TAIPEI: Taiwan stocks were barely changed on Thursday as investors paused after recent gains, but exchange traded funds (ETFs) targetting Chinese stocks surged – tracking China’s market rallies.
As of 4:38 GMT, the main TAIEX index was 0.1 percent lower at 8,851.58 points, after closing at 8,857.02 in the previous session.
The electronics subindex stayed flat, while the financials subindex gained 0.7 percent.
Among the most actively traded assets were ETFs targeting Chinese market, with YT CSI300BULL2X and FB SSE180 L2XI both jumping more than 10 percent.
The Shanghai Composite Index rose 2.69 percent in noon trading, extending its rally of more than 4 percent on Wednesday.
