Taiwan: Stocks rise after cbank cuts rate; T$ jumps
[TAIPEI] Taiwan stocks were up slightly on Friday after the central bank cut its benchmark interest rate for the first time since 2009 as the island's export-driven economy faces headwinds from a China-led global economic slowdown.
As of 0120 GMT, the main TAIEX index rose 0.3 per cent to 8,147.66, after closing at 8,123.1 in the previous session.
The electronics subindex was up 0.25 per cent, while the financials subindex lost 0.5 per cent.
The Taiwan dollar firmed T$0.251 to T$33.009 per US dollar.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets mostly rise as US data boosts rate hopes
Singapore stocks advance at Friday’s open, STI up 0.4%
Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost
Europe: Stoxx 600 ends at record high; BBVA weighs on Spain
US: Stocks rise on hopes of interest rate cuts
Singapore stocks close flat amid mixed regional trading