TAIPEI: Shares in Taiwan ended higher Tuesday following strong performance on Wall Street overnight.
The Taiwan Stock Exchange’s main index closed up 146.74 points, or 1.35 percent, at 10,986.79, on turnover of NT$129.68 billion (US$4.45 billion).
The market opened up 61.64 points at 10,901.69 and moved higher to end at the day’s high, recouping much of the big losses recorded last Friday, when the main index closed down 182.51 points, or 1.66 percent, at 10,823.33, following news that the U.S. plans to impose tariffs on US$60 billion-worth of Chinese imports.
In the electronics sector, Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, rose 3.08 percent to end at NT$251.00, due mainly to the strong performance of its American depositary receipts (ADRs) overnight.
Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., lost 2.29 percent to close at NT$3,420.00, giving up much of the 2.94 percent gain posted in the previous session.
Foreign institutional investors bought a net NT$2.54 billion-worth of shares on the main board Tuesday.
Taiwan to spend NT$200 million and ramp up mask production to 10 million a day
TAIPEI: As the Wuhan coronavirus epidemic continues to escalate around the world, Taiwan Premier Su Tseng-chang (蘇貞昌) has decided to...
