Taiwan stocks rise; industrials, electronics up

Right Way Industrial Co

07/03/2017 03:10

TAIPEI, March 7 (Reuters) - Taiwan stocks rose on Tuesday 
buoyed by industrial and electronic shares, while Asian shares 
traded flat tracking overnight Wall Street losses.  
    A lack of detail on U.S. President Donald Trump's proposals, 
his isolationist stance and setbacks in filling his Cabinet have 
caused some investors to question whether the post-election 
rally has run its course as stock valuations become stretched. 
 urn:newsml:reuters.com:*:nL2N1GJ1JX 
    As of 0308 GMT, the main TAIEX index  .TWII  was up 0.4 
percent at 9721.68. It closed up 0.36 percent in the previous 
session. 
   The electronics subindex  .TELI  climbed as much as 0.5 
percent, while the financial subindex  .TFNI  was flat.    
    Vehicle parts manufacturer Right Way Industrial Co Ltd 
 1506.TW  jumped as much as 10 percent, while Jye Tai Precision 
Industrial Co Ltd  6165.TW , an electrical components and 
equipment manufacturer, surged as much as 9.9 percent.   
   In terms of currencies, the euro slid on fears that an 
anti-European Union candidate may be elected France's next 
president after a former French Prime Minister ruled out an 
election run.  urn:newsml:reuters.com:*:nL5N1GJ1LF 
    In Japan, the Nikkei in Japan dropped on demand for 
safe-haven yen.  urn:newsml:reuters.com:*:nL3N1GK05L  
    The Taiwan dollar  TWD=TP  was down T$0.010 to stand at 
T$30.972 to the U.S. dollar. 
 
 (Reporting by Jess Macy Yu; Editing by Sherry Jacob-Phillips) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2500-4882 x501;)) 
 
Keywords: TAIWAN STOCKS/