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Taiwan: Stocks rise; TSMC, Hon Hai track Apple shares higher

Thursday, November 17, 2016 - 12:19

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[TAIPEI] Taiwan stocks rose on Thursday, led by Taiwan Semiconductor Manufacturing Co and other Apple Inc suppliers after Apple shares gained more than 2 per cent in US trading on Wednesday.

As of 0353 GMT, the main Taiex index rose 0.3 per cent to 8,984.69 points, after closing higher at 8,962.22 points in the previous session.

The electronics subindex rose 0.4 per cent, while the financials subindex gained 0.1 per cent.

TSMC, the world's biggest contract chip maker, rose 0.6 per cent. Hon Hai Precision Industry jumped 1.4 per cent. Apple and other tech stocks showed signs of a revival after Donald's Trump election victory a week ago.

The Taiwan dollar softened NT$0.042 to NT$31.890 per US dollar.

REUTERS

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