Taiwan shares soar over 10% in Year of Rooster

Focus Taiwan
Date: 2018/02/12
By: Tien Yi-pin and Frances Huang 

Taipei, Feb. 12 (CNA) Shares in Taiwan closed more than 10 percent higher in the Year of the Rooster, largely on the back of strong foreign institutional buying for most of the year.

In the Year of the Rooster, in which trading started from Feb. 2, 2017 and ended Monday, the weighted index on the Taiwan Stock Exchange closed up 937.14 points, or 10.3 percent, marking the second consecutive year in which the Taiex had ended up more than 10 percent on the Lunar calendar.

In the previous year — the Year of the Monkey — in which trading started Feb. 15, 2016 and ended Jan. 24, 2017, the Taiex closed up 17.18 percent.

In the Year of the Rooster, foreign institutional investors bought a net NT$83 billion (US$2.84 billion)-worth of shares on the main board as foreign funds kept flowing into regional markets during most of the year.    [FULL  STORY]

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