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Taiwan shares stage strong rebound

Taiwan shares stage strong rebound

Taipei, June 22 (CNA) Encouraged by news that the Greek government has put forward new proposals for a deal to solve the country's debt crisis, investors jumped backed into Taiwan's stock market on Monday, sparking a rebound that left the index above the 9,300-point mark, dealers said.
The weighted index on the Taiwan Stock Exchange closed up 123.40 points, or 1.33 percent, at 9,341.77, after moving between 9,247.76 and 9,371.48, on turnover of NT$89.3 billion (US$2.91 billion).
Most stock categories finished in positive territory, with the bellwether electronics sector gaining 1.18 percent and the financial sector rising 1.31 percent.
Plastics shares gained 2.50 percent and textile stocks were up 1.98 percent.
In the financial sector, Fubon Financial Holding Co. rose 2.75 percent to close at NT$63.60, Cathay Financial Holding Co. increased 1.73 percent to end at NT$53, and Mega Financial Holding Co. closed 0.72 percent higher to finish at NT$28.
Among electronics high-caps, Hon Hai Precision Industry Co. climbed 2.75 percent to close at NT$97.20, and Delta Electronics Inc. closed 3.75 percent higher at NT$166.
Foreign institutional investors bought a net NT$3.14 billion in shares on Monday. (By Chang Liang-chih and Y.F. Low)


Updated : 2021-09-24 21:24 GMT+08:00