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Taiwan shares hit over seven-year high

Taiwan shares hit over seven-year high

Taipei, March 23 (CNA) Shares in Taiwan closed at their highest level in over seven years on Monday, boosted by small gains in blue chip electronics shares and high-priced stocks. The main weighted index of the Taiwan Stock Exchange closed up 8.4 points, or 0.08 percent, at 9,758.09, the highest level since Nov. 30, 2007, after fluctuating between a high of 9,775.63 and a low of 9,729.81. Turnover was NT$103.90 billion (US$3.31 billion). The electronics sub-index slightly outperformed the broader market, gaining 0.18 percent. Smartphone casing maker Catcher Technology (??) rose 6.48 percent to close at NT$345, and Hon Hai Precision Industry Co. (??), the world's largest contract electronics maker, added 0.54 percent to close at NT$93.50. MediaTek Inc. (???), one of Taiwan's leading integrated circuit designers, finished 0.57 percent higher at NT$438.5, and smartphone maker HTC Corp. (???) closed up 1.77 percent at NT$144. PC maker Acer Inc. (??) gained 2.13 percent to close at NT$21.60, and flat panel vendor Innolux Corp. (??) rose 2.22 percent to close at NT$16.10. Taiwan Semiconductor Manufacturing Co. (TSMC,???), the world's largest contract chip maker and the driver of the stock market's gains last week, dropped 0.32 percent to close at NT$153.50. Looking ahead, Yuanta Securities (??????) fund manager Kuo Yi-hsin (???) advised investors to look at optical and cloud technology-related companies this year as more Chinese businesses and electricity suppliers build their own cloud services, increasing demand for data centers. (By Lo Hsiu-wen and Christie Chen)


Updated : 2021-03-08 00:44 GMT+08:00