TAIPEI, June 28: Taiwan stocks rose mainly on technical buying Tuesday as the market struggled to hold on to intraday gains ahead of a quarterly policy meeting by the central bank later this week where key rates are expected to be cut. The 0.6 percent gain in big-capped contract chipmaker TSMC pushed the index higher, but early advances were eroded as investors fretted over losses in regional bourses as uncertainties continued over Brexit.As of 0231 GMT, the main TAIEX index rose 0.1 percent to 8,469.31, after closing down 0.2 percent in the previous session. Traders said key support was seen around 8,401 and then at 8,370.The electronics subindex rose 0.3 percent, while the financials subindex lost 0.1 percent.Shares in China Airlines fell more than 4 percent to trade near their historic lows as local media reported that Taiwan’s largest airline could face a second strike as other crew and ground staff reportedly seek better working conditions.Hundreds of flight attendants walked off their jobs briefly late last week before the carrier’s management agreed to working conditions the protestors were seeking.The Taiwan dollar firmed T$0.068 to T$32.465 per U.S. dollar. (AGENCIES)
Trending Now
E-Paper
Follow our WhatsApp channel