Taiwan stocks end up 2 pct

Adding to the gains,Fubon Financial Holding Co Ltd advanced 2.5 per cent,sending the financial sub-index 2.6 per cent higher. Fubon said it would consider bidding for the Taiwan assets of New York Life.

8220;Those shares are the highlights of the day and will continue to be in future as their outlook is quite positive,8221; said Prudential Financial fund manger Bevan Yeh in Taipei.

8220;However,the PC sector is weak since consumers will delay their purchases amid rising inflation.8221;

The main TAIEX index ended up 174.73 points at 8,813.28,rebounding from Tuesday8217;s three-month closing low. The glass sub-index led gains as Taiwan Glass rose 6.8 per cent on hopes its earnings would shine this year thanks to a booming China business.

Electronics shares rose 2.23 per cent.

Acer Inc ,the world8217;s No.2 PC vendor,fell 6.8 per cent after cutting its shipment forecast for the second quarter.

The Taiwan dollar gained 0.4 per cent to T28.996 in midday trading.

Foreign investors were net sellers on Tuesday,capping total buying at T26.5 billion so far this month.

Wednesday8217;s figures are due later in the day.