TAIPEI: Taiwan stocks rose on Thursday, paced by gains in Fubon Financial Holdings after it posted a record net profit for the first nine months of the year.
As of 0138 GMT, the main TAIEX index was up 1.1 percent at 8,474.14 points.
The electronics subindex rose 0.9 percent, while the financials subindex gained 1.0 percent.
Fubon, the parent of Taiwan’s second-biggest life insurer, jumped 1.7 percent. Its January-September net profit was T$58.1 billion ($1.8 billion), better than any of its competitors.
Bigger rival Cathay Financial added 0.8 percent.
The Taiwan dollar firmed T$0.173 to T$32.474 per U.S. dollar.
