Taiwan: Stocks rise after historic Ma-Xi meeting

[TAIPEI] Taiwan stocks rose on Monday after leaders of Taiwan and China met for the first time in more than six decades at the weekend, led by gains in heavyweights such as TSMC.

As of 1:31 GMT, the main TAIEX index rose 0.3 per cent, to 8,715.02 points, after closing at 8,693.57 points in the previous session.

The electronics subindex rose 0.3 per cent, while the financials subindex gained 0.4 percent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, added 1.8 per cent. Mediatek, which is Taiwan's biggest chip design house and a major player in the China market, rose 0.5 per cent.

The Taiwan dollar firmed T$0.085 to T$32.645 per US dollar.

REUTERS