TAIPEI May 22 Taiwan stocks rose along with
other regional bourses on Monday, while the local currency
jumped to a nearly three week high against the U.S.
dollar amid continued foreign fund inflows.
As of 0223 GMT, the main TAIEX index rose 0.3
percent to 9,975.81 points, after closing at 9,947.62 points in
the previous session.
The electronics subindex rose 0.5 percent, while the
financials subindex was unchanged.
Among the most actively traded, Taiwan Semiconductor
Manufacturing Co (TSMC) and Hon Hai Precision Industry
both gained more than 0.2 percent. They are key
suppliers of Apple Inc.
The Taiwan dollar firmed T$0.193 to T$30.017 per
U.S. dollar after touching T$29.965 earlier in the session, an
intra-day level not seen in two-and-a-half weeks.
The currency has strengthened almost 8 percent so far this
year, trailing only the South Korean won in major markets.
Taiwan's central bank has refrained from weakening the
currency through market intervention, a precaution against the
possibility of being labelled a currency manipulator by the
(Reporting by Faith Hung)