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Taiwan: Stocks rise on improving economic data, testing fresh highs

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[TAIPEI] Taiwan stocks rose on Tuesday testing new highs not seen in over a year, bolstered by upbeat data showing improving economic activity.

As of 0406 GMT, the main Taiex index was up 0.7 per cent, to 9,386 points, after settling up 0.2 per cent in the previous session to a fresh closing high not seen since July 2015.

Foreign investors have been net buyers as a whole this month so far in the local bourse.

On Monday, government-issued data showed the jobless rate in September fell to its lowest level since March while industrial output last month grew on-year for the second month running.

The electronics subindex rose 0.7 per cent, while the financials subindex gained 0.3 per cent.

The Taiwan dollar firmed NT$0.052 to NT$31.631 per US dollar.