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Taiwan: Stocks rise in line with regional peers; TSMC rallies

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[TAIWAN] Taiwan stocks rose along with other regional bourses on Thursday, led by TSMC which hit a nearly 10-month high after its mixed forecast for the first quarter buoyed investors.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chipmaker, rose as much as 2 per cent to T$151, its highest level since April 2015, after it gave a mixed guidance for the January-March quarter.

As of 0133 GMT, the main TAIEX index rose 1.2 per cent, to 8,315.37 points, after closing at 8,214.25 in the previous session.

The electronics subindex rose 1.2 per cent, while the financials subindex gained 1.4 per cent.

The Taiwan dollar firmed T$0.281 to T$33.224 per US dollar.

REUTERS

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