Shares closed 0.55 percent higher yesterday as sentiment was propped up by the overnight rebound on Wall Street and futures-related interest, dealers said.
They said holders of Singapore futures, based on the MSCI Taiwan index, also supported the spot prices of stocks ahead of the futures settlement today.
The TAIEX closed up 48.61 points at 8,892.83, on turnover of NT$151.16 billion (US$4.61 billion).
Risers led decliners 722 to 504, with 199 stocks unchanged.
On the foreign exchange market, the New Taiwan dollar declined by the most in two weeks on speculation that investors resumed sales of the currency in search of higher returns abroad through carry trades.
The NT dollar fell NT$0.051 to close at NT$32.836 against the US dollar on the Taipei Forex Inc.
"The Taiwan dollar is still a funding-vehicle currency and carry trades are affecting the value," said Irene Cheung, Asian strategist at ABN Amro Bank. "It's still in line with the yen."
The nation's 10-year government bonds declined yesterday on speculation that the monetary authority will increase short-term debt sales, leaving investors with less money to buy longer-dated securities.
The central bank plans to offer NT$100 billion in 364-day certificates of deposit on July 4.
The yield on the benchmark 1 7/8 percent bond maturing March 2017 climbed 2.8 basis points, or 0.028 percentage points, to 2.46 percent, according to GRETAI Securities Market. Its price fell 0.2300, or NT$230 per NT$100,000 face amount, to 95.0031. Bond yields move inversely to prices.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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