Taiwan: Stocks up with some overseas markets, foreign buying

[TAIPEI] Taiwan stocks rose on Tuesday tracking gains in some overseas markets and supported by foreign investors buying shares.

As of 0158 GMT, the main Taiex index rose 0.6 per cent to 9,144.96, after closing up 1.1 in the previous session.

The electronics subindex rose 0.9 per cent, while the financials subindex gained 0.2 per cent.

Tech component makers were among actively traded stocks. Optical storage device maker Ritek was up 2.1 per cent, while printed circuit board maker Compeq was 3.5 per cent higher.

Foreign investors have net purchased local shares so far in September, adding to their net buying for the past three months in a row.

The purchases have strengthened the Taiwan dollar to levels not seen since mid-August.

The Taiwan dollar firmed NT$0.092 to NT$31.414 per US dollar.

REUTERS