Shares in Taiwan closed more than 450 points higher Wednesday, led by gains in contract chipmaker TSMC, which neared the New Taiwan Dollar 1,000 (USD 33.08) mark following an overnight rally in US tech stocks, Central News Agency Taiwan reported, quoting dealers.
New York [US], May 9 (ANI/Sputnik): The selloff on Wall Street showed little signs of slowing on Monday as US tech stocks hit two-and-half-year lows on fears that the Federal Reserve might send the economy into recession by embarking on the highest rate hike in three decades.