Taiwan: Stocks track regional markets higher; TSMC, Hon Hai inch up

[TAIPEI] Taiwan stocks rose in line with some regional bourses on Wednesday, helped by gains in heavyweights such as Taiwan Semiconductor Manufacturing Co and Hon Hai Precision.

As of 0112 GMT, the main TAIEX was up 0.4 per cent at 8,187.87. It closed slightly higher at 8,156.29 in the previous session, after hovering at its lowest level since February.

The electronics subindex rose 0.5 per cent, while the financials subindex gained 0.2 per cent.

Shares of TSMC, the world's top contract chip maker, rose 0.7 per cent. The company on Tuesday posted an 11.3 per cent decline in April sales year-on-year.

Hon Hai, the world's biggest electronics component maker, inched up 0.3 per cent. It reported an 8.5 per cent fall in April sales on Tuesday.

The Taiwan dollar firmed T$0.024 to T$32.509 per US dollar.

REUTERS