Taiwan stocks rise

Taiwan stocks rose on Monday tracking overseas markets higher amid mostly broad-based gains. As of 0417 GMT, the main TAIEX index was up 0.6 percent at 9,683.82, after closing down 0.3 percent in the previous session. The index has been consolidating between 9,600 and 9,800 in the past month. The electronics subindex rose as much as 0.8 percent, while the financials subindex gained up to 0.6 percent. Among the big-caps, Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, climbed as much as 1.4 percent. The Taiwan dollar firmed T$0.094 to T$30.942 per US dollar.