Taiwan stocks reach 1-mth intraday high, HTC rises

* Tech shares outperform big board to rise 1.64 percent

* Property shares continue to thrive on China ties (Updates indexes, adds details)

TAIPEI, July 7 - Taiwan stocks rose 1 percent on Tuesday to a one-month intraday high, as tech shares including smartphone maker HTC rose on better-than-expected second-quarter earnings.

The main TAIEX share index had risen 64.63 points to 6,714.54 as of 0222 GMT. Turnover was light at T$56.5 million ($1.71 million) before more Taiwanese companies report June sales this week.

HTC Corp, the world's fourth-largest smartphone brand, jumped 2.71 percent after it reported a better-than-expected second-quarter profit on Monday, as a line of new products helped cushion it from the economic slow down.

"High-priced technology shares such as HTC and Mediatek fared well, but the overall performance of technology shares is not very impressive," said Tom Tang, a vice-president of Masterlink Investment Adivosry.

Mediatek shares rose 5.66 percent. Mediatek and HTC were the market's two most actively traded shares by turnover.

"With the outlook uncertain in the third quarter and hopes dimming for a quick economic recovery, there isn't much positive news to push technology shares higher," said Tan, who projected the TAIEX to trade between 6,400 and 6,800 points this week.

The broad electronics sub-index rose 1.66 percent, with top contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd rising 1.1 percent.

Property shares helped lift the main board on hopes of closer relations Between Taiwan and China.

"Money has been going into asset shares, and it seems there might be a broad sell-off in these shares as investors book profit," added Masterlink's Tang.

The construction sub-index rose 0.76 percent, with real estate developer Farglory jumping 1.44 percent.

For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358]