Taiwan: Stocks up; tech, Hon Hai family companies rise

[TAIPEI] Taiwan stocks rose on Thursday, boosted by a strong showing by the island's key tech sector and companies related to world's No.1 contract electronics manufacturer Hon Hai Precision Industry Co Ltd.

As of 0142 GMT, the main TAIEX index rose 0.9 per cent, to 9,481.73, ahead of other regional and global bourses, after closing at 9,397.31 in the previous session, flat from the day before.

The financials subindex gained 0.4 per cent, while the electronics subindex rose 1.1 per cent.

Apple Inc assembler Hon Hai, which hosts its annual investor conference on Thursday, rose 1.64 per cent. Flat panel maker Innolux Corp and fellow contract manufacturer Foxconn Technology Co Ltd, both of which are partially owned by Hon Hai or its founder, Terry Gou, also rose 2.56 per cent and 3.2 per cent, respectively.

Hon Hai was also the most actively-traded stock in Thursday's session.

The Taiwan dollar firmed TW$0.116 to TW$30.936 per US dollar.

REUTERS