REGROUPED:With effects of Brexit and the terror attacks in France fading, foreign institutional investors have been moving their funds into Asia, an analyst said

Taipei Times
Date: Jul 19, 2016
By: Staff writer, with CNA
Shares in Taiwan yesterday closed above the 9,000-point mark, the first time in almost a year the weighted index ended above that level, with foreign institutional investors holding a large chunk of long-position contracts in the futures market, dealers said.

Apple concept stocks continued to move ahead, led by smartphone camera lens maker Largan Precision Co (大立光), while rotational interest focused on select old-economy stocks and certain financial issues, which pushed up the boarder market even higher at the close, the dealers said.

The weighted index on the Taiwan Stock Exchange (TWSE) closed up 58.36 points, or 0.65 percent, at the day’s high of 9,008.21, on turnover of NT$92.67 billion (US$2.89 billion).

It was the first time the index ended above the 9,000-point level since July 21 last year, when the TAIEX closed at 9,005.96.     [FULL  STORY]