Oct 29, 2018 Entertainment Comments Off on Taiwan shares close up 0.29% above 9,500 points
Taipei, Oct. 29 (CNA) Shares in Taiwan staged a technical rebound led by large-cap electronics and silicon wafer stocks Monday to move above the 9,500-point mark.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, closed up 27.14 points, or 0.29 percent, at 9,516.32, after moving between 9,459.12 and 9,554.35. Turnover totaled NT$105.20 billion (US$3.39 billion).
The market opened up 26.25 points at 9,515.43 after closing below the 9,500-point level for the first time since February 2017 on Friday.
The bellwether electronics sector outperformed the broader market, closing 0.43 percent higher.
It was helped by silicon wafer manufacturer Wafer Works Corp., which raised its 2019 Q1 quotes for 6- and 8-inch epitaxial silicon wafers, and semiconductor materials supplier Shin-Etsu Chemical Co., Ltd., which raised its sales guidance on good prospects for its semiconductor and PVC business.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock in Taiwan, gained 0.68 percent to close at NT$222.50, and smartphone camera lens supplier Largan Precision Co. closed 2.65 percent higher at NT$3,295.00.
Among passive component stocks, Yageo Corp. shed 1.23 percent to close at NT$320.00, while Walsin Technology Corp. rose 3.54 percent to end at NT$131.50 and Holy Stone Enterprise Co., Ltd. finished up 1.49 percent at NT$95.10.
Foreign institutional investors bought a net NT$117 million in shares Monday, according to the Taiwan Stock Exchange, after selling a net NT$31.24 billion in shares last week. They have sold a net NT$308.86 billion in shares from the beginning of the year to Oct. 26.
Source: Focus Taiwan News Channel
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