Taiwan stocks rose after some investors judged its 20 percent fall in the past three months more than reflected a slower-than-expected US-led recovery in computers and other electronics.
The TAIEX gained 52.74, or 1.1 percent, to 5047.82, after falling as much as 3.7 percent. Almost four stocks rose for every one that dropped. The total value of trade was NT$68.4 billion (US$2.04 billion).
"The index has fallen too much," said Tu Kuei-shiong, who manages NT$300 million in stocks at Lian-shan Investment Management Co. "There'll be strong support at this level."
Compal Electronic Inc (仁寶電腦) added NT$1.20, or 4.6 percent, to NT$27.80. The nation's second-largest notebook-computer maker paid a dividend in cash and stocks that cut the shares' price a fifth from the previous day.
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