TAIPEI, April 28 Taiwan stocks rose on Friday on
data showing the export-driven economy grew for the fourth
quarter in a row, but gains were limited ahead of a long
Taiwan reported solid first-quarter economic growth as
strong global demand for components for Apple Inc's
anticipated new iPhone and other electronic gadgets keep Asia's
hi-tech factories humming.
As of 0216 GMT, the main TAIEX index was up 0.1
percent at 9,873.50, after closing flat in the previous session.
Taiwan's financial markets will be closed on Monday for the
Labor Day holiday. Markets will resume trade on Tuesday.
The electronics subindex rose 0.4 percent, while the
financials subindex fell 0.1 percent.
Tech shares rose after Wall Street, with a slew of strong
U.S. earnings reports, propelled the Nasdaq to an
Among actively traded tech shares in Taiwan, Hon Hai
Precision , the world's biggest contract electronics
maker, was up 0.2 percent, while chipmaker TSMC was
0.3 percent higher.
The Taiwan dollar firmed T$0.008 to T$30.148 per
(Reporting by J.R. Wu; Editing by Subhranshu Sahu)