Shares in Taipei rose almost 3 per cent yesterday to lead a broad rally in Asian stock markets after the island's government said it would send cabinet members to Beijing to discuss cross-strait financial ties.
Cathay Financial advanced 6.9 per cent to T$48.55 on hopes of better business with the mainland. Taishin Financial gained 6.17 per cent to T$12.05.
Taiwan Semiconductor Manufacturing, a maker of custom chips, rose 3.1 per cent to T$52.90 on optimism that demand for its electronic components would improve.
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