Shares in Taiwan staged a strong rebound Friday as buying was sparked by a rally on Wall Street overnight amid eased concerns that the U.S. Federal Reserve will rush to kick off an interest rate hike cycle.
However, despite an early high the market ended one step below the 9,000 point mark as many investors have feared a Wall Street pull back on Friday after the solid gains seen in the previous two sessions.
The weighted index on the Taiwan Stock Exchange ended up 120.89 points, or 1.36 percent, at 8,999.52.