TAIPEI Dec 1 Taiwan stocks rose to a three-week
high on Thursday along with other regional bourses, led by gains
in financial stocks such as Cathay Financial Holdings.
As of 0347 GMT, the main TAIEX index was up 0.3
percent at 9,270.93 points, highest since Nov. 9.
The electronics subindex stayed flat, while the
financials subindex gained 0.9 percent.
Cathay Financial and Fubon Financial Holdings Co Ltd
, parent companies of Taiwan's two biggest life
insurers, advanced as much as 2.8 percent and 1.31 percent
ChipMOS Technologies was up 5.12 percent after
opening 9 percent higher. The chip test and packaging firm said
it scrapped a planned $373 million stake sale to China's
Tsinghua Unigroup due to uncertainty about Taiwanese regulatory
The Taiwan dollar softened T$0.009 to T$31.899 per
In Asian equities, Australian stocks climbed 0.8
percent and Japan's Nikkei gained more than 2 percent on
a weaker yen to hit an 11-month high.
(Reporting by Faith Hung; Editing by Sherry Jacob-Phillips)