Taiwan: Stocks rise after Fed rate hike; banks, techs up

[TAIPEI] Taiwan stocks rose 1 per cent on Thursday, led by gains in banks and technology exporters, as investors chose to take a historic hike in US interest rates as a mark of confidence in the world's biggest economy.

As of 1:12 GMT, the main TAIEX index was up 0.96 per cent at 8,262.91, after closing 1.4 per cent higher at 8,184.66 in the previous session.

The electronics subindex jumped 1 per cent, while the financials subindex gained 1.6 per cent.

The Taiwan dollar firmed T$0.126 to T$32.824 per US dollar.

REUTERS