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Taiwan: Stocks edge up, Apple suppliers, Coretronics gain


[TAIPEI] Taiwan stocks rose on Thursday along with gains on Wall Street, with Apple Inc suppliers trading higher after the iPhone maker posted a near doubling of revenue from China.

As of 0103 GMT, the main TAIEX index was up 0.4 per cent at 8,698.01 points, after closing at 8,665.99 points in the previous session.

The electronics subindex rose 0.5 per cent, while the financials subindex lost 0.1 per cent.

Largan Precision and TPK Holdings, both of which supply components to Apple, added more than 1 per cent.

Coretronics, which makes panels for Apple iPads, was up 1 per cent. Coretronic will close down one of its major plants in eastern China owing to falling sales of iPads across the world.

The Taiwan dollar firmed TW$0.037 to TW$32.649 per US dollar.