Investors were buoyed by hopes that Taiwan might soon receive more COVID-19 vaccines and also by strong buying among foreign institutional investors on Monday, dealers said. A smartphone app tracks the TAIEX session at a brokerage company in Taipei yesterday. Photo: Tu Chien-jung, Taipei TimesTurnover totaled NT$410.207 billion (US$14.68 billion), as foreign institutional investors continued to pour money into the market, registering a net buy of NT$22.13 billion, the Taiwan Stock Exchange said. Before yesterday’s rebound, the TAIEX had plunged 11.78 percent since the beginning of last week as Taiwan saw an escalation of locally transmitted COVID-19 cases. Stock traders are preparing for more volatility ahead, loading up on options tracking the TAIEX.

Source: Taipei Times May 18, 2021 15:56 UTC