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Taiwan: Stocks rise; Apple suppliers up despite company's results

Wednesday, January 27, 2016 - 10:35
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[TAIPEI] Taiwan stocks rose on Wednesday along with other regional bourses, with suppliers of Apple Inc such as Pegatron and TSMC extending gains despite the mobile company's slowest-ever increase in iPhone shipments and forecast of its first revenue drop in 13 years.

As of 0137 GMT, the main TAIEX index rose 0.3 per cent to 7,851.26 points, after closing at 7,828.67 points in the previous session.

The electronics subindex rose 0.2 per cent, while the financials subindex gained 0.6 per cent.

Pegatron and Taiwan Semiconductor Manufacturing Co (TSMC) were both up about 1 per cent.

The results of Apple have been priced in Pegatron and other suppliers' stock prices, traders and analysts said.

The Taiwan dollar firmed TW$0.134 to TW$33.591 per US dollar.

REUTERS