Taiwan shares rise, boosted by ‘Apple concept stocks’

Taiwan News
Date: 2016-10-12
By: Jeffrey Wu and Evelyn Kao. Central News Agency

Taipei, Oct. 12 (CNA) The Taiwan Stock Exchange (TWSE) closed up slightly on Wednesday, despite an overnight fall on Wall Street with buying focused on “Apple concept stocks” and shares in TFT-LCD panel manufacturers, dealers said.

The TWSE weighted index closed up 32.78 points, or 0.36 percent, finishing the day at 9,232.60, after moving between 9,166.58 and 9,258.69, on turnover of NT$64.72 billion (US$2.05 billion).

The market initially fell 18.27 points to 9,201.55 in response to weakness in U.S. markets overnight.

However, buying picked up later in the trading session to push the broader market into the black, focusing on shares in companies that are part of the Apple Inc. supply chain, which has been boosted by the recent launch of the iPhone 7, and stocks in TFT-LCD panel companies. The electronics sub-index closed up 0.57 percent, while the financial sub-index ended the day up 0.85 percent.     [FULL  STORY]

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