Taiwan stocks hit near 2-wk closing high; UMC up

Published: 05 Nov 2009 22:15:31 PST

TAIPEI, Nov 6 - Taiwan stocks rose 0.61 percent on Friday to a near two-week closing high, led by major technology exporters such as chipmaker UMC <2303.TW> after sharp gains on Wall Street raised optimism over the sector's recovery. Taiwan's main TAIEX share index <.TWII> closed up 45.59 points at 7,463.05 even after a strong earthquake rattled Taiwan after the market closed on Thursday. [ID:nTP132640]

UMC <UMC.N> was the market's second most active stock by volume, up 2.3 percent. Hon Hai <2317.TW>, which supplies electronics parts and assembles PCs for top U.S. brands, jumped 0.8 percent, lifting the electronics sector <.TELI> 0.4 percent. (US$1=T$32.5)