Tai­wan in­dex breaches 10,000 mark

New Straits Times - - Business -

TAIPEI: Tai­wan’s bench­mark stock in­dex closed above the 10,000 level for the first time since the peak of the dot-com bub­ble as for­eign in­vestors chased a global rally in tech­nol­ogy shares.

Net in­flows into Tai­wan eq­ui­ties have swelled to more than US$15 bil­lion (RM65.25 bil­lion) in the past 12 months, the most among 10 Asian mar­kets tracked by Bloomberg out­side of China.

Ap­ple Inc sup­pli­ers, such as Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co (TSMC), have been favourite tar­gets amid op­ti­mism over de­mand for the next iPhone.

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