Taipei  - Taiwan's stocks surged 4.57 per cent on Monday, bolstered by Wall Street's strong rally on Friday, dealers said.

The main Taiex index opened with a bang, tracking strong gains in Wall Street, as semiconductor and financial shares rose sharply. The upward trend continued all the way to the end of trading, with the local index soaring 193.26 points, or 4.57 per cent, to close at 4,418.33.

All eight major sectors rose, with the financial sub-index gaining 6.68 per cent to become the day's biggest winner, followed by semiconductors' 6.44 per cent and construction's 5.38 per cent. (dpa)