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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