Taiwan stocks higher

Taiwan stocks ended up 1.46 percent on Tuesday, joining regional bourses in gains and paced by real estate firms on optimism over rising property prices as a new subway line in the capital Taipei begins operation this week. Banking shares also rose 2.59 percent, with Hua Nan Financial 1.88 percent higher.
The state-run bank is seeking a 20 percent stake of China's Fujian Haixia Bank for about T$10 billion ($333 million), said a company source with direct knowledge of the matter, in a sign that cross-strait banking investments may take off. The main TAIEX index rose 101.17 points to 7,053.38, recovering from a 1.69 percent slide in the prior session. Construction was the biggest gainer, surging 3.09 percent. maximum limit of 7 percent.