TAIPEI: Shares in Taiwan closed slightly higher Wednesday on reduced turnover as investors remained cautious ahead of a vote by Greece’s parliament on whether to accept a bailout agreement, dealers said.
Many investors also held back during the current earnings reporting season amid fears that electronics companies will report disappointing results for the second quarter, a traditionally slow season in the global high-tech industry, they said.
The weighted index on the Taiwan Stock Exchange closed up 12.44 points, or 0.13 percent, at 9,054.20, after moving between 9,005.10 and 9,089.47, on turnover of NT$82.31 billion (US$2.66 billion).
The market opened up 0.36 percent and rose to the day’s high in a knee-jerk reaction to the gains posted on Wall Street overnight due to better-than-expected earnings reported by JP Morgan Chase, dealers said.
