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Taiwan: Stocks trade above 10,000 mark for first time in 2 years

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[TAIPEI] Taiwan stocks broke above the key 10,000 level on Tuesday for the first time in two years as retail investors piled in behind foreign ones to snap up shares.

The main index rose as high as 10,001.94, up over 0.6 per cent, and was trading at 9,996.02 around 0203 GMT.

The milestone came after Taiwan's exports for April issued after the market closed on Monday showed continued recovery for the trade-reliant economy with a surge in imports last month, signaling the momentum would stay.

Foreign investors remain net buyers in stocks as the Taiwan dollar keeps its pole position as Asia's strongest currency so far this year.

REUTERS

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