EQUITIES
<strong>TSMC boosts TAIEX</strong>
The TAIEX yesterday reversed earlier losses and closed slightly higher as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) gained and stabilized the broader market, dealers said. The TAIEX ended the day up 48.83 points, or 0.27 percent, at 18,288.21. Turnover totaled NT$302.773 billion (US$10.94 billion), with foreign institutional investors buying a net NT$2.23 billion of shares on the main board, Taiwan Stock Exchange data showed. TSMC rose 1.24 percent to close at NT$651. Its gains contributed more than 65 points to the TAIEX, and boosted the electronics index by 0.08 percent and the semiconductor subindex by 0.42