TAIPEI Oct 18 Taiwan stocks rose on Tuesday in
line with other Asian markets, but the gains may be short-lived
due to continued selling by foreign investors.
As of 0424 GMT, the main TAIEX index was up 0.2
percent at 9,194.77, after closing 0.1 percent higher at
9,176.22 in the previous session.
The electronics subindex stayed flat, while the
financials subindex gained as much as 0.4 percent.
Foreign investors were net sellers of Taiwan stocks for a
third straight session on Monday.
The Taiwan dollar firmed T$0.055 to T$31.715 per
Asian stocks gained on Tuesday on a rebound in oil prices
and the dollar consolidated recent gains, although underlying
risk appetite was cautious on concerns over capital outflows and
weak data, especially from China.
(Reporting by Faith Hung; Editing by Sherry Jacob-Phillips)