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Taiwan: Stocks edge higher led by techs, financials

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[TAIPEI] Taiwan stocks were slightly up on Wednesday, but mostly consolidating on a lack of strong leads, led by technology and financial shares.

As of 0424 GMT, the main Taiex index was up 0.3 per cent at 9,244.99 points, after closing down 0.5 per cent in the previous session.

The electronics subindex rose 0.5 per cent, while the financials subindex gained 0.7 per cent.

Big-cap chipmaker TSMC was up 0.8 per cent, ahead of its third-quarter earnings on Thursday, which some analysts expect will hit a record quarterly high on supply of processors and chips for Apple Inc's latest smartphones.

Memory chipmaker Inotera's shares were nearly one per cent higher, after it said Micron Technology's deal to buy full control of its Taiwanese joint venture at NT$30 a share was going forward with Inotera's last trading date and delisting to happen at the end of November.

The Taiwan dollar eased NT$0.003 to NT$31.616 per US dollar.


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