Taiwan: Stocks rise on upbeat export orders data

[TAIPEI] Taiwan stocks rose on Friday, tracking gains in overseas markets and on better-than-expected export orders figures for August.

The main Taiex index was up 0.3 per cent at 9,259.19 after closing 0.1 per cent higher in the previous session.

The index has closed every session higher so far this week on the back of net purchases by foreign investors.

The electronics subindex rose 0.3 per cent, while the financials subindex gained 0.1 per cent.

Taiwan's export orders rose for the first time in 17 months in August, in a hopeful sign that global demand is picking up ahead of the year-end shopping season.

Among actively traded shares, big-capped TSMC was 0.5 per cent higher.

The Taiwan dollar softened NT$0.002 to NT$31.402 per US dollar.

REUTERS