Taipei, July 16 (CNA) Shares in Taiwan closed higher on Tuesday with the bellwether electronics sector making gains, led by chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) ahead of its investor conference scheduled for Thursday, dealers said.
Buying was also sparked on reinforced hopes of a rate cut by the U.S. Federal Reserve as early as September after Chair Jerome Powell made dovish comments at an economic forum in Washington overnight, dealers added.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 117.89 points, or 0.49 percent, at 23,997.25 after moving between 23,861.77 and 24,174.18 during the…
