(Updates indexes)
TAIPEI, April 2 (Reuters) - Taiwan stocks rose nearly 2
percent on Wednesday following a jump on Wall Street and after
president-elect Ma Ying-jeou said he wants to pass a revised 2008
budget with more economic stimulus spending.
The main TAIEX share index <.TWII> had climbed 167.44 points
to 8,587.16 at 0255 GMT, after major Wall Street indexes rose
more than 3.5 percent on Tuesday.
The electronics sub-index <.TELI> gained 2.9 percent and the
banking and insurance sub-index <.TFNI> was 2.4 percent higher.
Flat-panel maker AU Optronics <2409.TW> rose 3.4 percent. Its
ADRs <AUO.N> surged 4.8 percent overnight.
AU and many other Taiwan technology companies export the
majority of their products to the United States.
For a table of foreign trading in Taiwan stocks,
double-click on [ID:nTP170358]
($1=T$30.23)
(Reporting by Faith Hung; editing by Ken Wills)
((Reuters Messaging: [email protected]; +886 2
2508-0815))
ASIA-PACIFIC STOCK MARKETS:
Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS]
S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW]
Australia/NZ.........[.AX] India1......[.BO] China......[.SS]
OTHER MARKETS:
Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/]
Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/]
ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/]
Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU]
DIARIES & DATA:
IPO diary & data <TW/IPOMENU> Asia earnings diary [ASIA/EQTY]
U.S. earnings diary [RESF/US] European diary [WEU/EQTY]
Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O]
Eurostocks Week Ahead [.EU/O] World forecasts <EQUITYPOLL1>
TOP NEWS:
For top Asian company news, double click on: [nTOPEQA]
U.S. company news [TOP/EQU] European company news [TOP/EQE]
Forex news [TOP/FRX] Global Economy news [TOP/MACRO]
Technology news [TOP/TECH] Telecoms news [TOP/TELCO]
Media news [TOP/MEDIA] Banking news [TOP/FIN]
Politics/General news [TOP/G] Asia Macro data <ASIATODAY>
A multimedia version of Reuters Top News is available at:
http://topnews.session.rservices.com
LIVE PRICES & DATA:
World Stocks <0#.INDEX> Currency rates <EFX=> <NFX=>
Dow Jones/NASDAQ <.DJI> <.IXIC> Nikkei <.N225>
FTSE 100 <.FTSE> Debt <0#USBMK=> <EURIBOR>
Taiwan dollar <TWD=TP> LME price overview <RING=>
TAIWAN MARKET:
Taiwan equity mkt <TW/MENU> TAIEX <.TWII><.TV.TW>
Other indices <0#.INX.TW> TAISDAQ <.TWOII><.TV.TWO>
TAIMEX Taiwan index futures <0#TX:> MSCI Taiwan index <.MSTW>
SIMEX Taiwan index futures <0#STW:> FTSE TW50 index <.FTSETW50>
Keywords: MARKETS TAIWAN STOCKS