Taiwan: Stocks up, led by techs, financials

[TAIPEI] Taiwan stocks posted broad gains on Monday in line with overseas markets.

Asian share markets bounced on Monday after Wall Street welcomed an upbeat US jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.

As of 0306 GMT, the main TAIEX index rose 1 per cent to 8,485.41 points, after closing down 0.7 per cent in the previous session.

The electronics subindex rose 1.3 per cent, while the financials subindex gained 0.7 per cent.

Among actively traded shares, panel makers Innolux and AU Optronics were a respective 4 per cent and 2 per cent higher.

Taiwan is due to issue its export figures for November after the market closes. A Reuters poll forecasts a 10th consecutive month of contraction for the trade-reliant economy.

The Taiwan dollar firmed T$0.086 to T$32.736 per US dollar.

REUTERS