Taiwan stocks rose 1.1 percent to a five-week closing high on Monday, beating most regional bourses, on media reports that the cabinet is ready to shore up the sluggish stock market with T$300 billion ($10 billion) from state-owned banks and government pension funds.
The main TAIEX index ended up 81.36 points at 7,407.37, a level not seen since October 19. Among the best-performing sectors, glass makers and automakers both surged more than 3 percent. The Taiwan dollar rose slightly to stand at T$29.114 against the US dollar.
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