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Taiwan: Stocks recover tracking Asia; Taiwan dollar strengthens

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[TAIPEI] Taiwan stocks rose on Tuesday, tracking Asian stocks, as investors tentatively took confidence in US President Trump's planned stimulus policies after his setback in getting a healthcare reform bill passed.

The main Taiex index rose 0.4 per cent to 9,918.62 points as of 0115 GMT, after closing down 0.3 per cent on Monday.

Taiwan stocks also took heart after the S&P 500 and Dow Jones Industrial Average narrowed their losses overnight from earlier in the session, and the Nasdaq ended higher.

Taiwan's electronics subindex gained 0.5 per cent, leading the gains along with the construction index and transportation index , both of which also rose more than 0.5 per cent.

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The financial subindex was down 0.1 per cent.

Among actively traded shares, Taiwanese conglomerate Formosa Plastics was up 0.2 per cent.

The Taiwan dollar continued a firming streak to strengthen NT$0.100 against the US dollar to NT$30.150, as it heads toward a strong NT$30.00 level not seen since September 2014.

REUTERS

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