At about one hour into trade, the main TAIEX index had climbed to 8,422.14 points, reversing a slide at the opening bell.
Camera phone lenses maker Largan added 1 percent and smaller rival Genius gained 2.6 percent, while the electronics sub-index was up 0.2 percent.
Taiwan Life Insurance advanced 2 percent and CTBC Financial Holdings inched up 0.3 percent. CTBC is set to announce this week it will acquire Taiwan Life in a T$25.4 billion deal, a local newspaper reported.
The Taiwan dollar was up 0.166 percent to stand at T$29.411 to the US dollar.