Taiwan News
Date: 2016-07-11
By: Central News Agency

Shares in Taiwan made a strong showing Monday as investors here took cues from the solid gains posted on Wall Street over the weekend to buy into local large cap electronics stocks, dealers said.

Among the gaining electronics heavyweights, Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the most heavily weighted stock in the local market, rose on hopes that the chip maker’s lead over its peers in advanced production process will continue to help it rake in handsome sales, they said.

Buying spread to other large-cap stocks in the non-high tech sector to push up the broader market significantly to move above the 8,700 point mark throughout the session, they said.

The weighted index on the Taiwan Stock Exchange closed up 145.56 points, or 1.68 percent, at 8,786.47, after moving between 8,728.23 and 8,795.80, on turnover of NT$97.29 billion (US$3 billion).     [FULL  STORY]