Taiwan: Stocks inch up; banks down, techs up

[TAIPEI] Taiwan stocks edged up 0.2 per cent on Wednesday, with financial service firms trading lower amid lingering concerns over a possible Greece default, while technology exporters rose on bargain hunting.

About half an hour into trade, the main TAIEX index rose to 9,342.46, in line with most regional bourses and stabilising from a 2.4 per cent tumble on Monday.

On Monday, the index plunged due to Greece default fears, but closed 0.9 per cent higher on Tuesday.

The financial sub-index shed 0.5 per cent, while the electronics subindex added 0.4 per cent.

Struggling smartphone maker HTC jumped nearly 5 per cent, recovering from recent losses.

The Taiwan dollar jumped 0.515 per cent to stand at T$30.910 to the US dollar.

REUTERS