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Home International Markets

Taiwan stocks nose higher in early trade, TAIEX climbs up 0.4%

byCustoms Today Report
29/10/2015
in International Markets
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TAIPEI: Taiwan stocks rose on Thursday along with gains on Wall Street, with Apple Inc suppliers trading higher after the iPhone maker posted a near doubling of revenue from China.

As of 0103 GMT, the main TAIEX index was up 0.4 percent at 8,698.01 points, after closing at 8,665.99 points in the previous session.

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The electronics subindex rose 0.5 percent, while the financials subindex lost 0.1 percent.

Largan Precision and TPK Holdings, both of which supply components to Apple, added more than 1 percent.

Coretronics, which makes panels for Apple iPads, was up 1 percent. Coretronic will close down one of its major plants in eastern China owing to falling sales of iPads across the world.

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