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Taiwan stocks rise to over 1-1/2-yr high, tracking overseas markets
February 13, 2017 / 3:46 AM / 7 months ago

Taiwan stocks rise to over 1-1/2-yr high, tracking overseas markets

    TAIPEI, Feb 13 (Reuters) - Taiwan stocks rose on Monday to a
more than one-and-a-half-year high, tracking gains in overseas
markets.
    Asian shares ticked up, helped by renewed optimism over U.S.
President Donald Trump's tax reform plans and his change of tack
to agree to honour the "one China" policy, and generally upbeat
global economic data.            
    As of 0326 GMT, the main TAIEX index         was up 0.4
percent at 9,701.49. Earlier in the session, it had risen to a
peak of 9,709.28, its highest since May 2015. 
    On Friday, the index closed up 0.8 percent. 
    The electronics subindex         rose 0.6 percent, while the
financials subindex         was unchanged. 
    Among big caps, Hon Hai Precision Industry Co Ltd          ,
the world's largest electronics maker, was up 0.7 percent and
TSMC          , the world's largest contract chipmaker, was 1.1
percent higher. 
    The Taiwan dollar          firmed T$0.037 to T$31.014 per
U.S. dollar.

 (Reporting by J.R. Wu; Editing by Subhranshu Sahu)
  

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