Taiwan stocks open higher, UMC advances

Published: 09 Jun 2009 17:10:51 PST

TAIPEI, June 10 - Taiwan stocks opened 1.0 percent higher on Wednesday to reverse a one-month closing low the previous session, with UMC <2303.TW> leading gains after posting a 9 percent increase in May revenue from April.

The main TAIEX share index <.TWII> opened 64.07 points higher at 6,478.46, after having come under heavy selling pressure this week losing 6 percent of its value.

UMC was up 2.82 percent, outperforming the broader 54-member semiconductor sub-index's <.TSII> 2.29 percent advance.

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