The Taiwan dollar gained on Monday on exporters' deals, inflows of foreign capital into the equity market and some profit-taking in the US dollar in the broad market before the year closed, dealers said.
The Taiwan dollar ended firmer at T$33.098 to the US dollar, after opening flat with Friday's close of T$33.178. Volume fell to US $519 million from the previous session's US $745 million.
"Foreign investors continue to be net buyers in the stock market and inflows of foreign capital show no signs of abating," said a dealer in Taipei.
Taiwan's stock index ended 0.34 percent higher, led by gains in technology and construction counters.
Foreign firms, which have been net buyers of Taiwan's stocks for every trading day this month except December 9, continued their investments by purchasing another net T$3.7 billion (US $112 million) on Monday. The yen was quoted at 116.51/54 to the US dollar, weaker than 116.17/23 to the US dollar but still stronger than 116.63/68 seen on Friday on profit-taking in the US dollar.
Comments
Comments are closed.