Taiwan: Stocks rise for 4th day, heavyweights gain; Sinopac down
[TAIPEI] Taiwan stocks rose for a fourth session on Thursday as investor sentiment was bolstered by gains in overseas markets, led by tech heavyweights such as TSMC and Hon Hai Precision Industry.
As of 0237 GMT, the main TAIEX index rose 0.5 per cent to 10,094.68 points, on track for its fourth winning session in a row.
The main index closed above the 10,000-point milestone at a 17-year-high earlier this month, partly because of foreign buying into heavyweights.
The electronics subindex rose 0.6 per cent, while the financials subindex gained 0.2 per cent.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chip maker, added 0.5 per cent. Hon Hai, a key supplier of Apple Inc, jumped 1 per cent.
Sinopac Financial Holdings, a mid-sized financial holding firm, fell 0.2 per cent. The company said its chief financial officer and some other top executives have resigned amid a string of scandals that involved an inappropriate loan by an overseas unit.
The Taiwan dollar firmed NT$0.096 to NT$30.087 per US dollar.
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
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%