HONG KONG -- Taiwanese stocks reached their highest in more than a year and a half at the close of trading on Tuesday and rose even further on Wednesday morning, extending an advance that many chalk up to the New Taiwan dollar's recent gains against its U.S. counterpart.
On Tuesday, the Taiwan Stock Exchange Weighted Index racked up a third straight day of gains, advancing 0.17% to 9,554.56, its highest close since June 2015. Trading value totaled 93.8 billion New Taiwan dollars ($3.02 billion), soaring above the usual level of NT$50 billion to NT$70 billion through January, stock exchange data shows. Trading surged to nearly NT$150 billion Thursday, the first session after the Lunar New Year break.
