TAIPEI Dec 13 Taiwan stocks rose on Tuesday in
cautious trade, as investors await the U.S. Federal Reserve's
meeting later this week, and paced by gains in financial
heavyweights such as Cathay Financial Holding.
As of 0356 GMT, the main TAIEX index was up 0.1
percent at 9,360.88 points, after closing lower at 9,349.94
points in the previous session.
The electronics subindex rose as much as 0.4 percent
while the financials subindex gained up to 0.6 percent.
Cathay, the parent company of Taiwan's biggest life insurer,
climbed as much as 0.7 percent. Rival firm Fubon Financial
Holding Co Ltd rose as much as 1.8 percent.
The Taiwan dollar firmed T$0.076 to T$31.788 per
Asian shares were on tenterhooks on Tuesday as investors
awaited the Fed's meeting that begins later in session for clues
on the outlook for U.S. monetary policy, while crude oil prices
pulled back after their surge to 18-month highs.
(Reporting by Faith Hung; Editing by Sherry Jacob-Phillips)