TAIPEI, Sept 7: Taiwan stocks rose 1.3 percent on Friday, gaining along with regional bourses, after the European Central Bank outlined a bond-buying scheme to help calm the euro zone’s debt crisis, lifting investor sentiment towards risk.
The main TAIEX index ended 98.19 points higher at 7,424.91, paced by gains in cement, up 3.7 percent, and steel, up 2.75 percent.
All sub-indexes except oil and gas were gainers.
Smartphone maker HTC gained 3 percent. The company said its August sales slipped from July and were well below the year-ago month.
The Taiwan dollar rose by T$0.093 to stand at T$29.809.
Foreign investors were net sellers on Thursday, bringing their total selling to T$14.4 billion this month.
(AGENCIES)
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