Taiwan: Stocks up but gains tentative on domestic economy concerns

[TAIPEI] Taiwan stocks rose on Tuesday but the gains were tentative on worries for the domestic economic outlook and wariness in overseas markets.

Trading remains cautious on the likelihood the global slowdown is not improving going into what traditionally should be a peak second half of the year for the export-driven island economy.

Taiwan's consumer price index fell for the eighth straight month in August, while exports at the same time fell at its sharpest pace in two and a half years in August.

As of 0209 GMT, the main TAIEX index rose 0.4 per cent to 8,017.74, after closing down 0.2 per cent in the previous session.

The electronics subindex rose 0.6 per cent, while the financials subindex lost 0.2 per cent.

The Taiwan dollar firmed TW$0.141 to TW$32.794 per US dollar.

REUTERS