TAIPEI, March 21 Taiwan stocks rose to a fresh
near two-year high on Tuesday following news the island's export
orders grew more than expected, paced by gains in
tech exporters including Taiwan Semiconductor Manufacturing Co
As of 2:002:002:00 GMT, the main TAIEX index rose
0.3 percent, to 9,944.96 points, after closing at 9,912.97
points in the previous session.
It has rallied about 7 percent so far this year to its
highest in nearly two years, prompted by foreign buying on
expectations that Apple Inc's new iPhone would benefit
Taiwanese suppliers such as TSMC.
TSMC, the world's biggest contract chip maker, jumped 0.8
The electronics subindex rose 0.6 percent, while the
financials subindex lost 0.2 percent.
The Taiwan dollar firmed T$0.079 to T$30.448 per
U.S. dollar, making it among the strongest currencies in Asia
against the U.S. dollar.
(Reporting by Faith Hung)