Taipei, Jan. 18 (CNA) Shares in Taiwan recovered almost all of their earlier losses to close slightly lower Monday as bargain hunters turned active to pick up large cap stocks after the main board dipped and came closer to 15,300 points at one point, dealers said.
Taipei, Jan. 13 (CNA) Shares in Taiwan moved sharply higher by more than 260 points to close at a new high on Wednesday, thanks to a surge in the bellwether electronics sector, casting off a slowdown seen a session earlier, in a market awash in liquidity, dealers said.
Taiwan shares end lower, giving up early gains; TSMC up
01/12/2021 04:44 PM
CNA photo Jan. 12, 2020
Taipei, Jan. 12 (CNA) Shares in Taiwan closed lower Tuesday as investors locked in their earlier gains amid caution toward the U.S. market outlook after the authorities there warned of security threats at President-elect Joe Biden s inauguration next week, dealers said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), however, continued an uptrend on the back of optimism that the company will deliver positive leads in an investor conference scheduled for Thursday, helping the broader market limit losses, the dealers said.
In addition, reports that a mass evacuation of patients from a northern Taiwan hospital late Monday implying possible COVID-19 infections within the hospital sparked buying among virus prevention stocks, the dealers said.
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.