Taiwanese Stocks Rise Amid Global Uncertainty

By Gao Liling, Taipei Correspondent

The Taiwanese stock market closed on a positive note today, with the weighted index rising 97.21 points to 22,858.81, a 0.43% increase. The surge in shipping stocks was largely driven by the recent escalation of war in the Middle East and concerns over potential strikes by dock workers in the eastern United States.

The three major legal entities invested heavily in shipping stocks, purchasing over 27.323 billion yuan worth of shares. The top ten stocks that saw significant investment included Shin Kong Gold, Yang Ming, Wan Hai, and Cathay Gold.

According to stock exchange statistics, Shin Kong Gold (2888) led the pack with over 51,998 shares purchased, followed by Yang Ming (2609) with over 27,093 shares. Wan Hai (2615) and Cathay Gold (2882) also saw significant investment, with 22,900 and 21,927 shares purchased, respectively.

Other notable stocks that saw investment included TSMC (2330), AUO (2409), UMC (2303), Evergreen (2603), and EVA Air (2618), with over 14,560, 14,550, 14,160, 14,550, and 10,532 shares purchased, respectively.

Yang Ming stock saw a significant increase, rising to a high of 74.9 yuan, a 6% increase, before closing at 70.9 yuan, a 0.71% increase. Evergreen stock also rose, reaching 214.5 yuan, a 2.3% increase, before closing at 206.0 yuan, a 1.67% decrease. Wan Hai stock continued to rise, reaching the daily limit.

Investors are advised to exercise caution and make informed decisions based on their own risk assessments.