Taiwan stocks rose 0.7 percent on Thursday, buoyed by minutes from the US Federal Reserve's last meeting, reassuring investors that policymakers will continue to support the world's biggest economy. Tech shares rose 0.9 percent, led by a 1 percent rise in Hon Hai Precision, which makes iPhones for Apple Inc. Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chipmaker, gained 0.4 percent.
About one hour into trade, the main TAIEX index had climbed to 8,924.14, recovering from a 0.3 percent slide in the prior session. The financial sub-index added 0.45 percent. CTBC Financial, parent of Taiwan's largest credit card issuer, rose 0.5 percent.
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