TAIEX closes at new high despite unease over RCEPTAKING A PROFIT: With November futures contracts scheduled to be settled tomorrow, foreign investors scrambled to buy in the spot market, an analyst saidBy Kao Shih-ching / Staff reporterThe TAIEX yesterday rose 2.1 percent to close at 13,551.83, a record high, despite Taiwan not being included in a regional trade deal signed by 15 Asia-Pacific nations on Sunday. Turnover was NT$234.691 billion (US$8.15 billion), slightly up from last week’s average of NT$225 billion, while foreign institutional investors bought a net NT$22.87 billion of shares, the data showed. Photo: CNAOther Asian markets also advanced after the 15 nations signed the world’s largest regional free-trade agreement, the Regional Comprehensive Economic Partnership (RCEP). Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock in the TAIEX, rose 4.76 percent to close at a new high of NT$484 and a record capitalization of NT$12.55 trillion. “Thanks to TSMC, the TAIEX steamed ahead today,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang (黃國偉) said.

Source: Taipei Times November 16, 2020 15:56 UTC