Taiwan stocks rose on Wednesday along with other regional bourses, led by gains in exchange traded funds targeting Chinese markets, after China stepped up efforts to curb bets against its currency and reassure sceptical investors. As of 0129 GMT, the main TAIEX index rose 1.1 percent, to 7,856.84 points, with electronics shares 1.1 percent higher and financials up 0.9 percent.
The broader market fell on Tuesday, its sixth loss in seven sessions so far this year. The Taiwan dollar firmed T$0.307 to T$33.360 per US dollar, rebounding from its weakest closing level in nearly seven years on Tuesday. Among the most active stocks, the Fubon SSE180 Leveraged 2X Index ETF and the Yuanta Daily CSI300 BULL 2X ETF both jumped more than 4 percent.