BULLISH DAY:
Stocks also rallied elsewhere in Asia, led by Tokyo and Seoul, which piled on at least 5 percent thanks to another flood into technology firms
Staff writer, with CNA
Shares in Taiwan surged more than 1,200 points and closed above the 45,000-point mark yesterday on an announcement by the US and Iran that they have reached a peace deal slated to be signed on Friday.The TAIEX ended up 1,227.95 points, or 2.78 percent, at 45,396.99, as foreign institutional investors bought a net of NT$46.53 billion (US$1.474 billion) of shares, proprietary traders increased holdings by NT$12.52 billion and investment trust firms added NT$4.895 billion of shares on the main board, Taiwan Stock Exchange data showed. The New Taiwan dollar also rose NT$0.054, or 0.17 percent, to close at the day’s high of NT$31.564 against the US dollar, Taipei Forex Inc data showed,
A man looks at his phone in front of an electronic stock board at the Taiwan Stock Exchange in Taipei yesterday.
