You are here

Taiwan: Stocks edge up, but off highs seen last week

Monday, October 24, 2016 - 13:46

8_29058946 - 27_08_2013 - TAIWAN DOLLAR.jpg

[TAIPEI] Taiwan stocks rose slightly on Monday, but a lack of clear direction from regional markets pulled the index off levels not seen since around mid-2015 touched last week.

As of 0349 GMT, the main Taiex index rose 0.1 per cent to 9,319.76.

The index closed 0.1 per cent lower on Friday, after touching its highest since July 2015 in intraday trade.

The electronics subindex rose 0.5 per cent, while the financials subindex lost 0.2 per cent.

Among actively traded shares, big-capped electronics maker Hon Hai Precision rose 0.2 per cent. The stock hit its highest since early July 2015 in the previous session.

Display makers AU Optronics and Innolux were up 3.2 per cent and 1.4 per cent, respectively.

The Taiwan dollar softened NT$0.087 to NT$31.717 per US dollar.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom