TAIEX rises more than 2% after strong US showingStaff writer, with CNAThe TAIEX yesterday moved sharply higher by more than 2 percent to close above 16,600 points, with investors encouraged by strong gains on US markets at the end of last week, dealers said. People sit in front of an electronic stock board at a securities brokerage in Taipei yesterday. Photo: Kelson Wang, Taipei TimesTurnover totaled NT$256.035 billion (US$8.79 billion), with foreign institutional investors buying a net NT$27.58 billion of shares on the main board, Taiwan Stock Exchange data showed. The electronics sector rose 2.55 percent and the semiconductor sub-index soared 3.08 percent, while the financial sector rose 2.05 percent, the textile sector advanced 1.75 percent and the food sector moved up 1.36 percent. The NT dollar yesterday rose NT$0.206 to close at NT$29.144 against the US dollar in Taipei trading.

Source: Taipei Times May 30, 2022 21:58 UTC