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Taiwan stocks recover tracking Asia; Taiwan dollar strengthens
March 28, 2017 / 1:51 AM / 7 months ago

Taiwan stocks recover tracking Asia; Taiwan dollar strengthens

    TAIPEI, March 28 (Reuters) - Taiwan stocks rose on Tuesday,
tracking Asian stocks, as investors tentatively took confidence
in U.S. President Trump's planned stimulus policies after his
setback in getting a healthcare reform bill passed.
    The main TAIEX index         rose 0.4 percent to 9,918.62
points as of 0115 GMT, after closing down 0.3 percent on Monday.
    Taiwan stocks also took heart after the S&P 500        and
Dow Jones Industrial Average         narrowed their losses
overnight from earlier in the session, and the Nasdaq        
ended higher.               
   Taiwan's electronics subindex         gained 0.5 percent,
leading the gains along with the construction index         and
transportation index        , both of which also rose more than
0.5 percent.
    The financial subindex         was down 0.1 percent.   
    Among actively traded shares, Taiwanese conglomerate Formosa
Plastics           was up 0.2 percent. 
    The Taiwan dollar          continued a firming streak to
strengthen T$0.100 against the U.S. dollar to T$30.150, as it
heads toward a strong T$30.00 level not seen since September
2014.

 (Reporting by Jess Macy Yu; Editing by Amrutha Gayathri)
  

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