TAIPEI, April 5 (Reuters) - Taiwan stocks rose on Wednesday lifted by the 8 percent surge in shares of Hon Hai Precision , the world's largest contract electronics maker and a key Apple Inc supplier.

As of 0150 GMT, the main TAIEX index rose 1.1 percent, to 9,915.13 points, after closing down 0.4 percent on Friday. Taiwan's financial markets where shut Monday and Tuesday for public holidays.

The electronics subindex rose 1.6 percent, while the financials subindex gained 0.2 percent.

Shares in Hon Hai, which goes by the trade name of Foxconn, were up 8 percent, after posting a surprising 30 percent rise in net profit for the fourth quarter of last year, defying expectations for a decline.

Hon Hai's strong profit gain came mainly due to solid bookings for the bigger-sized iPhone 7 Plus models, analysts said.

The next iPhone iteration, iPhone 8, due for launch later this year, will benefit Hon Hai this year, Yuanta Investment Consulting said. It set Hon Hai's share 12-month target price at T$108, implying a more than 10 percent upside compared to around T$97 now.

The Taiwan dollar softened T$0.045 to T$30.381 per U.S. dollar.

(Reporting by J.R. Wu; Editing by Randy Fabi)