Taiwan: Stocks head to 10,000-poimt mark; TSMC, Hon Hai up despite dip in iPhone sales
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[TAIPEI] Taiwan stocks rose on Wednesday, tracking other regional bourses higher, with Apple Inc suppliers including TSMC shrugging off a surprise dip in sales for the iPhone maker.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chipmaker and a major Apple supplier, climbed 0.5 per cent.
Hon Hai Precision Industry, another major supplier, added 0.5 per cent.
Apple reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.
As of 0135 GMT, the main Taiex index rose 0.2 per cent to 9,960.55, on track towards the 10,000-point milestone, which would be its highest intraday level in two years.
The electronics subindex rose 0.3 per cent, while the financials subindex gained 0.2 per cent.
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The Taiwan dollar firmed NT$0.075 to NT$29.987 per US dollar.
REUTERS
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