Taipei - The Taipei stock market rose nearly 2 per cent Wednesday on a Wall Street rebound overnight.

In mid-morning trading, the weighted index TAIEX rose 129.90 points, or 1.91 per cent, to 6,943.30 points.

Another reason for TAIEX's rise were favourable financial reports of high-tech companies for the first half year of 2008, which caused high-tech shares to surge between 2 and 5 per cent, analysts said. (dpa)