Taiwan: Stocks up following regional bourses, near 4-month high

[TAIPEI] Taiwan stocks rose on Wednesday as buying was bolstered by gains in regional bourses and investors tested highs not seen in nearly four months.

The main TAIEX index rose 0.7 per cent to 8,544.67 as of 0156 GMT, after closing up 0.9 per cent in the previous session.

The gains were broad-based. The electronics subindex rose 0.8 per cent, while the financials subindex gained one per cent.

The transport subindex and the plastics subindex were up 1.6 per cent and 0.5 per cent respectively.

Shares in heavily-weighted TSMC were up around one per cent.

The Taiwan dollar firmed T$0.323 to T$33.113 per US dollar.

REUTERS