Taiwan stocks closed finished up 0.3 percent on Friday, with Asustek Computer Inc recovering from early losses after a company official said the number of tablets involved in a product recall was only about 300. Asustek gained 1.7 percent, beating the main TAIEX index , which firmed 20.5 points to 6,785.09.
The sub-index of car makers was the top gainer, rising 1.14 percent. Electronics shares climbed 0.47 percent, while financials edged up 0.23 percent. A Reuters survey of 11 Taiwan-based investment managers indicated that the TAIEX index could drop as much as 14 percent from current levels if the opposition wins a presidential election in January, or rise by as much as 30 percent if the government of President Ma Ying-jeoh is given another term. Foreign investors were net sellers on Thursday, offloading T$21.62 billion.