Financial shares climb 1.7 per cent as semiconductor stocks pull back

Finance and Insurance shares gained an average of 1.7 per cent across 19 companies over the past week, as the Taiex fell 5 per cent. The index closed at 46,822 on 19 October, down 0.6 per cent in the latest session. Twenty-eight companies in the Semiconductor sector dropped by an average of 8.8 per cent over the week.

Electric Machinery shares fell an average of 7.5 per cent across 10 companies. Among the 150 largest listed companies, 118 fell and 26 rose during the session on 19 October. Shipping and Transportation rose an average of 0.7 per cent across six companies.

Chipmaker Novatek Microelectronics rose 11 per cent over the week, and fellow chipmaker Silergy climbed 8.1 per cent. Financial group Mega Financial advanced 7.8 per cent. The Taiex is up 2.9 per cent over the past month and up 62 per cent year to date.