You are here

Taiwan: Stocks rise from 15-yr highs, TW$ jumps again

CHINASTOCKSAFP.jpg

[TAIPEI] Taiwan stocks rose 0.2 per cent and the local currency surged on Tuesday as investor sentiment continued to be bullish after stocks hit 15-year highs in the previous session, with TSMC and other heavyweights leading the gainers.

A few minutes into trading, the main TAIEX index had climbed to 10,014.28 points, extending a 0.6 per cent gain in the previous session. But it soon fell into a narrow range, down 0.12 per cent at 0120 GMT.

On Monday, the index touched the 10,000-point milestone, a level not seen since 2000.

Taiwan Semiconductor Manufacturing Co, the world's top contract chip maker and Taiwan's most heavily-weighted stock, added 0.7 per cent.

Cathay Financial, Taiwan's biggest financial holding company, rose 0.2 per cent.

The Taiwan dollar jumped 1.141 per cent to TW$30.509 to the US dollar, marking strong gains for the second session.

REUTERS

BT is now on Telegram!

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