and 16,406.78. Turnover was NT$413.18 billion (US$14.75 billion).
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ãTAIPEI TIMESã TAIEX advances 560 points after break
An investor looks at an electronic stock board at a brokerage firm in Taipei yesterday.
Photo: Chen Chih-chu, Taipei Times 2021/02/18 03:00
PROMISING START: Yesterdayâs gain was the second-highest single-day advance in the marketâs history, with global contract chipmaker TSMC again leading the way
/ Staff writer, with CNA
The TAIEX moved sharply higher yesterday, the first trading session after the Lu
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