Taiwan: Stocks rise following Asian peers on Greece optimism, Nasdaq record

[TAIPEI] Taiwan stocks rose on Tuesday following Asian markets higher on optimism Greece would be able to stave off a debt default, with a record close on the Nasdaq boosting local technology shares.

As of 0217 GMT, the main TAIEX index rose 1 per cent, to 9,431.16 points, after closing 1.34 per cent higher in the previous session.

After the market closes Tuesday, Taiwan will issue export orders data for May, which may fall, but could show some improvement from April's performance, according to a Reuters poll.

The financials subindex gained 1.3 per cent, while the electronics subindex rose 1.1 per cent, boosted by a record close by the Nasdaq index overnight.

Among actively traded shares, chipmaker UMC was 1.5 per cent higher while chip packager ASE was up 0.6 per cent.

The Taiwan dollar firmed T$0.183 to T$30.787 per US dollar.

REUTERS