Taiwan's TAIEX advanced as Chinatrust Financial Holding Co (中國信託金控) gained after its banking unit said pre-tax profit rose more than two-thirds in the first half.
The TAIEX added 25.76, or 0.5 percent, to 4995.08, after slumping 3.6 Monday to its lowest this year.
More than three stocks rose for every two that fell. The total value of trade was NT$43.2 billion (US$1.3 billion).
"It's a rebound after yesterday's fall," said Lin Che-cheng (林哲正), who manages NT$3.3 billion (US$98.3 million) in stocks at Capital Trust Investment Corp (群益投信).
"The finance companies are quite stable investments, and in the long term they're improving their business by getting rid of their bad loans."
Taiwan Semiconductor Ma-nufacturing Co (TSMC, 台積電) declined after its US-traded shares had their largest one-day percentage drop since Sept. 25. TSMC lost NT$1, or 1.5 percent, to NT$66.
Chinatrust Financial rose 90 cents, or 3.1 percent, to NT$30.10. Chinatrust Commercial Bank (中信銀) said pre-tax profit rose more than two-thirds in the first half from a year ago to NT$8.36 billion.
Shares also rose after local media said that government funds bought shares in banking stocks. First Commercial Bank (第一銀行), which counts Taiwan's government as its biggest shareholder, rose NT$1.20, or 5.5 percent to NT$23.20.
The government has four main government-linked funds: the Labor Retirement Fund, the Postal Savings Fund, the Civil Servant Pension fund and the Labor Insurance Fund.
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