Stocks rose for a fourth day yesterday. Evergreen Marine Corp (
Formosa Plastics Corp (
The TAIEX added 6.51, or 0.15 percent, or 4,341.10. Five stocks gained for every four that declined. The Taiwan Futures Index added 0.5 percent to 4,338.
Evergreen Marine rose NT$1, or 4 percent, to NT$26.20.
Evergreen and shipping lines from Japan, Singapore and South Korea plan to increase charges for shipping fruit under the so-called Westbound Transpacific Stabilization Agreement. The higher charges will start next month.
Formosa Plastics fell NT$0.50, or 1.1 percent, to NT$44.30. Nan Ya Plastics shed NT$0.10, or 0.3 percent, to NT$33.40.
Suicide bombings in Saudi Arabia, the world's top producer, contributed to the rally.
"Renewed terrorist attacks will have a minor short-term impact on investor confidence," said Hebbe Lin, who manages the equivalent of US$20 million at International Investment Trust Co (
China Steel Corp (
China Steel gained as much as 1 percent before closed unchanged at NT$20.40.