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Taiwan shares rise after court upholds presidential candidate's acquittal

Taiwan shares rise after court upholds presidential candidate's acquittal

Taiwan shares rose Friday after the island's High Court upheld an earlier acquittal of presidential candidate Ma Ying-jeou on graft charges.
Ma, of the main opposition Nationalist Party, favors expanded commercial ties with China, and is supported by many in Taiwan's powerful business community.
The Weighted Price Index of the Taiwan Stock Exchange gained 83.23 points, or 1 percent, to close at 8,396.95, its highest level since Dec. 12.
Construction and tourism companies led the way, with the subindices for the two sectors gaining 5.3 percent and 4.7 percent respectively.
Outstanding performers included Shining Building, which climbed 6.9 percent to NT$58.80, and Leofoo Development, up 6.9 percent to NT$17.70.


Updated : 2021-01-24 14:21 GMT+08:00