TAIEX rallies, advancing 2.44 percent

REBOUND: Largan Precision and TSMC led the advance, with the rally spreading almost across the board, except for the glass and electric appliance sub-indices

Taipei Times
Date: Oct 13, 2018
By: Kao Shih-ching  /  Staff reporter

The TAIEX rebounded yesterday, gaining 2.44 percent to close at 10,045.81 points after

An investor looks at a graph showing the TAIEX’s movement at a securities agency in Taipei yesterday.  Photo: Liao Chen-huei, Taipei Times

slumping 6.3 percent on Wednesday, its worst one-day slide since January 2008.

The weighted index opened 5.47 points higher at 9,811.58 points, but retreated to 9,742.34 points after seven minutes of trading, lower than its close of 9,806.11 on Thursday.

However, it gradually gained ground as sentiment improved, moving past 10,000 points and closing 239.7 points higher on turnover of NT$143.53 billion (US$4.64 billion), Taiwan Stock Exchange (TWSE) data showed.

Except for glass and electric appliances, all sub-indices advanced, the data showed.

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