Asian stocks kicked off the week with gains following positive data releases from the region's two biggest economies and a strong U.S. lead.
Shares in Taiwan ended slightly higher Monday amid consolidation mode in the absence of clear trading cues. The bellwether electronics sector contributed 80 percent of the turnover. Electronics stocks rose 0.46 percent. The photovoltaics sector was bullish thanks to good revenue growth in May and expectations that Taiwan's solar product makers will benefit from the U.S. decision to impose anti-subsidy tariffs on Chinese solar equipment imports.
Taiwan shares closed up 28.28 points, or 0.3 percent, at 9,162.74 Monday on turnover of NT$97.92 billion (US$3.26 billion).