Taiwan: Stocks up after Sept CPI rises

[TAIPEI] Taiwan stocks gained on Wednesday after September's consumer price index rose unexpectedly, accelerating for the first time in nine months on higher food prices.

As of 1.59 GMT, the main TAIEX index rose 0.5 per cent, to 8,435.42 points, after closing up 0.5 per cent in the previous session.

The electronics subindex rose 0.6 per cent, while the financials subindex gained 0.1 per cent.

The transport and tourism sub-indices slipped 1.41 per cent and 0.6 per cent respectively, the biggest losers, on reports that China is slashing by 95 per cent the number of tourists allowed to visit Taiwan in the month before the island's presidential election in mid-January.

The Taiwan dollar firmed TW$0.242 to TW$32.695 per US dollar.

REUTERS