(Adds details, hot stocks, quotes)
TAIPEI, Nov 28 (Reuters) - Taiwan stocks rose 0.42 percent on
Wednesday following a rally on Wall Street, as blue-chip shares
such as heavyweight electronics manufacturer Hon Hai Precision
Industry <2317.TW> pushed the broader index higher.
The main TAIEX index <.TWII> rose 35.48 points to 8,410.75 by
0150 GMT, recouping some of its losses from a sell-off the
previous day. The electronics subindex <.TELI> rose 0.65 percent
and the bank and insurance subindex <.TFNI> was up 0.4 percent.
"There is space for a rebound since the index should be
supported at around 8,300 points, especially if the credit crisis
starts to ease up in the U.S.," said Jerry Chang, who manages
$45.5 million at National Investment Trust.
U.S. stocks rose on Tuesday after the sale of a Citigroup
<C.N> stake suprred a rebound in financial stocks. [.N]
Top electronics parts maker Hon Hai Precision Industry, which
makes Apple's <AAPL.O> iPhones and components for Dell <DELL.O>
and Hewlett-Packard <HPQ.N>, gained 2.03 percent.
LCD maker AU Optronics <2409.TW> advanced 0.33 percent after
media reports said the company would spend US$3 billion on
Taiwan's first eighth-generation LCD plant. The broader
optoelectronics index <.TOPI> was flat.
HOT STOCKS
-- Amtran Technology <2489.TW> jumped 5.15 percent after
local media reported that its Vizio-brand LCD TVs logged 78,000
units in sales in the first four days of the holiday shopping
season in the United States, double its usual volume.
For a table of foreign trading in Taiwan stocks, double-click
on [ID:nTP16023]
For a diary of forthcoming events see [TW/DIARY]
For a diary of economic indicators see [TW/ECI\]
(US$1=T$32.4)
(Reporting by Sheena Lee; Editing by Edmund Klamann)
(([email protected] ; +886 2 2508 0815; Reuters Messaging:
[email protected] ))
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Keywords: MARKETS TAIWAN STOCKS