Taiwan stocks hit five-month high

Posted by 7Star Tuesday, March 24, 2009

Taiwan stocks rose 3.28 percent on Monday to a more than five-month closing high, with bellwether TSMC leading technology shares higher after the company said it would end unpaid leave from April. Shares of struggling DRAM maker ProMOS surged after it said more than 79 percent of investors holding its convertible bonds had agreed to accept its offer to buy them back at a discount or withdraw their redemptions.

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