TAIPEI: Taiwan stocks rose slightly on Monday but gains were capped by a weak reading in manufacturing activity at home.
As of 0220 GMT, the main TAIEX index rose 0.2 per cent to 9,834.80, after closing down 0.3 per cent on Thursday.
Taiwan’s financial markets were shut Friday for the Labor Day holiday. After the long weekend, gains were limited by tentative trading in overseas markets.
The HSBC’s PMI reading issued on Monday for Taiwan contracted for the first time in 20 months in April, indicating a sluggish start for the tech export-driven, trade reliant economy in the second quarter.
