“Expectations for a strong first quarter shored up buying in technology shares. We also saw fund managers buy (chip) testing-packaging stocks before they close their books for the year.”
“Companies such as LCD and mobile phone stocks, that are expected to report solid revenue growth given an upbeat first-quarter outlook, were especially favored.”
“In addition to the strong U.S. performance last night, there is already talk in the market that February revenue figures (to be announced before March 10) may turn out to be better than expected.”
“The U.S. market's strength helped lift the main board early in the session, but selling pressure grew as the benchmark index approached the 6,600 level.”
“Mobile phone stocks primarily contributed to the main board's rise given hopes continued strong demand will help Taiwanese handset makers report solid revenue growth in the next few months.”
