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Taiwan: Stocks rise; tech heavyweights gain

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A man walks past a board showing stock market prices inside a brokerage in Taipei, Taiwan.

[TAIPEI] Taiwan stocks rose 0.3 per cent on Monday, led higher by heavyweights such as TSMC as market sentiment was bolstered by gains in other regional bourses.

As of 0130 GMT, the main TAIEX index rose 0.4 per cent, to 9,080.67, after closing at 9,045.98 in the previous session.

The electronics subindex rose 0.4 per cent, while the financials subindex gained 0.4 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, jumped 0.7 per cent. Hon Hai Precision Industry, a major assembler of Apple's iPhones, was up 0.6 per cent.

The Taiwan dollar firmed T$0.195 to T$31.117 per US dollar.

AU Optronics, down 3.7 per cent to T$11.60, Innolux , down 5.2 per cent to T$12.90, were among the most active stocks on the exchange.

REUTERS