TAIPEI: Taiwan stocks closed up 0.86 percent on Saturday at five-month fresh closing high, led by banking shares, up 4.03 percent, as investors bet on banks benefitting from closer economic ties with mainland China.
The main TAIEX index rose 66.25 points to 7,741.24, after opening up 0.74 percent.
Electronics shares climbed 0.24 percent, with HTC jumping 2.83 percent as it caught up to gains in the benchmark TAIEX ahead of investor conference on Monday.
Tourism counters gained 0.96 percent, after media reports that more individual tourists travelling from China will be allowed starting in March.
The Taiwan dollar was up by T$0.072 to trade at T$29.473.
Foreign investors were net buyers on Friday, bringing their total buying to T$7.32 billion this month.
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