May 10, 2017 / 4:50 AM / 3 months ago

Taiwan stocks rise, but shy of last session's 10,000 level

2 Min Read

    TAIPEI, May 10 (Reuters) - Taiwan stocks rose on Wednesday,
tracking broader Asia, but was shy of a key 10,000 level
breached in the previous session, their first in two years. 
    Asian shares edged up for a third consecutive day on
Wednesday as investors focused on strong corporate earnings,
with the MSCI index of Asia-Pacific shares outside Japan
                adding 0.2 percent.                
    The main TAIEX index         rose 0.2 percent to 9,938.45
points as of 0420 GMT,  after closing down 0.2 percent on
Tuesday.
    The semiconductor subindex         gained 0.5 percent, while
the electronic subindex         added 0.4 percent. 
    The financial subindex         was down 0.1 percent.   
    Among actively traded shares, consumer electronics company
HTC Corp           rose 9.7 percent, helped by
better-than-expected gross margin, despite posting a quarterly
net loss.   
    The Taiwan dollar          strengthened T$0.006 to T$30.252
against the U.S. dollar.

 (Reporting by Jess Macy Yu; Editing by Amrutha Gayathri)
  

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