Taiwan shares ended up 0.19 percent on Thursday, with bellwether TSMC leading technology stocks higher ahead of its quarterly earnings result. The main TAIEX share index climbed 15.39 points to 8,000.04.
The electronics sub-index rose 0.16 percent, boosted by contract chip maker Taiwan Semiconductor Manufacturing Co (TSMC), which gained 0.87 percent to T$69.90, its highest close since March 26.
"Investors are expecting upbeat guidance from TSMC on its H2 outlook," said Andrew Wang, who manages T$7.5 billion (US $227 million) for Prudential Financial. The fund manager said that he planned to allocate 90 percent of his money to stocks for May, unchanged from his current holding, as he is bullish about the market outlook. TSMC said after the market closed that quarterly profit was T$18.839 billion, slightly higher than market estimates.
It also said it expected second-quarter sales to be between T$73 billion (US $2.2 billion) and T$75 billion, up from T$64.90 billion in the first quarter. The company will give guidance on its prospects later today.
Computing devices maker BenQ, which posted its sixth straight quarterly loss on Wednesday, climbed the 7-percent daily limit. BenQ said on Wednesday that it would set aside its struggling BneQ brand to refocus on making parts for the world's big computer makers.
Advanced Semiconductor Engineering, the world's top chip packager, slumped 4.47 percent after reporting a slide in quarterly earnings on Wednesday. Uni-President Enterprises, Taiwan's top food conglomerate, fell 1.62 percent.
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