Taipei: Taiwan shares ended up 453.29 points, or 1.64 percent, at 28,149.54 Monday on turnover of NT$493.05 billion (US$15.62 billion).
According to Focus Taiwan, the significant rise in the stock market was marked by active trading, reflecting heightened investor interest. The session saw considerable activity pushing the turnover to NT$493.05 billion, equivalent to US$15.62 billion.
Market analysts observed that the upswing was primarily driven by investor optimism, which contributed to the overall positive sentiment in the market. The gains spread across multiple sectors, with particular stocks showing significant improvement in their performance.
The strong close of the market is being closely watched by investors and financial analysts, as it may set the tone for future trading sessions. The increase in the index is seen as a positive indicator for the local economy, encouraging both local and international investors.