Taiwan shares end higher as tech sector continues to lead rebound


Source: focustaiwan.tw focustaiwan.tw

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Taiwan shares end higher as tech sector continues to lead rebound Taipei, July 8 (CNA) Shares in Taiwan rose Friday for the second straight day, with the bellwether electronics sector boosted by buying, in the wake of strong gains by chip stocks on the United States markets overnight, dealers said. The buying also spread to select old economy stocks, in the transportation and steel sectors in particular, but the upturn was limited amid lingering concerns over a possible recession, as interest rate hikes continue worldwide, dealers said. The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up...