Taiwan stocks close 0.35 pct up

Taiwan stocks finished up 0.35 per cent on Monday, buoyed by optimism that a trade deal with China will lift business prospects, while some financial stocks continued to benefit from last week s surprise interest rate rise. The economic cooperation framework agreement, or ECFA, gives preferential treatment to Taiwan banks in setting up operations in China and removes tariffs from hundreds of Taiwanese products exported to the mainland. Taiwan and China will also discuss an accord for insurance firms in follow-up talks to the ECFA deal, which will be signed this week. The banking sub-index rose 2.2 per cent and transport ...

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