Taiwan: Stocks gain tracking overseas markets

[TAIPEI] Taiwan stocks rose on Tuesday taking its cues from gains in Asian stocks and led by technology heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC).

The main TAIEX index rose 1.3 per cent to 9,277.32 points as of 0139 GMT, hovering around one-month highs it hit last week. The index closed down 0.3 per cent in the previous session.

The electronics subindex rose 1.4 per cent, while the financials subindex gained 0.8 per cent.

Among big-cap actively traded tech shares, contract chipmaker TSMC was up nearly 2 per cent, while the world's largest electronics maker and a major Apple supplier, Hon Hai Precision, gained 1.2 per cent.

The Taiwan dollar firmed NT$0.071 to NT$31.924 per US dollar.

REUTERS