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Taiwan shares smash records on strong tech gains


Taiwan shares smash records on strong tech gains
04/26/2021 06:23 PM
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Taipei, April 26 (CNA) Shares in Taiwan closed at a new high Monday as the bellwether electronics sector continued its momentum from a session earlier, while investors were encouraged by a rally among tech stocks on the U.S. markets at the end of last week, dealers said.
Buying focused on large semiconductor stocks amid optimism toward their business outlooks, while old economy and financials stocks moved largely higher to push up the broader market to the day s high at the end of the session, the dealers said. ....

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Taiwan shares end at new high led by non-tech stocks


Taiwan shares end at new high led by non-tech stocks
04/19/2021 05:50 PM
CNA file photo
Taipei, April 19 (CNA) Shares in Taiwan rallied Monday as buying rotated to non-tech stocks, in particular raw material and shipping firms with investors betting on a strong global economic recovery, dealers said.
Interest in old economy and financial stocks offset the downturn suffered by large cap electronics stocks such as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and other semiconductor heavyweights, helping the broader market to close at a record high, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 104.47 points, or 0.61 percent, at 17,263.28, after moving between 17,135.52 and 17,294.15. Turnover totaled NT$440.37 billion (US$15.62 billion). ....

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