Shares in Taiwan closed higher Monday following a rebound in the U.S. stock market, with the weighted index surpassing the 9,200-point mark.
The weighted index on the Taiwan Stock Exchange (TWSE) ended up 67.35 points, or 0.73 percent, at 9,234.20 on Monday, reflecting nearly 1 percent gains in the Dow Jones Industrial Average and the Nasdaq on Friday.
Turnover totaled an anemic NT$54.76 billion (US$1.75 billion) during the session.
Trading in old economy stocks was mixed. Formosa Plastics Corp. (??) rose 0.51 percent to NT$78.20, even though the Formosa Plastics Group's steel unit in Vietnam came under pressure on Sunday from local fishermen over pollution they say has destroyed their livelihoods.
Plastics stocks rose 0.25 percent, while stocks in the food and paper-making sectors surged by over 1 percent respectively. The glass sector sub-index slid 0.23 percent, and the automobile sector sub-index dropped 0.88 percent.
Trading in the financial sector was relatively flat Monday, edging up 0.04 percent on the day. Fubon Financial Holdings (???) closed down 0.54 percent to NT$46.50, while Cathay Financial Holdings (???) slid 0.12 percent to end at NT$40.05.
The electronics sector rose 1.06 percent, buoyed by large-cap electronic stocks.
Taiwan Semiconductor Manufacturing Co. (???), the most heavily weighted stock on the exchange, grew 1.92 percent to end at NT$186, Largan Precision Co. (???) closed 1.59 percent higher at NT$3,840, and Hon Hai Precision Industry Co. (??) ended up 0.25 percent at NT$79.20.
Flat panel makers AU Optronics Corp. (??) and Innolux Corp. (??) rose 5.65 percent and 2.83 percent to close at NT$12.15 and NT$10.90, respectively, thanks to strong demand.
Source: Focus Taiwan News Channel