Taiwan stocks rose 0.31 percent on Friday, joining regional bourses in gains sparked by firm US economic data and hopes that a deal over Greece's woes is close, with Ta Chong Bank limit up after a Reuters report that Carlyle Group has begun a process to sell its stake.
Also helping the market was a comment from the regulator late on Thursday that it would seek to maintain market stability, after talk in the government over the possible re-imposition of a capital gains tax on stock trading had worried some investors. The main TAIEX index ended up 24.66 points at 7,894.36. Paper and pulp sector and oil and gas topped gainers, while department stores were the biggest losers. Electronics gained 0.24 percent, banks were flat. The Taiwan dollar strengthened by T$0.078 to trade at T$29.557. Foreign investors were net sellers on Thursday, bringing their total buying to T$34.9 billion this month.
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