Share prices closed 1.33 percent higher yesterday as last month's robust trade data encouraged investors to increase exposure to stocks with attractive valuations after a recent correction, dealers said.
The government said on Monday that the nation's exports last month grew 21.2 percent year-on-year to an all-time high of US$19.58 billion, compared with a 16.5 percent rise to US$18.10 billion last month.
The TAIEX closed up 85.53 points at the day's high of 6,502.14 on turnover of NT$59.24 billion (US$1.81 billion).
"The negative leads have now been priced into share prices, paving the way for a rebound on interest in valuation play," said Alvin Teng (
"Electronics scored gains as previous declines had moved them to bottom levels ... their improving fundamental outlook also convinced investors to buy shares," he said.
Teng added that crucial to the local bourse's next immediate trend would be the US Federal Reserve's decision on interest rates, expected to be announced yesterday.
Chi Mei Optoelectronics Corp (
Uni-President Enterprises Corp (
The company said it was aiming to become the largest food and beverage group in Asia, excluding Japan, over the next three to five years.