Taiwan stocks rise
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 per cent at 8,474.14 points. The electronics subindex rose 0.9 per cent, while the financials subindex gained 1.0 per cent. Fubon, the parent of Taiwan’s second-biggest life insurer, jumped 1.7 per cent. 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 per cent. The Taiwan dollar firmed T$0.173 to T$32.474 per US dollar.