Taiwan stocks rise; TSMC, banks up

Reuters

Wed, Oct 2, 2013, 9:11 PM

TAIPEI, Oct 3 (Reuters) - Taiwan stocks jumped 1.5 percent

on Thursday, beating most regional bourses, led by chip maker

TSMC on a local media report that 7 percent of its

revenue will be contributed by Apple Inc's new

generation processor A7X.

At about two hours into trade, the main TAIEX index

climbed to 8,338.56 points, extending the 1.15 percent gain in

the prior session.

TSMC, the world's top contract chip maker, rose 3 percent,

boosting semiconductor shares by 2 percent.

Major sectors were all in the positive territory, with techs

and banks both trading more than 1 percent higher. These two are

the most heavily weighted sectors of the market.

However, touch screen maker Wintek saw a 1.2

percent decline. Its third-quarter revenue failed to meet

expectations, according to a local media report.

The Taiwan dollar was up T$0.169 to stand at

T$29.44 to the U.S. dollar.

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