JAPAN/TAIWAN: Japanese and Taiwanese shares rebound after last week's jitters, on hopes that global markets are stabilising

Record ID: 465313

  • Title: JAPAN/TAIWAN: Japanese and Taiwanese shares rebound after last week's jitters, on hopes that global markets are stabilising
  • Date: 16th August 2011
  • Summary: TOKYO, JAPAN (AUGUST 15, 2011) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING: "TOKYO STOCK EXCHANGE" TSE MARKET CENTRE VARIOUS OF TSE OFFICIALS MONITORING TRADING MORE OF TSE MARKET CENTRE ELECTRONIC SCREEN SHOWING NIKKEI AVERAGE CLOSING AT 9086.41 UP 122.69 MORE OF TSE MARKET CENTRE GAITAME.COM FOREIGN CURRENCY TRADING AREA JAPANESE AND AMERICAN FLAGS IN FRONT OF GRAPH SHOWING YEN/DOLLAR RATE MORE OF TRADING AREA GAITAME.COM TRADER LOOKING AT SCREENS TAIPEI, TAIWAN (AUGUST 15, 2011) (REUTERS) INVESTORS SITTING IN FRONT OF A WALL OF MONITORS MAN SITTING IN FRONT OF A WALL OF MONITORS MAN EATING MONITORS GRAPHIC SHOWING TAIWAN WEIGHTED INDEX MONITORS SHOWING TAIWAN WEIGHTED INDEX RAISING 165.59 POINTS, WITH THE INDEX AT 7802.61 MAN LOOKING AT MONITORS MONITOR SHOWING TAIWAN WEIGHTED INDEX MORE OF MONITORS TAIWAN WEIGHTED INDEX AT 168.64 POINTS, WITH THE INDEX AT 7805.66 INVESTORS LOOKING AT MONITORS
  • Embargoed: 31st August 2011 13:00
  • Keywords:
  • Location: Taiwan, Province of China, Japan
  • City:
  • Country: Taiwan
  • Topics: Finance
  • Reuters ID: LVA3MS2S40V3PSJZJBP50DW09S9R
  • Story Text: Japanese and Taiwanese shares closed on a high on Monday (August 15) on hopes that global markets are stabilising, rebounding after last week's volatility.
    Tokyo stocks on Monday posted their biggest daily gain in nearly two months, rallying on relief as global markets recovered from one of the most unstable weeks since the depths of the financial crisis, boosted by better-than-expected Japan GDP data.
    The benchmark Nikkei average closed up 1.4 percent at 9,086.41, while the broader Topix gained 1.2 percent to 777.12.
    Taiwan stocks rallied 2.39 percent to a nearly two-week closing high on Monday amid signs global markets were stabilising, while sentiment improved after the government intervened to support the market and companies bought back their shares last week.
    The main TAIEX index ended 182.37 points higher at 7,819.39, its highest since August 5.
    Among the top winners were China issues such as food, rising 4 percent, and electronics jumping 2.75 percent.
    Financial shares rose 1.88 percent amid news that Taiwan's central bank aims to become a second off-shore centre for China's yuan after Hong Kong, tapping into the growing international role for the yuan as trade ties between the two former political foes continue to improve.
    The Taiwan dollar strengthened 0.217 percent to trade at T$28.946.
  • Copyright Holder: REUTERS
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