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Taiwan shares gain on overall Asian strength

Taiwan shares gain on overall Asian strength

Taiwan shares rose Wednesday, boosted by strength in neighboring Asian bourses.
The Weighted Price Index of the Taiwan Stock Exchange gained 27.62 points, or 0.4 percent, to close at 7,903.04 in light volume. In early trading the index hit 7951.69, but buying momentum slid after midday.
"Investors are acting conservatively ahead of the tax season," said Stanley Hsu of First Taisec Securities.
Hsu tipped Thursday's trading range within a 7850-7950 band, with volume likely to stay weak.
On Wednesday the textile and steel sectors stood out, rising 0.6 percent and 1.7 percent respectively.
Far Eastern Textile was up 1.5 percent to end at New Taiwan dollars 30.90, while China Steel rose 2.1 percent to NT$38.60.
The tourism sector dropped 2.9 percent on a continuing lack of progress in efforts to increase the number of Chinese visitors to Taiwan.


Updated : 2021-06-20 18:47 GMT+08:00