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Taiwan: Stocks edge up, tracking overseas markets

Wednesday, December 7, 2016 - 10:57

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[TAIPEI] Taiwan stocks edged higher on Wednesday, mainly tracking overseas markets although trading was cautious ahead of the release of the island nation's exports data due after market hours.

Exports likely rose for a second month in a row in November from a year ago, after growing at the fastest pace in more than two years in October, a Reuters poll showed.

The latest figures are coming after Taiwan raised for the second time its economic growth forecast for 2016 late last month on improved seasonal demand for the export-oriented economy.

The main Taiex index was up 0.1 per cent at 9,257.92 as of 0228 GMT after closing one per cent higher in the previous session.

sentifi.com

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The electronics subindex rose 0.2 per cent, while the financials subindex lost 0.1 per cent.

Among actively traded shares, display makers were trading higher. Innolux Corp rose 1.8 per cent while AU Optronics gained 1.7 per cent.

The Taiwan dollar firmed NT$0.022 to NT$31.930 per US dollar.

REUTERS

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