Taiwan shares rally 6% as short-sale curbs and NT$500 bln fund lift sentiment
Taiwan stocks experienced a sharp rebound on Monday, ending a seven-session losing streak that had pushed the technology-heavy market into bear-market territory. The Taiwan Weighted Index rose 5.8% to 42,022.14, following a 6.4% advance during the session. The rebound was attributed to new restrictions on short selling and government support measures that helped restore investor confidence.
Major Apple suppliers, including Largan, Taiwan Semiconductor Manufacturing, and Foxconn, also contributed to the rally. Despite the positive sentiment, losses persisted among several smaller stocks, while broader Asian market strength supported the overall market.
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