Taiwan stocks rally, hit over 20-month high on foreign buying

Shin Kong Financial Holding Co

10/02/2017 02:42

TAIPEI, Feb 10 (Reuters) - Taiwan stocks rose on Friday 
boosted by optimism over recent foreign investors' buying and in 
line with overseas markets, to their highest in more than 20 
months.  
    As of 0154 GMT, the main TAIEX index  .TWII  was up 0.7 
percent at 9,660.18, its highest since June 1, 2015. In the 
previous session, the index ended 0.5 percent higher, to its 
strongest closing since early June 2015.  
    Foreign investors were net buyers in Taiwan stocks on 
Thursday. They account for about a third of all stock trading.  
 urn:newsml:reuters.com:*:nL4N1AQ2O5  
    The electronics subindex  .TELI  climbed as much as 0.5 
percent, while the financials subindex  .TFNI  gained up to 1.4 
percent.  
    Among actively traded financials, Shin Kong Financial 
Holding Co Ltd  2888.TW  rose as much as 9.7 percent, while 
Cathay Financial Holding Co Ltd  2882.TW  advanced up to 3.6 
percent on bargain hunting after recent losses.  
    The Taiwan dollar  TWD=TP  softened T$0.066 to T$31.112 per 
U.S. dollar.      
 
 (Reporting by J.R. Wu; Editing by Sherry Jacob-Phillips) 
 ((jr.wu@thomsonreuters.com; +886 2 2500 4881; Reuters 
Messaging: jr.wu.thomsonreuters.com@reuters.net)) 
 
Keywords: TAIWAN STOCKS/