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Taiwan: Stocks higher in technical rebound, tracking Asian markets

Monday, November 7, 2016 - 10:05

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[TAIPEI] Taiwan stocks rose on Monday in a technical rebound, as Asian peers climbed after the FBI cleared Democrat Hillary Clinton in its latest email review, but caution prevailed ahead of the US presidential election.

The FBI said on Sunday it stood by its earlier finding that no criminal charges were warranted against Mrs Clinton for using a private email server for government work, lifting a cloud over the presidential contender seen as a candidate of the status quo.

The initial results of the Tuesday voting in the US race is expected to begin rolling in Wednesday morning Asia time.

The main Taiex index rose 0.9 per cent to 9,151.35 points, as of 0136 GMT. It closed marginally higher on Friday after falling for four sessions in a row last week.

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The electronics subindex rose one per cent, while the financials subindex gained 0.4 per cent.

Among actively traded shares, display maker Hannstar Display Corp was up 4 per cent and technology component maker Qisda Corp was up over one per cent.

The Taiwan dollar firmed NT$0.024 to NT$31.449 per US dollar.

REUTERS

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