News Column

Taiwan Shares Rise on Bernanke Comments

July 11, 2013

Taipei (dpa) - Shares on the Taiwan Stock Exchange jumped 2.09 per cent Thursday, as regional indices also made gains a day after US Federal Reserve Chairman Ben Bernanke indicated that he supports continued stimulus measures to support the US economy.

The TAIEX index closed 167.85 points higher to end at 8179.54, its highest level in a month.

Financial stocks gained the most at 2.1 per cent, while Taiwan's electronics sector rose by 1.8 per cent.

Foreign institutional investors were net buyers, plowing 18.72 billion Taiwan dollars (625 million US dollars) into Taiwan shares.

The US dollar declined to 29.952 Taiwan dollars from 30.085 Taiwan dollars Thursday.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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