Taiwan: Stocks up tracking gains in overseas markets

[TAIPEI] Taiwan stocks rose on Tuesday, following gains in overseas markets but buying was subdued as economic concerns persisted.

As of 0259 GMT, the main TAIEX index was up 0.2 percent at 8,294.52, after closing 0.3 percent higher in the previous session.

The electronics subindex and the financials subindex were both up about 0.1 per cent.

Taiwan posted a one-year high in its seasonally adjusted jobless rate for November, data issued Tuesday showed. Coming a day after export orders for last month sank worse than expected, the picture highlights concerns for the trade-dependent economy already grappling with recession.

The Taiwan dollar firmed T$0.25 to T$32.835 per US dollar.

REUTERS