Taiwan shares edge higher

Focus Taiwan
Date: 2016/12/07
By: Jalen Chung and Evelyn Kao

Taipei, Dec. 7 (CNA) Shares in Taiwan closed slightly higher on Wednesday, extending the momentum from the previous day, but moved in a narrow range throughout the session, with gains capped ahead of strong technical resistance around the 9,300-point mark.

Boosted by electronics shares, the weighted index opened high and approached the 9,300 mark before giving up early gains.

The rise came on the back of a stable performance by electronics shares following a record high posted by the Dow Jones Industrial Average overnight, dealers said.

The weighted index on the Taiwan Stock Exchange (TAIEX) closed up 13.12 points, or 0.14 percent, at 9,263.89 on Wednesday, after moving between 9,299.92 and 9,247.50 on turnover of NT$64.73 billion (US$2.03 billion).    [FULL  STORY]

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