Taiwan shares close up 1.47%
Taiwan's stock market rose sharply on Wednesday, a good day for investors in the island's tech-heavy market.
- The main Taipei index gained 1.47%, closing near 45,833 points.
- Trading was heavy, with turnover around NT$804 billion (about US$25 billion).
- Taiwan's market is dominated by chipmakers, so gains here usually track global demand for semiconductors.
- Other local news the same day included a typhoon sea warning and Taiwan's first domestic Mpox clade Ib cases, neither of which dented the market.
Outlook: With chip demand still driving the index, direction near-term depends on global tech sentiment rather than local headlines.