The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Taiwan: Stocks rally to fresh 17-year highs

Published Tue, Jun 20, 2017 · 04:16 AM
Share this article.

[TAIPEI] Taiwan stocks rose to fresh highs not seen in 17 years on Tuesday, helped by technology shares and tracking gains in overseas markets.

As of 0240 GMT, the main Taiex index rose 0.8 per cent to 10,332.25.

It was the highest level for the main index since it touched 10,328.98 on April 6, 2000.

The index closed 0.9 per cent higher in the previous session.

The milestone comes after regional stocks rallied following a rebound in US hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.

The electronics subindex rose 1.3 per cent.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here