Taiwan stocks higher

Taiwan stocks ended 0.12 percent higher on Tuesday, reversing early losses, lifted by 2.14 percent gain in the communications and internet sub-index. Analysts however expected investors would stay cautious on electronics and tech shares as companies were expected to report lower May sales this week because of the impact of the Japan earthquake.
"The market expects the impact from the Japan quake in March will start to be reflected in May," said Kevin Chung, an analyst of Jih Sun Investment Consulting Company. The index closed up 10.82 points at 9,057.10, after opening down 0.23 percent. Electronics shares rose 0.48 percent and banking shares edged up 0.13 percent.