Shares in Taiwan extended their momentum Tuesday from the previous session, closing above the 15,000 point mark, as the main board remained resilient amid ample liquidity, despite a drop on United States markets overnight, dealers said.
$600 stimulus checks have begun to hit some bank accounts.
The industrial production index, which gauges changes in the actual volume of items produced rather than their value, rose 7.84 percent in November from a year earlier to 122.99, the second-highest level ever, according to MOEA data.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, closed up 103.47 points, or 0.75 percent, at 13,989.14, after moving between 13,894.70 and 13,995.70. Turnover was NT $ 268.76 billion (US $ 9.43 billion).
Tsai Yu-tai (蔡鈺泰), head of the DGBAS' Department of Statistics, attributed the improved projection to a "much-better-than-expected performance" in exports.
The forecast is higher than the 1.56 percent estimated by the Directorate General of Budget, Accounting and Statistics, NDC Minister Kung Ming-hsin (龔明鑫) told reporters before attending a Legislative Yuan hearing on Monday.
Countries emphasize potential for cooperation and future partnerships.
The EPP Dialogue also generated a memorandum of understanding-- signed between the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the U.S.-- that will lay the groundwork for future high-level annual EPP Dialogues, said Foreign Minister Joseph Wu (吳釗燮).