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Taiwan: Stocks hit over 20-month high; techs jump

Thursday, February 9, 2017 - 11:45

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[TAIPEI] Taiwan stocks rallied to a more than 20-month high on Thursday, tracking regional markets, led by gains in technology exporters such as Taiwan Semiconductor Manufacturing Co (TSMC).

As of 0212 GMT, the main Taiex index rose 0.49 per cent to 9,589.88, its highest intraday level since early June 2015.

The broader index has gained about 4 per cent year to date as investor sentiment was bolstered after the Dow Jones Industrial Average breached the 20,000 level several times this year.

The electronics subindex rose 0.77 per cent, while the financials subindex was up 0.26 per cent.

TSMC, the world's biggest contract chip maker, climbed nearly one per cent. Hon Hai Precision Industry, a major assembler of Apple Inc's iPhone, rose one per cent .

The Taiwan dollar firmed NT$0.032 to NT$31.096 per US dollar.

REUTERS

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