Taiwan stocks up

10 Aug, 2012

Taiwan stocks extended gains and ended 1.56 percent higher on Thursday, with Hon Hai jumping 4.24 percent after Taiwan's government asked the company for more detail on a planned tie-up with Japan's Sharp. The main TAIEX index rose 113.9 points to 7,433.70, after opening up 0.3 percent.
Electronics shares gained 2.14 percent. Quanta Computer climbed 4.5 percent after posting a 4 percent gain in July unconsolidated sales, while rival Compal was up 6.9 percent, the maximum allowed in a day. Banking shares rose 1.54 percent. The Taiwan dollar was up by T$0.061 to trade at T$29.926.

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