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Taiwan: Stocks flat; Cathay Financial up on earnings

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[TAIPEI] Taiwan stocks were little changed on Tuesday as investors looked to earnings reports for direction.

As of 0229 GMT, the main Taiex index was up fractionally at 9,156.40 points, after closing at 9,150.26 in the previous session.

The electronics subindex was also little changed, while the financials subindex was up 0.2 per cent.

Cathay Financial, parent of Taiwan's biggest life insurer, rose 1.6 per cent. The company reported a net profit of NT$14.19 billion (S$613 million) for July, without giving a year-earlier figure.

The Taiwan dollar was 31.423 per US dollar.


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