Taiwan stocks edge up

Dhaka,  Tue,  23 May 2017
Published : 13 Apr 2017, 12:51:28
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Taiwan stocks edge up

Taiwan stocks edge up
Taiwan stocks rose slightly on Thursday, paced by gains in Taiwan Semiconductor Manufacturing Co (TSMC) ahead of its quarterly results.

The main TAIEX index was up 0.3 per cent at 9,850.56 as of 0200 GMT, beating some regional bourses and recovering from a 0.2 per cent drop in the previous session.

The electronics sub-index rose 0.4 per cent, while the financials sub-index gained 0.1 per cent.

TSMC, the world's largest contract chip maker and a major Apple Inc supplier, climbed 0.3 per cent. The company is set to report its first-quarter results and give guidance for the second quarter later in the day.

Hon Hai Precision, another major supplier to Apple, rose nearly 2.0 per cent. Hon Hai made the second highest offer, of about 2 trillion yen, for Toshiba Corp's chip unit after Broadcom Ltd, a source briefed on the matter said on Thursday.

The Taiwan dollar firmed T$0.175 to T$30.381 per US dollar, according to Reuters.
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