Tai­wan shares stage strong re­bound to 9,341.77, en­cour­aged by Greek deal news

The China Post - - TAIWAN BUSINESS -

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.

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