Taiwan shares hit 33-month high
Central News Agency
2014-03-31 05:08 PM
Taipei, March 31 (CNA) Shares in Taiwan rose to their highest level in over two and a half years, with gains spread relatively evenly across the electronics and old economy sectors. The main weighted index of the Taiwan Stock Exchange rose 74.64 points, or 0.85 percent, to close at the day's high of 8,849.28 -- the highest close since June 9, 2011 -- on turnover of NT$86.31 billion (US$2.83 billion). The heavily weighted electronics sub-index rose 0.94 percent, helping drive the broader market higher, while financial shares underperformed, gaining 0.2 percent during the session. Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, added 0.8 percent to close at NT$118.5, while IC testing and packaging supplier Advanced Semiconductor Engineering Inc. closed up 3.6 percent at NT$33.8. Shares of Hon Hai Precision Industry Co., the world's largest contract electronics maker, remained unchanged at NT$86.3 despite the company's announcement on Friday that its net profit hit a quarterly record of NT$42.61 billion in the fourth quarter of 2013. Smartphone camera lens supplier Largan Precision Co. gained 1.4 percent to close at NT$1,440, and flat panel maker AU Optronics Corp. climbed 1.4 percent to finish at NT$10.75. Smartphone maker HTC Corp. rose 3 percent to NT$153, but Quanta Computer Inc. saw its shares tumble 4.5 percent to close at NT$82. (By Chung Jung-feng and Christie Chen)
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