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Taiwan: Stocks rebound; techs, banks up

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[TAIPEI] Taiwan stocks rebounded on Tuesday, but the gains could be short-lived as investor concerns over China's market turmoil persist.

As of 1.13 GMT, the main TAIEX index was up 0.7 per cent, to 7,844.99 points. The electronics subindex rose 0.8 per cent, while the financials subindex gained 0.9 per cent.

On Monday, the broader market fell 1.3 per cent for the fifth session of losses out of six. China market's crisis has sparked foreign fund outflows from Taiwan and some other global markets, with foreign investors posting net sales of Taiwan stocks at each session this month.

The Taiwan dollar firmed TW$0.315 to TW$33.336 per US dollar.

REUTERS

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