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Taiwan share prices up 0.92 percent

Taiwan share prices up 0.92 percent

Taiwan share prices closed 0.92 percent higher yesterday on strength in the electronics sector following some positive earnings reports, dealers said.
The weighted index rose 42.78 points at 4,671.01 on turnover of NT$86.48 billion (US$2.5 billion).
Gainers outnumbered losers 1,212 to 501, while 171 stocks were unchanged.
Analysts said the market got a boost from ample liquidity after the central bank's decision to cut interest rates last month following a downturn in the island's economy.
A total of 88 shares rose by their 7.0 percent daily limits, against one that was limit-down.
"Some shares turned strong after reports of a rise in their February revenues," said Allen Lin of Concord Securities.
Compal Electronics, which makes computer notebooks for global brands like Dell, Toshiba and Hewlett-Packard, was limit-up at NT$22.8 after reporting a 38 percent rise in its February revenues over the previous month.
Taiwan Semiconductor Manufacturing Co, the world's biggest contract microchip maker, fell 2.2 percent to 47.15 while rival United Microelectronics Corp rose 1.4 percent to 9.02.


Updated : 2021-03-01 15:16 GMT+08:00