Focus Taiwan
Date: 2016/09/23
By: Frances Huang

Taipei, Sept. 23 (CNA) Shares in Taiwan closed higher Friday, extending the momentum from the previous sessions, as the bellwether electronics sector continued an uptrend amid optimism toward its shipments during the current peak season in the global high-tech market, dealers said.

Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the most weighted stock on the local market, lead the gains in electronic sector and pushed the broader market higher throughout the session on the back of sound fundamentals, dealers said.

The weighted index on the Taiwan Stock Exchange (TWSE) ended up 49.36 points, or 0.53 percent, at the day’s high of 9,284.62, off an early low of 9,228.66. Turnover totaled NT$64.48 billion (US$2.05 billion) during the session.

The market opened up 4.99 points but soon fell into negative territory as investors pocked the gains they had built earlier in the week, despite a stronger Wall Street, dealers said.     [FULL  STORY]