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.
Taiwan shares end down as large cap tech stocks under pressure
12/14/2020 05:07 PM
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Taipei, Dec. 14 (CNA) Shares in Taiwan moved lower Monday as larg cap stocks, in particular in the bellwether electronics sector, came under downward pressure throughout the session, dealers said.
Market sentiment has been hurt by foreign institutional investors cutting their holdings in recent sessions as they prepare to go on vacation for Christmas, dealers said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended down 50.64 points, or 0.36 percent, at 14,211.05, after fluctuating between 14,182.25 and 14,270.34, on turnover of NT$232.38 billion (US$8.24 billion).
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