Monday, November 17, 2008

TW market 1118-2

The department stores sub-index <.TDEI> bucked the broader
market trend to climb 1 percent for a second day, having risen on
expectations of increased domestic consumption as the government
announced it was handing out shopping vouchers. [ID:nTPU000866]
But Taiwan's export-reliant tech companies, which produce
much of the world's electronics, including more than half of all
laptop PCs, are heavily dependant on consumer demand from the
U.S. and Europe, and any slump there could adversely affect them.

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