Taiwan: Stocks up in special session, but shy of key 9,800 level

[TAIPEI] Taiwan stocks rose on Saturday in a special trading session as market participants attempted to get the index back above the key 9,800 level.

Taiwan's financial markets are open due to a government holiday schedule for February.

As of 0202 GMT, the main Taiex index rose 0.2 per cent, to 9,777.78 points, after closing down 0.1 per cent in the previous session.

The index has traded above 9,800 twice in the past week, but has not closed above the level yet, which is around highs not seen since May 2015.

The electronics subindex rose 0.3 per cent, while the financials subindex was unchanged.

Monday Taiwan is due to issue its export orders data. Orders are expected to have risen 6.65 per cent in January from a year ago, slightly stronger than its pace of December, according to the median forecast of analysts polled by Reuters.

The Taiwan dollar firmed NT$0.006 to NT$30.770 per US dollar.

REUTERS

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