Taiwan: Stocks rise after bruising loss due to China falls

[TAIPEI] Taiwan stocks rose on Tuesday, recovering somewhat from a steep fall in the previous session spurred by huge losses in Chinese markets.

As of 0245 GMT, the main TAIEX index rose 0.8 per cent, to 8,628.10, after closing at 8,556.68 in the previous session, down 2.41 per cent.

The market largely tracked regional bourses and was boosted by tech and semiconductors in particular, which rose 1.78 per cent.

This helped boost the overall electronics subindex, which rose 1.5 per cent, though the financials subindex lost 0.1 per cent.

Optoelectronics also saw significant gains, rising 3.38 per cent and led by world's No.4 flat-panel maker AU Optronics Corp, up 4.57 per cent.

The Taiwan dollar firmed T$0.063 to T$31.497 per US dollar.

REUTERS