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Taiwan stock index tops 10,000 points (update)

Taiwan stock index tops 10,000 points (update)

Taipei, April 27 (CNA) The Taiwan stock exchange benchmark weighted index, the TAIEX, surmounted the 10,000-point mark Monday for the first time in 15 years, reaching 10,002.58 points at 10:05 a.m. The surge mainly reflected strong buying by foreign institutional investors, dealers said. Financial stocks, which rose more than 2 percent, emerged as the best performers Monday. The price of Fubon Financial Holding Co. shares rose above NT$60, while that of Cathay Financial Holdings Co., China Development Financial Holding Corp. and E. Sun Financial Holding Co. also reached four-year highs. Chuang Ming-shu, president of Taishin Securities Investment Advisory Co., predicted that the index is likely to continue to move upward in light of robust turnover in recent sessions. (By Han Ting-ting, Jay Chen and Y.F. Low)


Updated : 2021-09-25 03:22 GMT+08:00