Taiwan stocks rise, led by tourism, China plays

TAIPEI, Aug 30 (Reuters) - Taiwan stocks rose 0.24 percent on
Monday, with tourism shares and other China plays rising on hopes
of better trade ties between Taiwan and China, though tech shares
weakened on fears over slower technology demand.

The main TAIEX share index .TWII rose more than 1 percent
by midday before losing momentum to close up 18.29 points at
7,741.20. It logged its worst weekly fall in four months last
week.

The tourism sub-index .THOI rose 2.2 percent on
expectations of increasing Chinese tourists to the island, and
the financial sector .TFNI jumped 0.77 percent.

The electronics sub-index .TELI edged down 0.05 percent.
U.S. chipmaker Intel Corp (INTC.O) warned of weaker revenue for
the third quarter last Friday. [ID:nN27260125]
(US$1=T$32)
(Reporting by Baker Li; Editing by Jonathan Standing)