Taiwan stocks recouped early losses to rise 0.63 percent on Monday, as investors chased smartphone maker HTC Corp and cellphone parts suppliers on hopes of a brighter earnings outlook this year. The communications & Internet sub-index jumped 1.75 percent. The financial sector rose 0.4 percent and the transportation sector shot up 2.8 percent amid growing trade ties between Taiwan and China.
HTC shot up 5.6 percent and Wintek Corp, which makes touch panels for mobile phones and other portable gadgets, jumped 2.6 percent. They were the market's two most actively traded stocks by turnover. The main TAIEX share index tracked Wall Street lower before buying kicked in by midday. It closed up 49.64 points at 7,941.22. Last week US stocks had their worst week in six, slumping toward the close on Friday as economic data gave little reason to reverse a string of sell-offs.