Taiwan stocks closed up 1.78 percent on Friday, ending a three-session losing streak, as Acer led gains after the world's No 3 PC company reported earnings in line with market estimates. The main TAIEX share index finished 119.11 points higher at 6,809.86, wrapping up the day to post a 2.3 percent weekly gain.
Acer, the session's fifth most active share by turnover, rose 3.25 percent, outperforming the electronics sub-index's 1.88 percent rise. Shares of Formosa Plastics, a top Asia petrochemical producer, rose 2.19 percent after the company logged a better-than-expected second-quarter net profit
Taiwan stocks fell more than 2 percent in the past three days as political uncertainty and worries over an H1N1 outbreak triggered a broad sell-off. TSMC rose 1.19 percent on outsourcing orders from Japan's Fujitsu. Quanta and Compal advanced 2.67 percent and 2.19 percent, respectively.