32.558/495/-3.3

14:18 04Nov09 RTRS-Taiwan shares log best gain in a mth, property plays up * Construction shares lead gains on report of no tax rise * TSMC wins lawsuit against SMIC, boosting stock * Powerchip, Nanya surge on positive October sales (Updates indexes, adds quotes and details) TAIPEI, Nov 4 (Reuters) - Taiwan stocks closed up 1.97 percent on Wednesday, logging the best daily gain in a month, as property shares such as Farglory <5522.tw> led gains on news the government will not levy higher property taxes in the near term. The main TAIEX share index <.TWII> closed up 144.11 points at 7,467.04, snapping a six-session losing streak and rebounding from a one-month closing low hit in the previous session. Turnover rose to T$98 billion ($3 billion) from Tuesday's T$79 billion, the thinnest in a month, as some investors piled into financial shares that have suffered losses recently. Construction shares rebounded from sharp falls over the past two sessions after a local newspaper reported that Taiwan's Premier had said the government would not levy a higher property tax in near term as economic recovery remained on shaky ground. Real estate developer Farglory surged 5.93 percent, while the construction sub-index <.TCOI> jumped 5.39 percent. "Construction shares were the main force behind today's rebound as Premier Wu's comments removed concern about a possible rise in property taxes," said Vincent Ho, a fund manager at JP Morgan Asset Management in Taiwan. "Financial shares also got a lift as bankers were worried that a higher property tax could fend off potential home buyers." Property shares have fallen about 9 percent over the past four sessions after Taiwan government officials voiced concer over skyrocketing housing prices and urged bankers to tighten rules on housing loans. Cathay Financial <2882.tw>, the island's top listed financial holding company, rose 3.13 percent, with the banking and insurance sub-index <.TFNI> up 3.31 percent. Taiwan is expected to sign a much-anticipated financial services pact with China within the month, a Taiwan government official said on Tuesday. [ID:nTP166124] Technology majors also joined the main board's rise, with TSMC <2330.tw> up 0.68 percent and UMC <2303.tw> up 1.28 percenty. The semiconductor sub-index <.TSII> rose 1.28 percent. Contract chipmaker TSMC was further encouraged after it won a lawsuit against Chinese integrated circuit maker Semiconductor Manufacturing International Corp <0981.hk> over the theft of trade secrets and patent infringement. [ID:nN03520791] The Semiconductor Industry Association said global semiconductor sales rose during the third-quarter and forecast upbeat full-year sales as chip demand increases along with unit sales of personal computers and cell phones. [ID:nBNG185611]. DRAM makers including Powerchip <5346.two> and Nanya Tech <2408.tw> were also in the spotlight -- both stocks surged nearly 7 percent on upbeat October sales and rising contract prices. [ID:nTP173792] ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 1.97 pct Close on day 7,467.04 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ---------------------------------------------------------- For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Chris Lewis)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/] Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/] ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/] Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU] DIARIES & DATA: IPO diary & data Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O] World forecasts TOP NEWS: For top Asian company news, double click on: [nTOPEQA] U.S. company news [TOP/EQU] European company news [TOP/EQE] Forex news [TOP/FRX] Global Economy news [TOP/MACRO] Technology news [TOP/TECH] Telecoms news [TOP/TELCO] Media news [TOP/MEDIA] Banking news [TOP/FIN] Politics/General news [TOP/G] Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#.index> Currency rates
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16:55 03Nov09 RTRS-Taiwan dlr falls for a 2nd session on outflows * Foreign funds, central bank push Taiwan dollar lower * Exporters support local currency (Updates to close) TAIPEI, Nov 3 (Reuters) - The Taiwan dollar erased early gains to end lower on Tuesday as declining local stocks triggered foreign fund outflows, but deals by exporters helped limit the local currency's losses. "There were consistent fund outflows in Taiwan stocks over the past few days, which pressured the local currency," said a dealer in Taipei. On Tuesday, foreign institutions sold a net T$10 billion ($307 million) of Taiwan stocks <.TWII>, which ended 0.17 percent lower. Foreign investors remained net sellers of Taiwan stocks in the past five days. [ID:nTP182785] The Taiwan dollar rose in the early session as stronger-than-expected manufacturing and pending home sales data in the United States revived investor risk appetite. Those gains were erased in the afternoon as the Taiwan dollar followed regional losses, dealers said. "The local currency tracked losses in the Australian dollar and other emerging Asian currencies in the afternoon," said the same dealer. In global markets, the Australian dollar slipped on Tuesday after the Reserve Bank of Australia raised interest rates by an expected 25 basis points, but was less hawkish than some had anticipated. [ID:nSYD114014] Taiwan's central bank was spotted buying U.S. dollars in the afternoon session to taper gains, as the authority prefers a weaker local currency to help exporters compete with regional peers, such as South Korea. Exporters, however, limited the local currency's fall. Dealers said exporters took advantage of the weakening Taiwan dollar to enter the markets to exchange into more of the local currency with their U.S.-dollar earnings. The local currency may trade in a boxed range between T$32.5 and T$32.6 as a series of meetings of major central banks could keep investors on the sideline, the dealer said. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.575 32.553 Volume in $ mln (Taipei Forex Inc) 907 666 T$ (Cosmos) 32.560 32.550 Six-month NDFs -0.670/-0.630 -0.650/-0.600 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu; Editing by Chris Lewis) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 03 November 2009 16:55:41RTRS [nTP289555] {EN}ENDS

32.575./ 907/ -10.1

14:23 03Nov09 RTRS-Taiwan stocks drift lower as tech shares weaken * TAIEX falls for 6th session, hits one-month closing low * Foreign selling weighs on technology shares * Construction firms fall after gov't plan to levy land taxes * TAIEX seen trading 7,200 and 7,500 points this week-analyst (Updates indexes, adds quotes and details) TAIPEI, Nov 3 (Reuters) - Taiwan stocks slipped 0.17 percent on Tuesday to a fresh one-month closing low as investors pocketed gains in technology companies such as Hon Hai <2317.tw>, which have benefitted from solid quarterly earnings. The main TAIEX share index <.TWII> finished 12.25 points lower at 7,322.93, extending a five-session losing streak. Turnover was thin at T$79 billion ($2.4 billion), compared with Monday's T$85 billion, as caution prevailed ahead of the U.S. Fed's interest rate meeting and comments. Foreign investors became net sellers in Taiwan stocks for the first time in seven months in October, selling a net T$12 billion ($368 million). [ID:nTP88553]. Analysts speculate that more foreign selling lead to Tuesday's losses. "Foreign investors selling in technology heavyweights have been pressuring the broader board over the past few weeks, and I expect their selling to continue for the next little while," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. Chung said he expects the TAIEX to trade around its 90-day moving average at 7,300 this week. Electronics parts giant Hon Hai declined 1.53 percent, sending the heavily weighted electronics sub-index <.TELI> down 0.29 percent. TSMC <2330.tw> and its smaller rival UMC <2303.tw> , the world's two largest contract chip makers, fell 1 percent and 1.88 percent, respectively. The semiconductor sub-index <.TSII> slipped 0.57 percent. Construction shares fell on a media report that Taiwan may levy higher land value taxes on property owners who do not live on site, as part of an effort to curb speculation in the housing market. Real estate developer Farglory <5522.tw> slipped 0.74 percent, while the construction sub-index <.TCOI> dropped 1.94 percent. "Risk averse investors have shifted their focus to defensive plays and shares that could benefit from a economic pact with China," said Chang Chi-sheng, a fund manager at Uni-President Asset Management. Taiwan and China are set to sign an free trade agreement-like deal some time next year and the much anticipated pact was seen behind the main index's 60 percent rally so far this year. HOT STOCKS -- Wistron Corp <3231.tw> gained 0.36 percent after a local newspaper reported that it plans to set up an LCD TV manufacturing complex in China, with construction set to start next month and to be completed in June next year. --Taiwan's Evergreen Marine <2603.tw>, the world's fourth-largest container line, declined 0.62 percent, after it posted a net loss of T$2.58 billion in the third quarter. [ID:nTPU001819] ---------------------TAIEX IN PERSPECTIVE---------------- Move on day -0.17 pct Close on day 7,322.93 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------- For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/] Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/] ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/] Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU] DIARIES & DATA: IPO diary & data Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O] World forecasts TOP NEWS: For top Asian company news, double click on: [nTOPEQA] U.S. company
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32.553/ 666 / -7.8

14:38 02Nov09 RTRS-Taiwan stocks end flat, Quanta rises on better outlook * TAIEX ends at one-month closing low * Hon Hai rises following solid Q3 results * Mediatek rises on positive brokerage notes * Banks, China plays fall on news of a delayed China pact (Updates indexes, adds quotes and details) TAIPEI, Nov 2 (Reuters) - Taiwan stocks erased most of their early losses to end flat on Monday, with technology companies such as Quanta <2382.tw> leading gains after the company reported solid quarterly earnings and forecast a stronger outlook. The main TAIEX share index <.TWII> inched down 4.9 points to close at 7,335.18, after hitting its lowest intraday level in 1-½ months in the early session as banks and China plays fell on the delayed negotiation of an economic pact with China. Quanta, the world's largest contract laptop PC maker, jumped 4 percent after it said it expected unit shipments to climb about 40 percent in 2010 due to strong demand. [ID:nTP351825] The electronics sub-index <.TELI> was up 0.07 percent. "We could bet on solid corporate earnings in the short term, but as the earnings season winds down, we need to bring our focus to economic fundamentals," said Eddy Chen, a vice president at National Investment Trust Co Ltd. Turnover was light at T$84 billion ($2.6 billion), compared with Friday's T$102 billion and last week's daily average of T$112 billion. Analysts said investors have grown cautious toward Taiwan stocks on concerns that economic growth won't be able to sustain the main index's 65 percent rally so far this year. "Investors would scrutinise economic data such as the ISM (Institute for Supply Management) report from the United State for further directions," said Chen. Financial shares and China plays were hurt by a local newspaper report that China had called off the fourth round of informal negotiations with Taiwan on a much anticipated free trade agreement-like deal called the Economic Cooperation Framework Agreement (ECFA). Chinatrust Financial <2891.tw>, the island's top credit card issuer, dropped 1 percent, sending the banking and insurance sub-index <.TFNI> down 0.12 percent. China plays, including tourism shares <.THOI> and transportation shares <.TTPI>, fell 0.74 percent and 0.88 percent, respectively. Technology shares shrugged off sharp losses on Wall Street, with electronics parts giant Hon Hai <2317.tw> rising 0.38 percent after it reported stronger-than-expected quarterly results on Friday. [ID:nTPU001816] Chip designer Mediatek <2454.tw> topped the list of most-active stocks by turnover, jumping 4.62 percent after Morgan Stanley and Merrill Lynch raised their ratings on the stock on strong demand for handset units and fair valuation. Mediatek said on Friday it expected its fourth quarter gross profit margins and sales to be slightly lower than the third quarter. [ID:nTPU001809]. But Powerchip <5346.two>, Taiwan's biggest DRAM chipmaker, slipped 4.56 percent after it reported a net loss for the past three months. [ID:nTPU001815] HOT STOCKS -- Taiwan's ASE <2311.tw>, the world's largest chip packaging and testing company, jumped 3.44 percent after it said on Friday it had increased its 2009 capex budget and posted a market-beating third-quarter net profit. [ID:nTPU001811] -- Senao <2450.tw> advanced 1.81 percent after analysts predicted its earnings per share to reach T$4.40 this year after the distributor of electronic products booked earnings per share of T$3.34 for the first three quarters of the year. ---------------------TAIEX IN PERSPECTIVE---------------- Move on day -0.07 pct Close on day 7,335.18 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ---------------------------------------------------------- For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Jacqueline Wong)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/] Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/] ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/] Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU] DIARIES & DATA: IPO diary & data Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O] World forecasts TOP NEWS: For top Asian company news, double click on: [nTOPEQA] U.S. company news [TOP/EQU] European company news [TOP/EQE] Forex news [TOP/FRX] Global Economy news [TOP/MACRO] Technology news [TOP/TECH] Telecoms news [TOP/TELCO] Media news [TOP/MEDIA] Banking news [TOP/FIN] Politics/General news [TOP/G] Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#.index> Currency rates Dow Jones/NASDAQ <.DJI> <.IXIC> Nikkei <.N225> FTSE 100 <.FTSE> Debt <0#usbmk=> Taiwan dollar LME price overview TAIWAN MARKET: Taiwan equity mkt TAIEX <.TWII><.TV.TW> Other indices <0#.inx.tw> TAISDAQ <.TWOII><.TV.TWO> TAIMEX Taiwan index futures <0#tx:> MSCI Taiwan index <.MSTW> SIMEX Taiwan index futures <0#stw:> FTSE TW50 index <.FTSETW50> Keywords: MARKETS TAIWAN STOCKS/
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DLR


16:39 02Nov09 RTRS-Taiwan dlr eases on fund outflows; exporters offset * Weaker local stocks trigger foreign fund outflows * Exporters sell U.S. currency at favourable prices * Taiwan dlr seen trading between T$32.5 and T$32.6 this week (Updates to close) TAIPEI, Nov 2 (Reuters) - The Taiwan dollar fell on Monday as weaker local stocks triggered fund outflows, but exporter deals curbed the local currency's losses. The Taiwan dollar dipped as low as T$32.685 in early trade, but erased some of those losses later in the session. "Exporters were waiting in line to sell their U.S. dollars, which helped offset outflows by foreign investors," said a dealer in Taipei. On Monday, foreign institutions sold a total T$7.8 billion ($240 million) worth of Taiwan stocks <.TWII>, which fell for a fifth straight session. Affecting sentiment locally, China called off the fourth round of informal negotiations with Taiwan on a free trade agreement-like deal called the Economic Cooperation Framework Agreement (ECFA), saying it needed more time to prepare, Taiwan's Commercial Times reported on Monday. Further pressuring the Taiwan market, the U.S. dollar clung to its gains as jittery investors cut back long positions in growth-linked currencies. [ID:nSYD434776] Dealers said the local currency should trade between T$32.5 and T$32.6 this week as investors monitor global stock markets and await more economic data to gauge direction for the Taiwan dollar. In the offshore non-deliverable forwards (NDFs) market, six-month NDFs narrowed on Monday, indicating that the local currency is widely expected to strengthen by a smaller degree in half a year. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.553 32.535 Volume in $ mln (Taipei Forex Inc) 666 616 T$ (Cosmos) 32.550 32.527 Six-month NDFs -0.650/-0.600 -0.690/-0.640 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu; Editing by Jacqueline Wong) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [D] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Monday, 02 November 2009 16:39:56RTRS [nTP119100] {EN}ENDS

32.535/616/-5.5

15:14 30Oct09 RTRS-Taiwan stocks hit fresh 1-mth closing low * TSMC falls on outlook worries * Mediatek down before Q3 results, Q4 guidance * PC shares rise on expectations of rising shipments in Q4 * Main index to trade between 7,200-7,500 pts next month (Updates indexes, adds quotes, details) TAIPEI, Oct 30 (Reuters) - Taiwan stocks fell 0.21 percent to end at a fresh one-month low on Friday, as investors sold technology shares such as TSMC <2330.tw> on concerns over weaker a outlook in the fourth quarter. The main TAIEX share index <.TWII> ended down 15.61 points to 7,340.08, wrapping up the week with a 4.08 percent fall and reaching its lowest level since Sept. 28. Concerns over a weaker fourth quarter prompted investors to book profit in TSMC , the world's largest contract chipmaker, which gave up early gains to end 0.5 percent lower. Turnover was thin at T$101 billion ($3.1 billion), compared with Thursday's T$145 billion and the daily average of T$112 billion this week. Analysts said market sentiment remained fragile after Thursday's tumble and investors were cautious of earnings. Chip designer Mediatek <2454.tw>, the second-most active stock by turnover, dropped 1.38 percent. After the market closed, Mediatek posted better-than-expected third quarter earnings but gave a weaker outlook for the current quarter. [ID:nTPU001805] Taiwan stocks fell to their lowest closing level in one month and logged their worst single day percentage fall in 3-½ months on Thursday after foreign investors unloaded a net T$22 billion ($677 million) of Taiwan stocks, the biggest net sale in more than one year. [ID:nTP297058] "Taiwan stocks have climbed a lot during the past few months and investors have begun to wonder whether there's still room to rise," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. The main index gave up early gains on concerns that the positive GDP data from the United States may not be enough to sustain future economic growth, some analysts said. "But are we certain that the global economy will be healthy enough to support itself after governments around the world put an end to their rescue measures?" said Tom Tang, a vice president at Masterlink Investment Advisory. The United States is one of the island's largest export markets to which Taiwan provides many of its electronic gadgets, and investors look closely at the U.S. economic outlook before making decisions about the island's tech companies. PC shares outperformed the main board as investors bet on increasing demand in the fast approaching holiday season in North America. Compal Electronics <2324.tw> and netbook PC pioneer Asustek <2357.tw> rose 3.9 percent and 2.01 percent, respectively, after both said they expected shipments to climb about 10 percent in the fourth quarter. [ID:nTPU001799] [ID:nTP001802] The computer and peripheral equipment sub-index <.TCPI> finished up 1.13 percent. LCD shares such as AU Optronics <2409.tw> traded flat after larger rival Samsung Electronics <005930.ks> cautioned against a profit decline in the current three months. [ID:nSP438961] But small LCD panel maker Hannstar Display <6116.tw> jumped more than 6 percent after a local newspaper reported that it had returned to profitability in the third quarter, and expected utilisation rates to remain at 100 percent. In non-tech sectors, construction shares extended losses from Thursday after local newspapers reported that more government officials had voiced concerns over skyrocketing housing prices and urged banks to tighten rules on mortgage lending. Real estate developer Farglory <5522.tw> had fallen more than 8 percent over the past two sessions, lagging the main index's 2.58 percent fall during the same period. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.21 pct Close on day 7,340.08 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Jacqueline Wong)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/]
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16:21 30Oct09 RTRS-Taiwan dlr firms after U.S. data renews risk appeal * Taiwan dollar rebounds from 1-½ month low in thin trade * Stocks, light U.S. dlr buying by central bank curb T$ rise (Updates to close) TAIPEI, Oct 30 (Reuters) - The Taiwan dollar firmed in thin trade on Friday, after hitting a 1-½ month closing low in the previous session, on investor interest in risky assets such as emerging Asian currencies after positive U.S. GDP data. The U.S. economy grew in the third quarter for the first time in more than a year as government stimuli helped lift consumer spending and home building, indicating that the economy is stabilising although difficulties still lie ahead. [ID:nN29388343] News from the United States renewed investor appetite for riskier assets, including the Taiwan dollar, dealers said. "There wasn't much trade today, but of course the U.S. dollar went lower overnight," one dealer in Taipei said. On Thursday, the Taiwan dollar hit an intraday low of T$32.650 in early trade before recouping some losses to end at T$32.580, the lowest closing price since Sept. 15. Exporters also supported the Taiwan dollar on Friday with a trickle of purchases, dealers said. They had been in the market from earlier in the week as the Taiwan dollar fell, allowing them to change foreign currency into more of the local currency for cash needs at home ahead of the end of the month. But Taiwan stocks <.TWII>, which closed 0.21 percent lower, capped the currency's gains, dealers said. Foreign funds sold a net T$5.544 billion ($170 million) in local stocks on Friday. Dealers said Taiwan's central bank also bought U.S. dollars in the foreign exchange market to curb the local currency's gains but that the purchase amounts were small. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.535 32.580 Volume in $ mln (Taipei Forex Inc) 616 960 T$ (Cosmos) 32.527 32.570 Six-month NDFs -0.690/-0.640 -0.670/-0.620 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Ralph Jennings; Editing by Chris Lewis) ((ralph.jennings@thomsonreuters.com; +886 2 2500 4882; Reuters Messaging: ralph.jennings.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) rj Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [D] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Friday, 30 October 2009 16:21:09RTRS [nTP81773] {EN}ENDS

dlr

17:13 29Oct09 RTRS-Taiwan dlr closes at 1-1/2-mth low on fund outflows * Taiwan dollar falls for third straight session * Lowest close since Sept. 15 as equity outflows weigh * Exporters buy currency before end month, offering support (Updates to close) TAIPEI, Oct 29 (Reuters) - The Taiwan dollar fell for a third straight session to a 1-1/2-month closing low on Thursday as a dip in the local stock market triggered foreign fund outflows while investors remained wary of central bank movements. The Taiwan dollar hit an intraday low of T$32.650 in early trade before recouping some losses to end at T$32.580, the lowest closing price since Sept. 15. "Foreign investors conducted a massive outflow, but exporters were there to offer support," said a dealer in Taiwan. On Thursday, foreign institutions had sold a whopping net T$22 billion ($675 million) in Taiwan stocks <.TWII>, which ended 2.37 percent lower. Dealers said the Taiwan central bank's remark regarding monetary policy also weighed on local markets. On Thursday, the United Daily News reported that Taiwan's central bank had urged lenders not to push down mortgage rates as interest rates could rise next year, indicating that it was concerned about escalating home prices. [ID:nTP274223] Dealers said the central bank had bought the Taiwan dollar occasionally during the session, aiming to keep the local currency at a relatively weak level to help the island's exporters, many of which were hurt by the recent recession. But the local currency found support in exporters deals. Exporters were keen to sell U.S. dollars at around T$32.55 and T$32.57, providing support to the Taiwan dollar, for cash needs before the end of the month. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.580 32.496 Volume in $ mln (Taipei Forex Inc) 960 693 T$ (Cosmos) 32.570 32.490 Six-month NDFs -0.670/-0.620 -0.670/-0.620 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Rachel Lee; Editing by Jacqueline Wong) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
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32.580/960/ -22.2

15:22 29Oct09 RTRS-Taiwan stocks fall to 1-mth low as builders, tech weigh * Banking and construction shrs tumble on central bank remark * TSMC falls before posting worse-than-expected Q3 results * Foreigners post net sell in Taiwan stocks in past 2 days * Compal up on market-beating Q3 results, upbeat Q4 outlook (Updates indexes, adds quotes and details) TAIPEI, Oct 29 (Reuters) - Taiwan stocks fell 2.37 percent to a one-month closing low on Thursday, with property shares plunging as Taiwan's central bank had urged banks to take note of risk management on mortgage loans. Foreign institutions dumped a net T$22 billion of Taiwan stocks on Thursday, after selling a net T$9 billion during the first three days of the week. Adding to the decline, worries over the pace of the global economic recovery sparked a broad sell-off, including technology stocks like TSMC <2330.tw> . "It's very hard for Taiwan stocks to do well when global markets were pulling back, especially when they have climbed so much and with so few people willing to buy stocks," said Vincent Ho, a fund manager at JPMorgan Asset Management. The main TAIEX share index <.TWII> finished down 178.26 points to 7,355.69, chalking up its worst daily fall in 3-½ months and its lowest closing since Sept. 28. Analysts said the main index, which has rallied 65 percent this year, could drop sharply but was expected to find support at 7,100. Foreign investors were expected to return net buyers given their upbeat outlook on Taiwan's stocks. Turnover was more active at T$145 billion, compared with Wednesday's T$112 billion. Real estate developer Farglory <5522.tw> slid 5.1 percent, with the construction sub-index <.TCOI> plunging 5.21 percent. The banking and insurance <.TFNI> dropped 3.94 percent. The electronics sub-index <.TELI> slipped 1.93 percent, tracking Nasdaq's <.IXIC> 2.7 percent loss overnight. TSMC, the world's largest contract chip maker, was the most-active stock by volume and ended down 0.33 percent. After the market had closed, the company posted its biggest quarterly net profit in a year. [ID:nTPU001797] Hon Hai <2317.tw> fell 4.07 percent after contract laptop PC maker Wistron <3231.tw> said it would buy a stake in component makers including Ju Teng <3336.hk> in a move that could thwart Hon Hai's move into the PC business. Acer <2353.tw>, the world's No.2 PC brand, was down 4.39 percent after China's General Administration of Quality Supervision, Inspection and Quarantine said on Monday the company recalled 12,266 laptop PCs in China from its Aspire 3810 series made between April to September over a microphone fault. [ID:nTP284862] Compal <2324.tw> bucked the trend to finishe up 1.14 percent after the world's No.2 contract laptop PC maker reported market-beating third-quarter earnings and raised expectations for better demand for the current three months. [ID:nTP291410] The computer and peripheral equipment <.TCPI> dropped 2.26 percent. Formosa Plastics <1301.tw>, one of Asia's top petrochemical producers, fell 1.69 percent after it posted a net profit of T$9.2 billion in the third quarter. [ID:nTPU001793] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -2.37 pct Close on day 7,355.69 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Kazunori Takada)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/] Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/] ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/] Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU] DIARIES & DATA: IPO diary & data Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O] World forecasts TOP NEWS: For top Asian company news, double click on: [nTOPEQA] U.S. company news [TOP/EQU] European company news [TOP/EQE] Forex news [TOP/FRX] Global Economy news [TOP/MACRO] Technology news [TOP/TECH] Telecoms news [TOP/TELCO] Media news [TOP/MEDIA] Banking news [TOP/FIN] Politics/General news [TOP/G] Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#.index> Currency rates Dow Jones/NASDAQ <.DJI> <.IXIC> Nikkei <.N225> FTSE 100 <.FTSE> Debt <0#usbmk=> Taiwan dollar LME price overview TAIWAN MARKET: Taiwan equity mkt TAIEX <.TWII><.TV.TW> Other indices <0#.inx.tw> TAISDAQ <.TWOII><.TV.TWO> TAIMEX Taiwan index futures <0#tx:> MSCI Taiwan index <.MSTW> SIMEX Taiwan index futures <0#stw:> FTSE TW50 index <.FTSETW50> Keywords: MARKETS TAIWAN STOCKS/
For Related News, Double Click on one of these codes:[M] [T] [E] [Z] [MF] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Thursday, 29 October 2009 15:22:30RTRS [nTP353767] {EN}ENDS