Shares in Taiwan make comeback but turnover thin as investors wait on electionTAIPEI--Shares in Taiwan rebounded Monday, gaining more than 1 percent, after the U.S. Federal Bureau of Investigation (FBI) affirmed its decision not to pursue charges against Democratic Party presidential nominee Hillary Clinton, dealers said. Turnover on the exchange remained thin as many investors took to the sidelines, waiting for the outcome of the Nov. 8 presidential vote before deciding their next move in the market, dealers said. The weighted index on the Taiwan Stock Exchange ended up 121.69 points, or 1.34 percent, at 9,189.84, after moving between 9,102.97 and 9,191.67, on turnover of NT$55.21 billion (US$1.75 billion). Weighted Index Down 238.77 Points Last WeekLast week, the weighted index closed down 238.77 points or 2.57 percent to close at 9,068.15 on Friday after foreign institutional investors sold a net NT$19.10 billion worth of shares. In addition, Largan Precision Co. (大立光), a smartphone camera lens supplier to Apple Inc., added 2.00 percent to close at NT$3,565.00.

Source: The China Post November 07, 2016 16:21 UTC