Taiwan: Stocks rise after cbank cuts rate; T$ jumps

[TAIPEI] Taiwan stocks were up slightly on Friday after the central bank cut its benchmark interest rate for the first time since 2009 as the island's export-driven economy faces headwinds from a China-led global economic slowdown.

As of 0120 GMT, the main TAIEX index rose 0.3 per cent to 8,147.66, after closing at 8,123.1 in the previous session.

The electronics subindex was up 0.25 per cent, while the financials subindex lost 0.5 per cent.

The Taiwan dollar firmed T$0.251 to T$33.009 per US dollar.

REUTERS