Taiwan: Stocks rebound; techs, banks up
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TAIPEI] Taiwan stocks rebounded on Tuesday, but the gains could be short-lived as investor concerns over China's market turmoil persist.
As of 1.13 GMT, the main TAIEX index was up 0.7 per cent, to 7,844.99 points. The electronics subindex rose 0.8 per cent, while the financials subindex gained 0.9 per cent.
On Monday, the broader market fell 1.3 per cent for the fifth session of losses out of six. China market's crisis has sparked foreign fund outflows from Taiwan and some other global markets, with foreign investors posting net sales of Taiwan stocks at each session this month.
The Taiwan dollar firmed TW$0.315 to TW$33.336 per US dollar.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
