The Taiwan stock market has climbed higher in three straight sessions, advancing more than 530 points or 2.4 percent along the way. The Taiwan Stock Exchange now rests just above the 23,540-point plateau although it may run out of steam on Tuesday.
The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.
The TSE finished modestly higher again on Monday following gains from the technology stocks and a mixed picture from the financial sector.
For the day, the index gained 55.26 points or 0.24 percent to finish at 23,542.53 after trading between 23,480.06 and 23,678.51.
Among the actives, Cathay Financial slumped 2.15 percent, Mega Financial declined 1.26 percent, CTBC Financial and Fubon Financial both perked 0.17 percent, First Financial surrendered 1.27 percent, E Sun Financial plummeted 2.26 percent, United Microelectronics Corporation improved 0.79 percent, Hon Hai Precision climbed 1.20 percent, Largan Precision soared 3.23 percent, Catcher Technology tumbled 1.84 percent, MediaTek jumped 1.92 percent, Delta Electronics shed 0.50 percent, Novatek Microelectronics rallied 1.91 percent, Formosa Plastics stumbled 1.87 percent, Nan Ya Plastics plunged 3.24 percent, Asia Cement retreated 1.26 percent and Taiwan Semiconductor Manufacturing Company was unchanged.
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