Taiwan Stock Index Surges the Most in 14 Months on Tech Rebound

  • Foreigners piled into Taiwan shares by most since April 2015
  • Taiwan shares by far the most volatile among major gauges
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Taiwan stocks rebounded, posting their best gains since March last year thanks to a broader rally in chipmakers.

The Taiwan Stock Exchange Weighted Index closed 5.2% higher on Tuesday. The rally more than erased the 3% slump on Monday after the government tightened restrictions to control its worst outbreak of the coronavirus.