By: Frances Huang
Taipei, March 12 (CNA) Shares in Taiwan closed sharply higher above the 11,000-point mark Monday on the back of a rally on Wall Street at the end of last week in reflection of job data from Washington, dealers said.
The bellwether electronics sector led the upturn, with tech heavyweights in focus after the tech-heavy NASDAQ index hit a record high, while buying in the financial sector also appeared solid, boosted by improved profitability, the dealers said.
The weighted index on the Taiwan Stock Exchange ended up 137.28 points, or 1.26 percent, at 11,002.10, after moving between 10,908,99 and 11,016.56, on turnover of NT$139.84 billion (US$4.77 billion).
The market opened up 0.41 percent in a knee-jerk reaction to a rise on Wall Street, where the Dow Jones Industrial Average ended up 1.77 percent, returning to the 25,000-point mark Friday. [FULL STORY]