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Taiwan: Stocks hit over 3-month high, Taiwan dollar jumps

Thursday, March 3, 2016 - 10:11

[TAIWAN] Taiwan stocks extended gains to rise to their highest level in more than three months on Thursday as market sentiment was buoyed by gains in other regional bourses.

As of 1:17 GMT, the main TAIEX index was up 0.4 per cent at 8,575.09, a level not seen since November. It had ended higher in the previous session.

Asian shares were trying to string together three sessions of gains on Thursday as upbeat data on US jobs and gains for a range of commodities whetted risk appetites globally.

The electronics subindex rose 0.4 per cent, while the financials subindex gained 0.3 per cent, the two most heavily weighted sectors.

Among the most active stocks in Taiwan were China Steel and Innolux. Both rose more than 3 per cent.

The Taiwan dollar firmed T$0.301 to T$33.069 per US dollar, approaching its strongest level since mid-February.

REUTERS

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