TAIEX rises 0.48% ahead of holiday - News Summed Up
TAIEX rises 0.48% ahead of holiday

TAIEX rises 0.48% ahead of holiday

February 12, 2018 15:56 UTC

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TAIEX rises 0.48% ahead of holiday


By Crystal Hsu / Staff reporterThe TAIEX yesterday staged a 0.48 percent rebound, rising 49.34 points to close at 10,421.09 after Wall Street stabilized over the weekend. TAIEX market capitalization rose NT$3.36 trillion (US$114.3 billion) in the Year of Rooster, translating into gains of NT$336,000 for individual accounts, TWSE data showed. The global index provider is due to release its quarterly index weighting tweaks today. Formosa Plastics Corp (台塑) yesterday rose 3.27 percent to NT$101, beating the sector’s 2.28 percent increase, as a stable global economy continued to fuel demand for plastic products. Turnover yesterday fell to NT$106.59 billion, compared with more than NT$200 billion a week earlier, as investors turned cautious ahead of the long holiday, analysts said.


Source: Taipei Times February 12, 2018 15:56 UTC


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