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Taiwan shares rise on China banking hopes

Taiwan shares rise on China banking hopes

Taiwan shares rose sharply Tuesday on hopes the island's financial institutions will get the greenlight to expand into China.
The Weighted Price Index of the Taiwan Stock Exchange rose 172.88 points, or 3.9 percent, to close at 4,589.04.
China and Taiwan have been holding discussions that would permit their financial institutions to set up branches in each other's territory. Local media reports said that agreement may be near.
The two sides split amid civil war in 1949.


Updated : 2021-02-27 06:51 GMT+08:00