Taiwan stocks rise to over 1-mth high, techs gain

* Techs gain on positive PC data from the United States

* Upbeat banking earnings lend support (Adds details, quotes)

TAIPEI, July 16 - Taiwan stocks rose 1.7 percent on Thursday, as positive U.S. earnings and economic data boosted technology shares, such as Acer <2353.TW>.

It earlier rose to as high as 6,878.68, its highest since June 8, though traders said a correction was due after the rally over the past two days.

Acer, the world's No.3 PC brand, jumped 4.8 percent, tracking gains on Intel's <INTC.O> strong earnings and a report on improving global PC shipments, reflecting rising demand in key markets such as the United States and China. [ID:nN15184031]

"Positive economic data and strong major corporate earnings continue to boost technology shares," said Tu Jin-lung, an analyst at Grand Cathay Investment.

The computer and peripheral equipment sub-index <.TCPI> jumped 3.5 percent.

The electronics sub-index <.TELI> gained 1.6 percent, with the world's top contract chipmaker TSMC <2330.TW> <TSM.N> gaining 1.31 percent.

Banking shares were also in the spotlight, with the banking and insurance sub-index <.TFNI> rising 2.6 percent as investors were encouraged by upbeat Goldman Sachs <GS.N> earnings.