Taiwan stocks rose 0.8 percent on Tuesday, paced by gains in heavyweights such as TSMC on expectations of an imminent deal to reopen the US government and avoid a possible debt default. At around one hour into trade, the main TAIEX index had climbed to 8,337.65, joining other regional bourses in gains and recovering from a loss in the previous session. TSMC, the world's top contact chip maker and the most heavily weighted stock, jumped 1 percent, boosting electronics shares by 0.9 percent.
Banking stocks were up 0.2 percent. China's top insurance regulator is set to meet its Taiwan counterpart for the first time this week for discussions of topics including opening markets to each other wider.
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