Taiwan stocks climb to new 1-month high; chip firms rally

May 27, 2016 3:30 AM

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TAIPEI May 27 Taiwan stocks rose to a fresh one-month high on Friday, led by gains in Advanced Semiconductor Engineering Inc (ASE) and Siliconware Precision Industries (SPIL) on news the chip packaging and testing firms plan to form a new holding company.

As of 0312 GMT, the main TAIEX index rose 0.4 percent, to 8,431.22 points, its highest level since late April.

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