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Taiwan: Stocks hit over one-year high; Cathay Financial extends gains

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[TAIPEI] Taiwan stocks rose to a more-than-one-year high on Wednesday, with Cathay Financial Holdings leading financial shares higher for a second session.

As of 0429 GMT, the main Taiex index was up 0.3 per cent at 9,184.29 points, its highest intraday level since July 2015.

It closed at 9,155.08 points in the previous session.

The electronics subindex rose 0.1 per cent, while the financials subindex gained 0.7 per cent.

Cathay, parent of Taiwan's biggest life insurer, was up 0.5 per cent, extending gains from Tuesday on its July earnings.

The Taiwan dollar firmed NT$0.218 to NT$31.237 per US dollar.


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