Taiwan shares stage strong rebound to 9,341.77, encouraged by Greek deal news
Encouraged by news that the Greek government has put forward new proposals for a deal to solve the country’s debt crisis, investors jumped backed into Taiwan’s stock market on Monday, sparking a rebound that left the index above the 9,300 point mark, dealers said.
The weighted index on the Taiwan Stock Exchange closed up 123.40 points, or 1.33 percent, at 9,341.77, after moving between 9,247.76 and 9,371.48, on turnover of NT$89.3 billion (US$2.91 billion).
Most stock categories finished in positive territory, with the bellwether electronics sector gaining 1.18 percent and the financial sector rising 1.31 percent.
Plastics shares gained 2.50 percent and textile stocks were up 1.98 percent.
In the financial sector, Fubon Financial Holding Co.