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Taiwan: Stocks up with overseas markets, news of historic meeting with China


[TAIPEI] Taiwan stocks rose on Wednesday, following strong gains in markets overseas.

The gains also came just hours after Taiwan and China announced their leaders would meet for the first time since the Chinese civil war ended in 1949.

As of 0323 GMT, the main TAIEX index was up 1.6 per cent at 8,847.72, after closing up 1.1 per cent in the previous session.

The electronics subindex was up 1.9 per cent, while the financials subindex was up 0.7 per cent.

Talks scheduled in Singapore on Saturday between Chinese President Xi Jinping and his Taiwan counterpart Ma Ying-jeou come at a sensitive time for the island.

The Taiwan dollar was up TW$0.277 to TW$32.348 per US dollar.