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Taiwan: Stocks up following gains in US tech share markets


[TAIPEI] Taiwan stocks were broadly higher on Tuesday mainly boosted by gains in US tech shares.

Benchmark heavyweight chipmaker TSMC was up 1.5 per cent and major Apple supplier Hon Hai Precision was 0.1 per cent higher, after rallies in U.S. markets. The Nasdaq 100 closed at its highest level in more than 15 years.

Taiwanese technology shares tend to take their cues from their counterparts in the United States.

As of 0215 GMT, the main TAIEX index rose 1.0 per cent, to 8,700.98, after closing up 0.7 per cent in the previous session.

The electronics subindex rose 1.1 per cent, while the financials subindex gained 1.1 per cent.

The Taiwan dollar firmed T$0.321 to T$32.400 per U.S. dollar.