Share prices closed 0.33 percent higher yesterday in modest trade as bargain-hunting reversed early losses sustained on the back of Friday's weaker finish on Wall Street, dealers said.
In line with other regional markets, the bourse recovered steadily over the session as investors become more confident that the fallout from North Korea's missile launches last week would be contained, they said.
The weighted index closed up 21.85 points at 6,682.46, off a low of 6,588.55 and a high of 6,694.75, on turnover of NT$68.55 billion (US$2.12 billion).
The heavily weighted electronics sector was up 0.46 percent while financials added 0.32 percent.
"Bargain-hunters became active just before noon, about the time when Seoul and Tokyo also recovered from earlier losses," SinoPac Securities (
It makes sense that emerging markets in Asia will attract a fresh round of capital inflows as long as nothing untoward happens regarding the Korean issue, he said.
Teng said the tech stocks were attracting fresh attention in their traditionally stronger second half of the year, with concerns over high inventory levels easing.
Taiwan Semiconductor Manu-facturing Co (台積電) was steady at NT$56.90 while rival United Microelectronics Corp (聯電) was up NT$0.20 at NT$19.40.
Makers of thin-film-transistor liquid-crystal-display panels and DRAM chips were mixed, with AU Optronics Corp (友達光電) down NT$0.85 at NT$44.15, while Chi Mei Optoelectronics Corp (奇美電子) was up NT$0.40 at NT$35.20, and Nanya Technology Corp (南亞科技) up NT$0.15 at NT$19.75.
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