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Taiwan: Stocks head to 10,000-poimt mark; TSMC, Hon Hai up despite dip in iPhone sales


[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.

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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.

The Taiwan dollar firmed NT$0.075 to NT$29.987 per US dollar.