Focus Taiwan
Date: 2018/11/26
By: Frances Huang 

Taipei, Nov. 26 (CNA) Taiwan shares rebounded strongly Monday morning, rising more than 100 points as political uncertainty faded in the wake of the Nov. 24 local government elections, dealers said.

The bellwether electronics sector, some old economy stocks, and in particular the tourism sector were driving the gains on the broader market, dealers said.

As of 10:35 a.m., the weighted index on the Taiwan Stock Exchange (Taiex) had climbed 118.48 points, or 1.23 percent, to 9,785.78, off an early high of 9,847.35. Turnover was NT$45.77 billion (US$1.48 billion).

The electronics sector was up 1.65 percent, with contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), a supplier to Apple Inc., rising 2.06 percent to NT$223.00 on trading volume of 12.34 million shares.    [FULL  STORY]