Taiwan: Stocks rally with other regional markets

[TAIPEI] Taiwan stocks rose on Wednesday along with other regional bourses, driven by gains in technology heavyweights such as Taiwan Semiconductor Manufacturing Co.

As of 1:56 GMT, the main TAIEX index was up 1.3 per cent at 8,640.00, after closing at 8,531.18 in the previous session.

The electronics subindex rose 1.4 per cent, while the financials subindex gained 0.9 per cent.

TSMC, the market's most heavily-weighted stock, jumped 2.2 per cent.

The Taiwan dollar firmed T$0.009 to T$32.373 per US dollar.

Asian share markets rallied on Wednesday as a revival in risk appetite knocked back the yen and oil ran into only modest profit-taking after reaching a major chart milestone that augured well for further gains ahead.

REUTERS