TAIPEI, Nov 24 (Reuters) - Taiwan stocks edged up 0.31

percent on Tuesday following a rebound on Wall Street and the

island's upbeat export orders in October, while solar shares such

as Gintech led technology shares higher.

As of 0200 GMT, the main TAIEX share index climbed

24.05 points to 7,711.20, rebounding further from a one-week

closing low on Friday.

Taiwan's export orders in October rose from a year earlier

for the first time in 13 months, suggesting demand for Asian

exports maintained a healthy recovery in the fourth quarter and

that global trade was on the mend.

'Export orders improved as the economy gradually comes out of

the economic downturn, but stock prices more than doubled from

the pre-crisis level,' Alex Huang, a research director at Mega

International Securities Co.

Solar-related shares such as Gintech and Neo Solar Power raced up to their 7 percent daily limits, pushing the

electronic sub-index 0.23 percent higher.

The optoelectronics sub-index was one of the top

gainers, rising 1.12 percent, with Chi Mei Optoelectronics

jumping nearly 1 percent. Rival AU Optronics edged up

0.16 percent.

Quanta rose 0.15 percent after a newspaper reported

that it has received new orders from Hewlett-Packard, and

could ship more than 50 million PCs in 2010.

HP's quarterly earnings rose 14 percent, helped by a strong

performance in China and improved profit margins in its services

business. The results were in line with what the company

pre-announced two weeks ago.

Electronics parts giant Hon Hai, one of

Hewlett-Packard's largest component suppliers, opened the session

up 0.72 percent, but gave up early gains to trade flat.

Construction shares outperformed, with Kingdom Construction rising 1.74 percent.

'Blue-chip stocks and construction shares have been lagging

the main board's gain, and they are catching up now,' added

Huang.

Commodity-related shares also gained on hopes of rising

product prices. Cheng Shin Rubber rose 0.27 percent

after a local newspaper reported that Cheng Shin will spend T$12

billion ($372 million) to build a new tyre manufacturing facility

in Taiwan, with production likely to begin in June 2011.

(Reporting by Joan Hsu; Editing by Ken Wills)

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