Taiwan’s main index of shares was the standout gainer after Wednesday morning trading in Asia – gaining almost 2 per cent amid Asian markets that were generally losing ground.
The major gainers were all technology stocks, perhaps buoyed by KKR’s teamed up with Yageo’s (TPE:2327) founder to buy out the remaining shares in the electronics components maker for $1.6bn.
Yageo gained its daily limit of 7 per cent. Other tech shares also surged, with HTC (TPE:2498) up as much as 5.3 per cent to a record high, and TSMC (TPE:2330) gaining more than 3 per cent. HTC released its latest iPhone rival - the Thunderbolt – just days ago, which has been receiving positive reviews.
Taiwanese markets are also playing catchup after a 4-day trading break for the Qingming festival.
Stefan Wagstyl
Josh Noble
Rob Minto
Pan Kwan Yuk
Jonathan Wheatley
Heba Saleh