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    Monday, February 08, 2010

    Taiwan Stocks Higher After Data Shows Export Surge

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    By Chris Oliver
    MarketWatch Pulse
       

      HONG KONG -- Taiwan stocks rose Tuesday, with chip makers leading a broad advance among the island's technology companies against a backdrop of weakness among most regional markets, helped by Monday's data that showed exports surged 75% in January from a year earlier. The Taiex was up 1.7% at 7,335.13. Taiwan Semiconductor Manufacturing shares were up 2.8%, while smart phone maker HTC Corp. gained 4%. Taiwan's exports surged to $21.75 billion in January compared to $12.37 billion a year earlier, outpacing consensus expectations among analysts by nearly $2 billion. The export surge was reportedly the fastest pace of growth in 33 years.

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