China hopes send Taiwan stocks to 9-mth closing high
Published: 31 May 2009 21:37:25 PSTTAIPEI, June 1 - Taiwan stocks rose 0.92 percent on Monday to a nine-month closing high, as a flurry of Chinese purchasing groups visiting the island this week propped up tech shares, while asset plays gained on a stronger local currency.
The main TAIEX share index <.TWII> closed 63.66 points higher at 6,954.10, its best finish since August 29, 2008. The local market was closed on Thursday and Friday for the Dragon Boat Festival. (US$1=T$32.4)
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