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Taiwan: Stocks end up 1.9% at 7-1/2 year high


[TAIPEI] Taiwan stocks ended at their highest close in 7-1/2 years on Thursday, led by buying in financials and chip shares.

The main TAIEX index ended up 1.92 per cent to 9,797.49, its highest close since Oct. 29, 2007, when it settled at 9,809.88.

The rally extended the 0.8 per cent gain made in the prior session.

The financial subindex ended 4.7 per cent higher, while the electronics subindex gained 1.6 per cent. The semiconductor subindex closed ahead 2 per cent.

The Taiwan dollar was up T$0.026 to stand at T$31.087 to the US dollar.