TAIPEI: Taiwan stocks rose slightly on Wednesday amid caution ahead of the release of fresh economic data in China.
China, a key trading partner for Taiwan, is expected to post its weakest growth since the global financial crisis, which together with a stock market rout raises pressure on authorities to do more to stir the economy after a run of stimulus steps has had little impact.
The main TAIEX index was up 0.5 percent at 9,088.92 as of 0117 GMT, after closing higher 0.1 percent in the previous session.
The electronics subindex rose 0.5 percent, while the financials subindex gained 0.8 percent.
The semiconductor subindex was up 0.2 percent.
Inotera Memories was higher 0.4 percent, after closing limit up 10 percent in the previous session on the reported offer by China’s state-backed Tsinghua Unigroup Ltd to buy Micron Technology, one of the largest shareholders in the Taiwanese memory chipmaker.
