Taiwan: Stocks recover tracking Asia; Taiwan dollar strengthens
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TAIPEI] Taiwan stocks rose on Tuesday, tracking Asian stocks, as investors tentatively took confidence in US President Trump's planned stimulus policies after his setback in getting a healthcare reform bill passed.
The main Taiex index rose 0.4 per cent to 9,918.62 points as of 0115 GMT, after closing down 0.3 per cent on Monday.
Taiwan stocks also took heart after the S&P 500 and Dow Jones Industrial Average narrowed their losses overnight from earlier in the session, and the Nasdaq ended higher.
Taiwan's electronics subindex gained 0.5 per cent, leading the gains along with the construction index and transportation index , both of which also rose more than 0.5 per cent.
The financial subindex was down 0.1 per cent.
Among actively traded shares, Taiwanese conglomerate Formosa Plastics was up 0.2 per cent.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The Taiwan dollar continued a firming streak to strengthen NT$0.100 against the US dollar to NT$30.150, as it heads toward a strong NT$30.00 level not seen since September 2014.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
