Taiwan: Stocks rise after Fed rate hike; banks, techs up
[TAIPEI] Taiwan stocks rose 1 per cent on Thursday, led by gains in banks and technology exporters, as investors chose to take a historic hike in US interest rates as a mark of confidence in the world's biggest economy.
As of 1:12 GMT, the main TAIEX index was up 0.96 per cent at 8,262.91, after closing 1.4 per cent higher at 8,184.66 in the previous session.
The electronics subindex jumped 1 per cent, while the financials subindex gained 1.6 per cent.
The Taiwan dollar firmed T$0.126 to T$32.824 per US dollar.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data