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Asustek Shares Rise 2% as Taiwan Stocks Rocket 1,500 Points on TSMC Record Dividend Ahead of Asus Earnings

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yesterday

TAIPEI, Taiwan — Shares of Asustek Computer Inc. rose 2% on Wednesday as Taiwan's stock market posted one of its biggest single-day point gains on record. Contract chipmaker Taiwan Semiconductor Manufacturing Co. led the rally.

Asustek, the PC brand known as Asus, closed up 2.04% at NT$902.00, a gain of NT$18. The stock traded between NT$880 and NT$904 during the session.

The gain came a day before Asus is scheduled to report third-quarter results on Thursday.

Taiwan's benchmark Taiex rose 1,545.23 points, or 3.62%, to close at 44,257.15, its high for the day. It was the sixth-largest single-session point gain in the index's history, according to Taiwan's Central News Agency.

Turnover totaled NT$849.17 billion ($25.78 billion).

The market has rebounded about 4,555........

© International Business Times