Taiwan shares end up after recouping earlier losses on COVID
05/24/2021 06:10 PM
CNA file photo
Taipei, May 24 (CNA) Shares in Taiwan closed slightly higher Monday after recovering losses caused by fears over an escalation of domestically transmitted COVID-19 cases reported over the weekend, dealers said.
Buying in select old economy stocks, in particular in the shipping and textile sectors, continued on the back of growing global demand, while the bellwether electronics sector climbed out of its earlier weakness, giving additional support to the broader market, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 36.23 points, or 0.22 percent, at 16,338.29, after moving between 16,136.97 and 16,397.59. Turnover totaled NT$422.97 billion (US$15.16 billion).
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TAIPEI Taiwan stocks closed 3% lower on Monday even as the premier sought to reassure that the island’s economic fundamentals were good, with demand for export orders strong and production activities normal.
A sudden surge in domestic COVID-19 infections, more than 700 over the past week, and Saturday’s raising of restrictions in the capital Taipei, have spooked a population that had become used to life carrying on almost as normal with the pandemic previously well under control.
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(Adds reinstatement of travel restrictions)
TAIPEI, May 17 (Reuters) - Taiwan stocks closed 3% lower on Monday even as the premier sought to reassure that the island’s economic fundamentals were good, with demand for export orders strong and production activities normal.
A sudden surge in domestic COVID-19 infections, more than 700 over the past week, and Saturday’s raising of restrictions in the capital Taipei, have spooked a population that had become used to life carrying on almost as normal with the pandemic previously well under control.
The government has repeatedly tried to reassure people that the economy remains strong and there is no undue cause for alarm, even amid volatility and sharp falls in the stock market.
Taiwan shares plunge amid surge in COVID-19 cases
05/17/2021 06:05 PM
CNA file photo
Taipei, May 17 (CNA) Shares across the board in Taiwan took a beating Monday as fears mounted over a surge in COVID-19 cases and the imposition of restrictions on people s movements and business activity.
Both tech and non-tech sector stocks came under heavy pressure, while buying emerged in select biotech stocks and food suppliers on hopes that the disease will push up their sales, dealers said.
The Taiex, the Taiwan Stock Exchange s weighted index, ended down 473.20 points, or 2.99 percent, at 15,353.89, after moving between 15,159.86 and 15,719.74. Turnover totaled NT$480.19 billion (US$17.12 billion).
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