Shares ended at a 20-month high yesterday, lifted by the strength in US technology shares overnight, dealers said.
The TAIEX closed up 27.92 points, or 0.5 percent, at 6169.17, its highest close since April 29, 2002, when it settled at 6205.09.
Advancers bettered decliners 458 to 305 with 184 stocks unchanged. Trading was valued at NT$104.96 billion (US$3.10 billion).
"The solid gains on Wall Street propelled the local bourse higher," said Tu Jin-Lung (
The Nasdaq Composite Index, marking a 29-month high, finished 1 percent higher at 2077.68 on Wednesday, while the Philadelphia Semiconductor Index rose 0.4 percent to 527.12.
Hon Hai Precision Industry Co (鴻海精密), the nation's largest electronics maker, and Asustek Computer Inc (華碩電腦), Taiwan's largest motherboard maker, climbed after the government said exports last month rose 21 percent to a record US$14.04 billion from a year ago.
Hon Hai lifted NT$1, or 0.7 percent, to NT$139. Asustek lifted NT$1, or 1.3 percent, to NT$76.50.
AU Optronics Corp (友達光電), the world's No. 3 maker of flat-panel displays, rose NT$0.40, or 1 percent, to NT$42.70.
The company said its sales last month more than doubled to NT$11.2 billion (US$330 million) from a year earlier.
Shares of DRAM chip makers outperformed other tech issues on stabilizing DRAM prices.
"Tech shares may receive more support from both foreign and domestic investors on hopes a strong rally in US markets may push the local bourse higher," Tu said.
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