Focus Taiwan
Date: 2015/05/13
By: Frances Huang

Taipei, May 13 (CNA) Shares in Taiwan closed above the 9,700 point mark Wednesday as the bellwether electronics sector led the broader market to stage a technical rebound, dealers said.

As investors ignored losses suffered by high-tech stocks on Wall Street overnight, they bought into Taiwanese semiconductor stocks, in particular integrated circuit designer MediaTek Inc. (聯發科), which said a day earlier that smartphone markets in emerging economies have shown signs of stabilizing, the dealers said.

The weighted index on the Taiwan Stock Exchange ended up 43.38 points, or 0.44 percent, at 9,724.11, after moving between 9,687.66 and 9,743.33 on turnover of NT$94.61 billion (US$3.08 billion).     [FULL  STORY]