TAIPEI: Shares in Taiwan closed higher Tuesday as select large-cap electronics stocks attracted late-session bargain hunting, helping to push the broader market back to the 9,000 point mark, dealers said.
Turnover remained thin, however, as many investors stayed on the sidelines amid worry that the second-quarter results and third-quarter guidance from high-tech companies will be disappointing in the current earnings season, dealers said.
The weighted index on the Taiwan Stock Exchange ended up 30.96 points, or 0.34 percent, at 9,005.96, after moving between 8,940.38 and 9,010.71. Turnover totaled NT$71.65 billion (US$2.30 billion) during the session.
The market opened up 0.32 percent, and moved to the day’s high on a technical rebound from the losses in the previous session but selling emerged, dragging the index into the red again, dealers said.
However, buying in semiconductor heavyweights late in the trading session helped push the broader market back into positive territory by the close, dealers said.
