TAIPEI, Nov 30, 2007 (AP) -- Taiwan shares rose Friday, boosted by anticipation of a cut in the key U.S. interest rate next month.

The Weighted Price Index of the Taiwan Stock Exchange rose 139.37 points, or 1.65 percent, to 8,586.40.

Cecelia Lu of Taiwan International Securities said the Taiwan market is picking up on positive cues from Wall Street.

"The U.S. market has been rising in past days on hopes for a rate cut (in December)," Lu said. "That plays an important role in Taiwan shares."

Wall Street's anticipation of a rate cut followed comments from Federal Reserve Chairman Ben Bernanke in a Thursday speech that investors interpreted as meaning another reduction is on the way to boost the U.S. economy.

In Friday's trade, the rubber sector index gained 4.7 percent. The shipping index rose 3.9 percent.