Friday, November 20, 2009

32.350-32.290/ 1033/ -11.9

13:57 20Nov09 RTRS-Taiwan stocks hit 1-week closing low; TSMC falls * Weaker earnings at Dell hurt laptop PC makers * Mediatek jumps after patent arrangement with Qualcomm (Adds details) TAIPEI, Nov 20 (Reuters) - Taiwan stocks fell 1 percent on Friday to a one-week closing low, as investors shunned big technology names, including TSMC <2330.tw>, in a cautious mood on the strength of the technology sector's recovery. Taiwan's main TAIEX share index <.TWII> closed down 77.01 points at 7,682.97, following weakness on Wall Street. Turnover fell to T$133 billion ($4.1 billion) from T$137 billion in the previous day. Top contract chip maker TSMC , which sells the bulk of its chips to North America, dropped 1.9 percent, pulling the broader electronics sub-index <.TELI> 0.9 percent lower. The financial sub-index <.TFNI> fell 1.6 percent. "The U.S. markets were a bit volatile after recent gains but don't worry too much about that because the global economy is going in a direction that we think is okay," said John Chiu, a fund manager at Fuh Hwa Securities Investment Trust. Suppliers to Dell weakened after the U.S. PC maker posted falling quarterly earnings on lower-than-expected sales. [ID:nN19191886] Quanta Computer <2382.tw>, the world's top contract maker of laptop comptuers, fell 2.6 percent, and rival Compal Electronics <2324.tw> slid 1.9 percent. "Unless Christmas sales (of technology products) are very good, we don't think the market can rebound significantly," said Alex Huang, director of Mega Interational Securities. However, Huang said the TAIEX could see initial support at the 20-day moving average near 7,600 points next week. Chip desinger Mediatek <2454.tw> was a bright spot, jumping 1.7 percent after the company and Qualcomm entered into a patent arrangement. [ID:nWNAB8303] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.99 pct Close on day 7,682.97 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ----------------------------------------------------------- (T$1= $32.4) (Reporting by Baker Li; Editing by Jonathan Hopfner) ((baker.li@thomsonreuters.com; +886 2 2508-0815; Reuters messaging: baker.li.reuters.com@reuters.net)) ((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:[E] [Z] [MF] [M] [T] [D] [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> Friday, 20 November 2009 13:57:59RTRS [nTP302593] {EN}ENDS

Tuesday, November 17, 2009

32.120/1309/ 18.6

14:32 17Nov09 RTRS-Taiwan stocks fall, financials down after China deal * TAIEX off near-17 month closing high * Financial shares weaken after recent rally * Chi Mei extends gains after Innolux deal (Updates indexes, adds quotes and details) TAIPEI, Nov 17 (Reuters) - Taiwan stocks ended down 0.76 percent on Tuesday as investors sold banking stocks, including Cathay Financial <2882.tw>, that had risen sharply ahead of the implementation of a financial services pact with China. Taiwan signed the much-anticipated agreement with China on Monday, allowing its banks to tap China's massive market and paving the way for banks on both sides to invest in each other. [ID:nTP239088] The main TAIEX share index <.TWII> closed down 59.47 points at 7,733.21, weighed down by a 2.49 percent fall in sub-index of financial companies <.TFNI>. Turnover spiked to a two-week high of T$146 billion ($4.5 billion) from Monday's T$123 billion. "The fall in financial shares was within expectations, with investors pocketing gains before the stocks pull back even further," said Bevan Yeh, said a senior fund manager at Prudential Securities Investment Trust. Cathay Financial, the island's top-listed financial holding firm, dropped 2.46 percent. Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, dropped 3.33 percent. Financial shares have jumped more than 50 percent so far this year on expectations the MOU will help banks establish a foothold in the Chinese market. The gain lifted the TAIEX up about 70 percent in the same period. Analysts said the MOU was merely a document acknowledging that Taiwan and China could open financial markets to each other, giving no details on whether Taiwan companies would be allowed into the mainland market. Details for Taiwanese and Chinese financial firms investing in each other are due to be discussed in a free trade-style pact, known as the economic cooperation framework agreement (ECFA), which is not expected to be signed until 2010. "The Taiwanese market could lose momentum amid a lack of fresh trading stimulus, as major events that helped uphold the main index's recent gains have already taken place," said Yeh. LCD makers offered support to the broader board, with Chi Mei Optoelectronics <3009.tw> up 6.72 percent. The stock has risen 14 percent in the past two days after it announced a merger with Innolux Display Corp <3481.tw> on Saturday. But analysts warned that LCD shares could be overbought and face selling pressure in the next couple of days. Innolux, the third most-active stock by volume and turnover, dropped 4.96 percent. TSMC <2330.tw> and UMC <2303.tw> helped curb losses, rising 0.32 percent and 0.59 percent, respectively, as they tracked gains by chip giant Intel and the Philadelphia semiconductor index <.SOXX>. The United States, Taiwan's second-largest export market, showed a brisk 1.4 percent rise in October retail sales, raising hopes upbeat consumer sentiment could boost holiday sales. [.N] Taiwan's top PC brand Acer <2353.tw> rose 0.73 percent and Asustek <2357.tw> 1.09 percent, respectively. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.76 pct Close on day 7,733.21 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
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Friday, November 13, 2009

32.339/1115/ +6.0

14:55 13Nov09 RTRS-Taiwan stocks end flat, LCDs offset falling banks * Banks lose steam after recent gains * LCD makers rally on stronger sales outlook next year * Chi Mei rises after reports of tie-ups with Hon Hai, AU (Updates indexes, adds quotes and details) TAIPEI, Nov 13 (Reuters) - Taiwan stocks slid 0.07 percent on Friday, snapping a five-session winning streak, as investors sold financial shares after recent gains, but LCD makers such as Chi Mei <3009.tw> curbed losses on prospects of improving demand. The main TAIEX share index <.TWII> edged down 5.3 points to end at 7,665.63, but finished the week 2.7 percent higher. Turnover was thin at T$91 billion ($2.8 billion), compared with T$112 billion on Thursday. Profit taking and a lack of fresh momentum for an expected financial agreement with China sparked selling in banking stocks such as Cathay Financial <2882.tw>, which ended 1.16 percent lower. Taiwan's top finance regulators reiterated in local newspaper reports on Friday that Taiwanese banks would not be immediately open to Chinese investments even after a financial memorandum of understanding (MOU) is signed by the two sides. "Sentiment cooled off following overnight losses on Wall Street and lack of progress on the financial MOU with China, but the thin trade prevented the main index from a bigger fall," said Vincent Ho, a fund manager at JP Morgan Asset Management. Some tech exporters slid on worries over slower consumer spending in the United States after retail giant Wal-Mart forecast earnings that could miss Wall Street's consensus estimates. Netbook pioneer Asustek <2357.tw> closed down 1.08 percent. But LCD stocks gained on stronger sales outlooks for 2010. AU Optronics <2409.tw>, the world's No.3 flat panel maker, jumped 1.77 percent, sending the optoelectronic sub-index <.TOPI> 1 percent higher. Chi Mei Optoelectronics extended its rally from the previous session, finishing up 4.44 percent. Chi Mei's gains were helped by media reports that AU and electronics parts giant Hon Hai <2317.tw> have approached it about a possible merger, analysts said. "Consensus for the LCD and the entire technology sector was much too pessimistic given lower inventory and positive October sales," said JP Morgan's Ho, referring to previous losses in the LCD shares. Research firm DisplaySearch said the global LCD market was likely to face a supply shortage from the second quarter of 2010 as demand picks up after the current seasonal weakness. [ID:nTP92187] In a report, HSBC <0005.hk> raised its forecasts for LCD TV shipments in 2010 on growing demand in markets such as China, Japan and the U.S. ---------------------TAIEX IN PERSPECTIVE-------------- Move on day -0.07 pct Close on day 7,665.63 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ---------------------------------------------------------- ((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 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
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Thursday, November 12, 2009

dlr

17:23 12Nov09 RTRS-Taiwan dollar softens on fund outflows, importers * Taiwan dollar falls after rising for six straight sessions * Investors cover short positions on stabilised U.S. dollar * Taiwan importers buys U.S. dollars at T$32.300 (Updates to close) TAIPEI, Nov 12 (Reuters) - The Taiwan dollar fell on Thursday, after rising for six straight sessions, as foreign investors and exporters bought U.S. dollars. Taiwan's currency reached T$32.223 to the U.S. dollar in early trade, its highest intraday price since Oct. 16, but reversed course to end lower at T$32.330. "The Taiwan dollar fell slightly as investors went short covering on the greenback, since it hadn't slumped any further," said a dealer in Taipei. Overseas, the U.S. dollar was little changed on Thursday, struggling amid growing calls for Asian currencies to trade more freely, meaning appreciate, but supported by profit-taking on recent gains in other currencies like the euro. [ID:nLC116740] Taiwan importers, who need foreign currency for cash needs overseas, bought U.S. dollars at the favourable rate of T$32.30, in turn pressuring it. The local currency was further pressured as the island's central bank bought U.S. dollars. The monetary authority keeps the Taiwan dollar in a managed float and buys U.S. dollars occasionally to head off fluctuations it deems excessive. In the offshore non-deliverable forwards (NDFs) market, six-month NDFs narrowed, indicating that the local currency is widely expected to strengthen by a smaller degree in half a year. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.330 32.310 Volume in $ mln (Taipei Forex Inc) 994 808 (Cosmos) 32.320 32.295 Six-month NDFs -0.690/0.640 -0.740/-0.690 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 Roger Tung; 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: Thursday, 12 November 2009 17:23:54RTRS [nTP227929] {EN}ENDS

32.330/ 994 / +6.0

14:54 12Nov09 RTRS-Taiwan stocks end flat; tourism shares, Chi Mei gain * Tech heavyweights lose steam following recent rallies * Tourism shares gain on hopes of more Chinese visitors * Innolux up as it seeks $1.5 bln loan for LCD expansion (Updates indexes; adds quotes and details) TAIPEI, Nov 12 (Reuters) - Taiwan stocks edged up 0.04 percent on Thursday as gains in tourism shares and LCD maker Chi Mei Optoelectronics <3009.tw> offset selling in tech heavyweights such as Hon Hai <2317.tw> following recent rallies. The main TAIEX share index <.TWII> climbed 2.87 points to end at 7,670.93, after rising for four straight sessions and hitting a 2-week closing high on Wednesday. "Foreign investors contributed to a steady inflow into the market based on overall bullish sentiment, but temptation to take profit grew following tech shares' recent gains," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Turnover rose to T$111 billion ($3.44 billion) from Wednesday's T$102 billion. Analysts said attractive valuations and a strong sector outlook prompted buying in some LCD shares. LCD maker Chi Mei Optoelectronics surged 4.96 percent, helping push the broader optoelectronics sub-index <.TOPI> 0.58 percent higher. Innolux Display <3481.tw>, the world's No.2 LCD monitor maker, ended 0.64 percent higher. Innolux is set to sign a T$48 billion ($1.5 billion) syndicated loan with 19 banks next Tuesday, two sources with knowledge of the deal told Reuters on Wednesday. [ID:nTP285121]. Leofoo Development Co <2705.tw> and other tourism plays added gains to the broader board. Leofoo jumped more than 4 percent on a local newspaper report that more tourists from China were expected to visit the island next year. Electronics parts giant Hon Hai <2317.tw> dropped 1.13 percent on profit taking from a recent rally, helping send the electronics sub-index <.TELI> 0.08 percent lower. ProMos Tech <5387.two>, Taiwan's NO.3 DRAM memory chipmaker, slumped 6.7 percent on profit taking and negative sentiment after lawmakers vetoed a plan to inject government funds to state-backed chipmaker TIMC. Lower weighting on the MSCI Taiwan Index also prompted selling, analysts said. On Thursday, MSCI deleted 6 stocks from its Taiwan index, including chip designer VIA Technologies <2388.tw> and security services provider Taiwan Secom Co Ltd <9917.tw>. (Click [ID:nN11332167] for the list of MSCI deletions]) VIA Technologies slumped nearly 4 percent, while Taiwan Secom shed 3.13 percent. "Falls in shares that were kicked off Taiwan's MSCI list weighed on the overall market and kept some foreign and domestic investors on the sidelines," said Fuh Hwa's Chiu. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.04 pct Close on day 7,670.93 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 news [TOP/EQU] European
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Wednesday, November 11, 2009

DLR

17:01 11Nov09 RTRS-Taiwan dollar edges higher on exporters, fund inflows * T$ crawls to fresh 3-week high on inflows, exporters * T$ tracks upward-bound peers on positive data from China * Market reacts mildly to Taiwan's capital controls (Updates to close) TAIPEI, Nov 11 (Reuters) - The Taiwan dollar edged higher in skittish trade on Wednesday, supported by gains in local stocks and exporter sales of U.S. dollars, a day after the central bank took steps to ban currency speculation. The Taiwan dollar closed at T$32.310, its highest finish since Oct 20. "The Taiwan dollar was boosted by inflows to local stocks," said a dealer in Taipei. "It also tracked gains in some other Asian currencies on positive Chinese economic data." Inflows ame in part from foreign institutions, which bought a net T$11 billion ($340 million) in Taiwan stocks <.TWII>, helping push them up almost 1 percent. Exporter sales of U.S. dollars pushed the Taiwan dollar higher. Exporters seek the local currency for cash needs at home. Also supporting the local currency were favourable data from China, which buoyed the appeal of risky assets such as emerging Asian currencies. On Tuesday Taiwan banned foreign funds from investing in time deposits, a move that appeared to be aimed at deterring bets on currency appreciation. [ID:nTP305449] Market reaction to the ban was mild, as it was difficult to estimate the size of existing deposits and when they would mature. [ID:nSP13884] Taiwan's central bank, which keeps the currency in a managed float and steps in to control sudden fluctuations, bought U.S. dollars on Wednesday to head off any big gains, dealers said. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.310 32.349 Volume in $ mln (Taipei Forex Inc) 808 889 (Cosmos) 32.295 32.342 Six-month NDFs -0.740/-0.690 -0.740/-0.700 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 Roger Tung; Editing by Jonathan Hopfner) ((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: Wednesday, 11 November 2009 17:01:50RTRS [nTP341919] {EN}ENDS

32.310/808/ +10.9

14:45 11Nov09 RTRS-Taiwan stocks close at 2-wk high, TSMC lifts techs * Chipmakers rally; TSMC jumps following lawsuit settlement * Winbond gains on outsourcing agreement with Elpida (Updates indexes, adds quotes and details) TAIPEI, Nov 11 (Reuters) - Taiwan stocks ended up 0.98 percent at a fresh 2-week closing high on Wednesday, led by a rally in chipmaker TSMC <2330.tw> after it settled a lawsuit with rival SMIC <0981.hk>. The main TAIEX share index <.TWII> rose for a fourth straight session, finishing up 74.57 points at 7,668.06, its highest close since Oct. 26. TSMC <2330.tw> the world's largest contract chipmaker, jumped 2.81 percent after SMIC, China's largest contract chipmaker, said on Tuesday that it would pay $200 million and give the right to purchase up to 10 percent of the company to TSMC to settle lawsuits between the two. [ID:nTP302150] Its smaller rival UMC <2303.tw> jumped nearly 5 percent, sending the semiconductor sub-index <.TSII> 2.49 percent higher. "An alliance with SMIC could secure TSMC's leading position in the sector and help stabilise chip prices, thereby improving the health of the entire foundry sector," said Terry Kuo, a fund manager at Taishin Investment Trust Co Ltd. Dynamic random access memory (DRAM) chipmaker Winbond Electronics Corp <2344.tw> surged more than 6 percent on an outsourcing agreement with Japanese DRAM chip maker Elpida Memory <6665.t>. Analysts said the main index saw mild fund inflows after Taiwan banned foreign investors from putting money in time deposits as part of an effort to curb currency speculation. [ID: nTP305449] Turnover rose to T$102 billion ($3.15 billion), up from Tuesday's T$96 billion. The Taiwanese market has climbed more than 64 percent this year, and is currently the third-best performing index among 30 tracked by Thomson Reuters. But fears that there will be a delay in signing a much-anticipated financial pact with China may weigh on gains in the short-term, analysts said. "Foreign investors became less enthusiastic about Taiwan stocks amid a lack of fresh incentives to trade with quarterly results out of the way and a delay in several trade pacts with China," added Taishin's Kuo. On Tuesday, a local media report said Taiwan's premier wanted regulators to explain the details of the financial pact with China to legislators before they sign it [ID:nTP205565]. Investors have also been betting that closer ties with China would be good for Taiwan's technology exporters, analysts said. Netbook pioneer Asustek <2357.tw> jumped 1.57 percent after it signed a $350 million supply agreement with China's Suning Appliance Co <002024.sz>. [ID:nHKG297248] AU Optronics <2409.tw>, the world's No.3 LCD maker, advanced 1.13 percent after securing orders from a procurement delegation from China. ----------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.98 pct Close on day 7,668.06 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ((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 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:[E] [MF] [Z] [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> Wednesday, 11 November 2009 14:45:58RTRS [nTP333517] {EN}ENDS

Tuesday, November 10, 2009

dlr

17:06 10Nov09 RTRS-Taiwan dlr at 3-wk high on inflows, exporters * T$ rises for 5th session on fund inflows, stocks * Low U.S. rates dent the greenback's safe-haven appeal * Central bank sells US$ to curb gains, dealers say (Updates to close) TAIPEI, Nov 10 (Reuters) - The Taiwan dollar rose for a fifth straight session to a three-week closing high on Tuesday due to foreign fund inflows, exporter deals and low greenback demand amid expectations that U.S. interest rates will stay low. The Taiwan dollar rose to T$32.277 in the morning but gave up some gains to end at T$32.349, the strongest close since Oct. 20. "The Taiwan dollar got a lift as the U.S. dollar weakens globally on low interest rates, with fund inflows in local equities and exporters deals adding further support," said a dealer in Taipei. On Tuesday, foreign institutions bought a net T$8.8 billion ($272 million) in Taiwan stocks <.TWII>, which rose 0.75 percent. Exporters also helped push the local currency higher as they actively bid for the Taiwan dollar between T$32.330 and T$32.360 for cash requirements at home, said dealers. In global markets, the U.S. dollar hovered near a 15-month low against a basket of currencies as expectations that U.S. interest rates are likely to stay near zero dampened appeal for the safe-haven greenback. [ID:nT292235] But the Taiwan dollar's strength was capped by the island central bank's purchases of the U.S. currency, dealers said. The monetary authority keeps the local currency in a controlled float and steps in to taper gains it considers excessive. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.349 32.365 Volume in $ mln (Taipei Forex Inc) 889 888 (Cosmos) 32.342 32.342 Six-month NDFs -0.740/-0.700 -0.850/-0.800 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 Alice Chen; editing by Ken Wills) ((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/
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32.349/889/ +8.8

14:38 10Nov09 RTRS-Taiwan stocks end at 2-wk high, HTC leads gains * HTC jumps on hopes of better Q4 revenue on stronger demand * UMC pairs gains after reporting weaker sales in October (Updates indexes, adds quotes and details) TAIPEI, Nov 10 (Reuters) - Taiwan stocks ended up 0.75 percent at a two-week closing high on Tuesday after a broad-based rally on Wall Street and positive exports data raised hopes for better demand, prompting buying in tech exporters such as HTC. The main TAIEX share index <.TWII> closed up 56.79 points to 7,593.49, rising for a third straight session and marking its highest finish since Oct. 27. Smartphone maker HTC <2498.tw>, the world's No.4 smartphone brand, was the most-active stock by turnover and jumped 3.43 percent, sending the electronics sub-index <.TELI> 0.98 percent higher. HTC said on Monday it expects fourth quarter revenue to jump more than 20 percent from the previous quarter, helped by stronger consumer demand ahead of the peak shopping season. [nTPU001839] Analysts said the main index also benefitted from increasing risk appetite as leaders of G20 countries pledged to keep stimulus measures in place for an extended period of time as part of efforts to help a nascent recovery. Turnover rose to T$96 billion ($3 billion) from Monday's T$77 billion, but was still insufficient to push the main index above 7,600 points as concerns over weaker earnings lingered. "Economic data have generally pointed to a firmer recovery, but part of that optimism has already been factored in by foreign buying previously," said Yu Rayming, the chief investment officer at Prudential Financial Securities Investment Trust. "There has been anticipation of some waning in momentum due to expections of weaker corporate earnings, especially in tech firms in the current quarter," said Yu. Taiwan logged its smallest percentage drop in exports in a year on Monday due to rising demand from China. [ID:nTP249578] UMC <2303.tw> , the world's second-largest contract chip maker, pared earlier gains to end the session 0.64 percent lower after it said on Monday that October sales rose 18 percent from a year earlier -- a result lower than a two-year high reached in September, showing signs of weakness in technology demand.[ID:nTP301633] UMC's larger rival TSMC <2330.tw> rose 0.83 percent after Wells Fargo raised its 2010 growth projection for chip makers [ID:nN09265661]. The semiconductor sub-index <.TSII> ended up 1.30 percent. While upstream tech giants could suffer from weaker corporate earnings in the fourth quarter, downstream tech companies could see a delay in sales slowdown ahead of the year-end holiday season, analysts said. PC makers Acer <2353.tw> and Asustek <2357.tw>, jumped 0.79 percent and 2.92 percent, respectively, lifting the computer and peripheral sub-index <.TCPI> 0.82 percent higher. Financial shares took a breather after their recent rally and as the timing and location for a signing ceremony for a cross-straits financial pact remained uncertain. [ID:nTP229390] The banking and insurance sub-index <.TFNI> inched down 0.07 percent. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.75 pct Close on day 7,593.49 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
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Monday, November 9, 2009

dlr

17:22 09Nov09 RTRS-Taiwan dollar near 3-wk high on fund inflows * Rising stocks trigger fund inflows * US$ falls globally after G20 officials hold back on action * Central bank buys U.S. dollars to pare gains (Updates to close) TAIPEI, Nov 9 (Reuters) - The Taiwan dollar rose for a fourth straight session to a near three-week high on Monday, spurred by exporter purchases of the currency and foreign fund inflows following gains in local stocks. The Taiwan dollar rose to as high as T$32.341 to the U.S. dollar before erasing some gains to end at T$32.365, the strongest close since Oct. 21. "Foreign investors in spot and offshore markets were unloading U.S. dollars, and the local currency is expected to track higher as demand for risky assets picks up on a stronger economy," said a dealer in Taipei. The Taiwan dollar is expected to trade between T$32.2 and T$32.5 this week, the dealer said. Foreign institutions were net buyers of Taiwan shares for a second session on Monday, grabbing T$5.8 billion ($179 million) in shares as the stock market <.TWII> finished up 0.99 percent. Exporters, who anticipated further gains in the Taiwan dollar amid optimism about a stronger global economy, offered U.S. dollars at T$32.400. At weaker rates, they can exchange more foreign currency, using Taiwan dollars for cash needs at home. The local currency also found support in a globally weaker U.S. dollar, after a meeting of the Group of 20 finance officials failed to take any concrete action to rebalance global flows or talk more specifically about the dollar's recent decline [ID:nLQ516726]. Pressuring the currency, Taiwan's central bank bought U.S. dollars on Monday as part of its effort to keep the currency from rising too rapidly, dealers said. The monetary authority keeps the currency in a managed float. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.365 32.509 Volume in $ mln (Taipei Forex Inc) 888 593 T$ (Cosmos) 32.342 32.495 Six-month NDFs -0.850/-0.800 -0.720/-0.700 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 Argin Chang; 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/
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32.365/ 888/ +5.8

14:49 09Nov09 RTRS-Taiwan shares close above 1-wk high, banks lead * Financial shares, China-related plays outperform * HTC <2498.tw> leads techs higher on positive brokerage note * Investors cautious ahead of elections in early December (Updates indexes, adds quotes and details) TAIPEI, Nov 9 (Reuters) - Taiwan stocks rose 0.99 percent to their highest close in more than a week on Monday, as gains on Wall Street raised confidence in economic recovery, while banking issues like Cathay Financial <2882.tw> climbed on renewed hopes for warmer trade ties with China. The main TAIEX share index <.TWII> ended up 73.65 points at 7,536.70, its highest close since Oct 28. The banking and insurance sub-index <.TFNI>, the session's top gainer, jumped 2.65 percent. Cathay Financial, the island's top listed financial holding firm, advanced 2.38 percent. "The main index's gain was led by financial shares and MOU-driven," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. "But the gains were less sharp than previously seen because the effect of an MOU (with China) has began to fade." Turnover fell to T$77 billion ($2.4 billion) on Monday, the thinnest in more than a month, as mood turned cautious ahead of mayoral elections in major cities in early December. China was ready to sign a much-anticipated financial services memorandum with Taiwan, local media reported on Monday, citing a Chinese official. [ID: nTP132601] The memorandum, which will mainly cover cross-border financial supervision, will allow Taiwan's banks to tap China's massive market and pave the way for banks in Taiwan and China to invest in each other. A procurement group from China's Jiangsu province, which is expected to buy about $2 billion worth of electronic products, further lifted positive sentiment, analysts said. That news, combined with hopes that an MOU with China will be inked soon, boosted many China-related shares. Taiwan Cement <1101.tw>, which has substantial investments in the mainland, was up 0.86 percent and China Petrochemical <1314.tw> rose 3.2 percent. Technology shares HTC <2498.tw> and AU Optronics <2409.tw> also led mild gains on hopes of better business in the fourth quarter. Smartphone maker HTC jumped 2.04 percent and was the most-active stock by turnover. Brokerage house Macquarie upgraded the stock to "outperform" from "underperform" as HTC's high-priced, feature-rich products still appeal to the upper end of the smartphone market. HTC is scheduled to hold a third-quarter investor conference and give guidance for the fourth quarter later in the day. AU Optronics, the world's No.3 flat-panel maker advanced 0.67 percent after research houses iSuppli and DisplaySearch forecast strong sales in the fourth quarter. But smaller rival Chi Mei Optoelectronics <3009.tw> ended the session 0.59 percent lower. "LCDs could benefit from a boost in demand in the fourth quarter, but good sales are expected to have a limited impact on their share prices as they are already high," said Prudential's Yeh. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.99 pct Close on day 7,536.70 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
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Wednesday, November 4, 2009

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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Tuesday, November 3, 2009

dlr

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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Monday, November 2, 2009

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/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [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> Monday, 02 November 2009 14:38:08RTRS [nTP156096] {EN}ENDS



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

Friday, October 30, 2009

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

Thursday, October 29, 2009

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/
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: Thursday, 29 October 2009 17:13:17RTRS [nTP363695] {EN}ENDS

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

Wednesday, October 28, 2009

32.496/ 693 / -10.9

14:26 28Oct09 RTRS-Taiwan stocks post worst single day fall in 3 wks * Exporters fall after weaker U.S. consumer confidence * UMC drops before reporting better-than-expected Q3 results * Acer eases even after expecting rising shipments (Updates indexes, adds quotes and hot stocks) TAIPEI, Oct 28 (Reuters) - Taiwan stocks fell 1.61 percent on Wednesday, posting its worst daily fall in three weeks, as weaker U.S. consumer confidence raised doubts over the pace of the economic recovery and prompt selling in tech shares such as UMC. The main TAIEX share index <.TWII> finished 123.39 points lower at 7,533.95, logging its worst fall since Oct. 2. The heavily weighted electronics sub-index <.TELI> fell 1.66 percent. UMC <2303.tw> fell 3.07 percent. After market close, the world's second-largest contract chip maker reported a second straight quarterly net profit that beat market expectations. [ID:nTPU001791] Turnover rose to T$111 billion ($3.4 billion) from Tuesday's T$96 billion. "It seems that Taiwan's market reacted only mildly to corporate earnings, with investors paying more attention to the outlook in the broader economy," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Concerns over a slower fourth quarter for the technology sector have begun to kick in, hurting major exporters such as AU Optronics <2409.tw> and Hon Hai <2317.tw>, both of which fell more than 2 percent. Contract laptop PC makers Quanta <2382.tw> and Compal <2324.tw>, which manufacture products for top brands such as Hewlett-Packard and Dell , fell 2.17 percent and 3.54 percent, respectively. Shares of PC vendors also fell, with Acer <2353.tw>, the world's No.2 PC brand, shedding more than 3 percent even after Acer chief executive Gianfranco Lanci told reporters that he expected the company's shipment of portable PCs to exceed 30 million units this year. [ID:nTP284862] Acer's smaller rival Asustek <2357.tw> gave up early gains to end 0.96 percent lower even after the company reported better-than-expected third-quarter earnings on Tuesday. [ID:nTP262252] "I wouldn't take an interest in PC shares right now because one: they have risen by too much, and two: we don't know that demand from North America has truly picked up," said Alvin Tang, an assistant research manager at Sinopac Securities. HOT STOCKS -- Chunghwa Telecom <2412.tw> fell 0.69 percent after a newspaper reported that it may spend about T$10 billion ($310 million) to buy a stake in Asia-Pacific Telecom. -- Cathay Financial <2882.tw>, the island's top listed financial holding firm, fell 1.81 percent after a local newspaper reported that one of its fund arms had signed a two-year agreement with China AMC, China's biggest fund management company, which will provide consulting services for a new fund that the unit is set to launch. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.61 pct Close on day 7,533.95 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
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Tuesday, October 27, 2009

32.480/898/ / -4.7

14:14 27Oct09 RTRS-Taiwan stocks fall; Asustek, Chi Mei up on results * TAIEX tracks losses on Wall Street, regional peers * Asustek, Chi Mei rise after better-than-expected Q3 results * Turnover is the thinnest in one month * TAIEX seen trading around 7,600 points this week (Updates indexes, adds quotes) TAIPEI, Oct 27 (Reuters) - Taiwan stocks ended down 0.14 percent on Tuesday as overnight losses on Wall Street induced profit taking, but gains in Asustek <2357.tw> provided some support after reporting better-than-expected earnings. The main TAIEX share index <.TWII> closed 11.06 points lower at 7,657.34, snapping a two-session winning streak. Turnover was the thinnest in one month at T$96 billion ($3 billion), as caution took hold before more quarterly earnings later this week. "Today is all about individual performance as companies that reported good earnings get rewarded, but they certainly do not represent the whole sector that they belong to," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. "Positive earnings were within investors' expectations and were not enough to convince them to hold on to their shares." Analysts said the index could trade around its 20-day moving average at 7,600 points this week as investors pocketed gains in technology shares that had carried the main index to a 16-month high in recent weeks. Shares of netbook PC pioneer Asustek, the second most-active stock by volume and turnover, finished 5.04 percent higher at a one-year closing high after the firm reported market-beating third-quarter net profit. [ID:nTP273583] The computer and peripheral sub-index <.TCPI> edged up 0.52 percent. Chi Mei Optoelectronics <3009.tw> climbed 1.48 percent after the LCD maker posted a forecast-beating profit in the third quarter and offered a bright outlook for demand for flat-screen TVs. [ID:nTP285412] AU Optronics <2409.tw>, the world's No. 3 flat-panel maker, declined 1.28 percent, underperforming the optoelectronics sub-index's <.TOPI> 0.21 percent fall. The main index's fall eased after heavyweight chip designer Mediatek <2454.tw> rose. Mediatek ended 0.75 percent higher and topped the session's list of most-active stock by turnover. Mediate reclaimed much of the 11 percent that it lost over the past four days after Citi reiterated its buy rating, and on news that it would work with Cheng Uei <2392.tw> to jointly design WiMax chips for use in mobile Internet devices. HOT STOCK -- Hon Hai <2317.tw>, the world's largest electronics parts maker, edged up 0.36 percent after a newspaper reported that it would work with Sony <6758.t> to enter China's market. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.14 pct Close on day 7,657.34 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/
For Related News, Double Click on one of these codes:[E] [M] [T] [D] [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> Tuesday, 27 October 2009 14:14:47RTRS [nTP294872] {EN}ENDS

Monday, October 26, 2009

32.394 / 510 /+7.1

14:19 26Oct09 -Taiwan stocks rise as banks, China plays gain * Financials up on Taiwan-China economic pact hopes * Asustek rises on strong 2010 shipment target * Chi Mei falls ahead of Q3 results (Updates indexes, adds quotes and details) TAIPEI, Oct 26 (Reuters) - Taiwan stocks ended up 0.25 percent on Monday as media reports that Taiwan and China could speed up negotiation on an economic agreement fuelled gains in financial shares like Chinatrust Financial <2891.tw>. The main TAIEX share index <.TWII> finished up 19.12 points at 7,668.40, giving up some of its gains earlier in the session. Turnover was thin at T$105 billion ($3.24 billion), lower than Friday's T$118 billion. "The main index got a temporary lift from China plays such as plastic and financial shares, but later succumbed to selling," said Michael On, managing director at Beyond Asset Management. Financial shares led the main index higher, with Chinatrust Financial rising 0.94 percent after local media reported that China and Taiwan could begin negotiations on an economic agreement earlier than expected. On said the main index should trade mainly between 7,600 and 7,800 this week, with companies that report better-than-expected quarterly earnings leading mild gains. "Third quarter earnings are expected to turn out well, but the broader market has already priced in much of those expectations," said Tom Tang, a vice president at Masterlink Investment Advisory. TSMC <2330.tw> and UMC <2303.tw> , the world's two largest contract chip makers, both ended flat. Both are due to report third- quarter earnings later this week. (For a preview on TSMC and UMC's quarterly results, double-click [ID:nTP185409]). The TAIEX had risen more than 65 percent since the beginning of this year as investors bet that warming ties with economic powerhouse China could help the island's export-reliant economy. In September, Taiwan logged its smallest decline in export orders since last year due to stronger demand from China. [ID:nTP295354] This helped technology companies that have greater exposure to China's market such as Hon Hai <2317.tw>, which rose 1.48 percent, while the electronics sub-index <.TELI> inched down 0.1 percent. PC shares also rose, with netbook PC pioneer Asustek <2357.tw> jumping more than 2 percent. Asustek's chief executive officer said on Friday the company aimed for its notebook PC shipments to grow faster than the overall industry in 2010 on expectations for an uptick in demand. [ID:nTP290911] Asustek's bigger rival Acer <2353.tw>, the world's No.2 PC brand, edged up 0.24 percent ahead of its third-quarter results on Friday. LCD maker Chi Mei Optoelectronics <3009.tw> fell 0.59 percent ahead of its third-quarter earnings, while the optoelectronics sub-index <.TOPI> shed 1.23 percent. The firm reported market-beating results after the market close, helped by increasing demand for tech buys. [ID:nTPU001782] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.25 pct Close on day 7,668.40 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
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