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Taiwan shares rise slightly on financial gains

Taiwan shares rise slightly on financial gains

Taiwan shares rose slightly Thursday on tech and financial gains.
The Weighted Price Index of the Taiwan Stock Exchange rose 23.62, or 0.3. percent, to close at 7926.66, off the intraday high of 7965.93.
Tech heavyweights rose on their strong first-quarter results and an upbeat second-quarter outlook.
Hon Hai Precision gained 3 percent at NT$240.50. Delta Electronics rose by the daily limit of 7 percent at NT$113.00. United Microelectronics rose 1 percent to NT$19.40.
Financials gained by 0.9 percent on expectations that the legislature may lift the current 35 percent overseas investment cap on insurance companies. After the market closed, lawmakers agreed to raise the limit to 45 percent.
Cathay Financial Holding rose by 3.7 percent at NT$69.50, and Shin Kong Financial Holding gained 2.4 percent at NT$32.10.


Updated : 2021-03-03 11:56 GMT+08:00