Taiwan stocks higher

Taiwan stocks ended 0.31 percent higher on Monday, with HTC surging 5.9 percent after closing limit-up in the previous session, ahead of its launch of three Windows 8 phones on Wednesday in the US. Computer maker Acer jumped 4.51 percent. The main TAIEX index rose 24.17 points to 7,762.22, after opening up 0.39 percent. The transport and tourism sub-indices were the biggest gainers, up 2.23 percent and 2.09 percent respectively.
Banking shares gained 1.22 percent, with Cathay Financial advancing 3.73 percent. Electronics shares were flat. The Taiwan dollar was up by T$0.199 to trade at T$29.27. Foreign investors were net buyers on Friday, bringing their total buying to T$21.75 billion this month.