Taiwan’s Stocks Climb Most Since 2013 on China Equity Link Bets
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Taiwan’s stocks rallied the most in nearly two years as financial companies jumped on speculation the island will broaden access to China’s capital markets.
The benchmark Taiex index climbed 1.9 percent to 9,797.49 at the close in Taipei, completing its biggest advance since July 2013. A gauge of banks, brokerages and insurers surged 4.7 percent, the most since December 2011. Cathay Financial Holding Co. and Fubon Financial Holding Co., the island’s two biggest lenders by market capitalization, advanced at least 4.7 percent.