Taipei, May 8 (CNA) Shares in Taiwan closed higher on Tuesday as buying rotated to contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock in the local market, dealers said.
But technical resistance ahead of 10,700 points and concerns of geopolitical tensions if American President Donald Trump announces the United States' withdrawal from a nuclear agreement with Iran kept the day's gains in check, they said.
The weighted index on the Taiwan Stock Exchange, the Taiex, ended up 86.47 points, or 0.82 percent, at the day's high of 10,691.38, off an early low of 10,609.04, on turnover of NT$131.18 billion (US$4.40 billion).