Taiwan stocks at two-week high

Taiwan stocks rose 0.4 percent to a two-week closing high on Friday as market sentiment improved after gains on Wall Street, with tech heavyweights like HTC and TSMC in the lead. Topping the most active list by turnover was smartphone maker HTC, up 0.95 percent. Also among heavily traded issues were chipmakers TSMC and Inotera Memory. They both rose over 1 percent after US-based Micron Technology ended up 8.39 percent in US trading.
"Foreign investors started net buying of Taiwan shares yesterday, which indicates their concerns over the Japan disaster and the Libya unrest have eased," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust.
The main TAIEX index finished up 33.99 points at 8,610.39 in its sixth winning session, closing this week with a gain of about 2 percent. Among the top winners, electronics shares climbed 0.7 percent and textile rose 2.2 percent. Foreign investors were net buyers on Thursday, snapping a 11-session net selling streak.