[Taiwan shares reverse earlier losses on TSMC gains]

Shares in Taiwan reversed earlier losses and ended slightly higher Tuesday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) staged a rebound and stabilised the broader market, dealers said.

Although the main board was concerned over a possible move by the US Federal Reserve to tighten monetary policy, the financial sector soared more than 2 percent, led by large cap financial holding companies, which expect to benefit from higher returns on overseas investments in the wake of rising interest rates, they said.

Taiwan shares reverse earlier losses on TSMC gains comes via ChinaTechNews.com.