Taiwan stocks ended up 0.68 percent on Friday, led by HTC and other tech exporters, amid hopes a weaker local currency will bring in forex gains and make them more competitive against Korean rivals. Electronics stocks were up 1.67 percent, with smartphone maker HTC 7 percent limit up, after the Taiwan dollar weakened in recent sessions in a retreat from 13-year highs hit earlier this month.
The main TAIEX share index rose 58.01 points to 8,599.65, closing the month with a 6 percent loss. Taiwan's financial markets will be closed on Monday for a public holiday. The Taiwan depository receipts of Japan's Elpida Memory gained 1.88 percent on their debut. Foreign investors were net sellers of Taiwan stocks on Thursday, their fourth straight net selling session this week. That brought total net selling this month to about T$93 billion, almost cancelling out last month's T$99 billion of net buying and on course for the biggest monthly net sales since May 2010.
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