TAIEX up slightly as interest in tech sector declinesStaff writer, with CNAShares in Taiwan moved into consolidation mode yesterday, closing slightly higher after a lackluster overnight performance by US markets. The TAIEX closed up 48.02 points, or 0.29 percent, at 16,643.69, on turnover of NT$425.761 billion (US$15.3 billion), Taiwan Stock Exchange data showed. On Tuesday, the TAIEX surged 1.58 percent after the tech sector soared 2.28 percent. It was no surprise that the TAIEX failed to make a breakthrough today,” Tsai said. “As interest in the tech sector faded, buying rotated to old-economy stocks, in particular in the shipping and steel sectors,” he said.

Source: Taipei Times May 26, 2021 15:56 UTC