The China Post
Date: May 12, 2017
By: CNA

TAIPEI — Shares in Taiwan closed above the 10,000- point mark Thursday as

Shares in Taiwan closed above the 10,000- point mark Thursday as contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) continued to lead an upturn on the broader market amid optimism toward its bottom line, dealers said.

contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) continued to lead an upturn on the broader market amid optimism toward its bottom line, dealers said.

It was the first time the local main board had closed above the 10,000-point level since April 11, 2000, when the weighted index ended at 10,068.05 points. The local equity market was largely boosted in recent sessions by foreign institutional buying, which focused on large-cap stocks like TSMC, the dealers said.

The weighted index on the Taiwan Stock Exchange closed up 33.16 points, or 0.33 percent, at 10,001.48, after moving between 9,964.30 and 10,018.79, on turnover of NT$96.36 billion (US$3.19 billion).    [FULL  STORY]