Taiwan stocks jump

Taiwan stocks closed slightly higher on Thursday after 2 days of losses, as investors ventured back for bargains in microchip shares like Powerchip that largely ignored weakness in US counterparts.
The main TAIEX recouped early losses, ending up 0.34 percent at 5,891.05. The day's rebound followed a 1-percent retreat from a 3-month closing high reached on Monday.
But turnover was flat with the last session at T$69.28 billion after software firm Summit Computer Technology Co said it had inflated revenue figures for the past 4 years, sparking concerns over bad debt.
Summit Computer shares slumped the daily 7 percent limit to T$2.86 at the open and remained there for the session.
Shares in United Microelectroics Corp (UMC), the world's second-largest contract chipmaker, was flat at T$21.60, despite winning orders for advanced chips from Japanese office machine maker Ricoh Co Ltd.
The over-the-counter market's TAISDAQ index rose 0.93 percent to close at 117.31, but the October TAIEX futures inched down 0.05 percent to 5,868.