Taiwan stocks ended 3.98 percent higher on Thursday, joining a global rally after concerted action to tame a liquidity crunch for European banks and a move by China towards an easing policy, with banks the biggest gainers. Taiwan's government also said it would step in with measures to help the economy, including unspecified plans to stabilise financial markets.
The main TAIEX index rose 274.57 points to 7,178.69. The financials sub-index rose 6.4 percent. Department stores and opto-electronics were also among the biggest gainers. No sectors declined, though iron and steel was the weakest gainer, up 0.69 percent.
Comments
Comments are closed.