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Taiwan: Stocks rise with broader Asia; semiconductors, electronics up

Monday, May 8, 2017 - 11:43

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Taiwan stocks rose on Monday, in line with broader Asia, as investors breathed a sigh of relief after centrist Emmanuel Macron won the French presidential election.

[TAIPEI] Taiwan stocks rose on Monday, in line with broader Asia, as investors breathed a sigh of relief after centrist Emmanuel Macron won the French presidential election.

The main Taiex index rose 0.1 per cent to 9,910.32 points as of 0301 GMT, after losing 0.7 per cent on Friday.

The semiconductor subindex was up 0.9 per cent and the electronic subindex gained 0.4 per cent.

However, the transportation index lost 0.5 per cent, while the construction index slipped 0.2 per cent.

Among actively traded shares, Catcher Tech, an electronic component manufacturing company, rose 2.7 per cent.

The Taiwan dollar strengthened NT$0.039 to NT$30.143 against the US dollar.

REUTERS

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