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Taiwan stocks head to 10,000-pts mark; TSMC, Hon Hai up despite dip in iPhone sales
May 3, 2017 / 1:51 AM / in 3 months

Taiwan stocks head to 10,000-pts mark; TSMC, Hon Hai up despite dip in iPhone sales

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TAIPEI, May 3 (Reuters) - Taiwan stocks rose on Wednesday, tracking other regional bourses higher, with Apple Inc suppliers including TSMC shrugging off a surprise dip in sales for the iPhone maker.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chipmaker and a major Apple supplier, climbed 0.5 percent.

Hon Hai Precision Industry, another major supplier, added 0.5 percent.

Apple reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

As of 0135 GMT, the main TAIEX index rose 0.2 percent to 9,960.55, on track towards the 10,000-point milestone, which would be its highest intraday level in two years.

The electronics subindex rose 0.3 percent, while the financials subindex gained 0.2 percent.

The Taiwan dollar firmed T$0.075 to T$29.987 per U.S. dollar. (Reporting by Faith Hung; Editing by Biju Dwarakanath)

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