TWN dlr 0331

17:14 31Mar09 RTRS-Taiwan dollar strengthens on exporters' deals* Taiwan dollar extends gains in late trade * Exporters sell U.S. dollars at end of month, quarter * Light central bank intervention curbs strength (Adds close, quotes) TAIPEI, March 31 (Reuters) - The Taiwan dollar firmed on Tuesday on exporters unloading U.S. dollars at the end of the month and quarter, although the central bank lightly intervened to cap the local currency's gains. The Taiwan dollar ended firmer at T$33.917 to the U.S. dollar from the close of T$34.015 in the previous session, when it posted its biggest fall in 1-½ months. Volume on the main Taipei Forex Inc exchange was thin at $733 million, lower than the previous session's $817 million. "Exporters were originally waiting for levels to weaken beyond T$34 to sell U.S. dollars, but in the end, they decided not to wait and sold actively in afternoon trade," said a dealer in Taipei. Exporting firms generally prefer a weaker Taiwan dollar because it allows them to convert U.S. dollars into more of the local currency to help boost their earnings. Dealers said the central bank bought some U.S. dollars later to try and prevent huge swings in the Taiwan dollar. The Taiwan dollar has gained 3.6 percent after hitting a 22-year low in early March as the stock market trended higher due to improvements in certain economic data from the island. Outside Taiwan, dealers were watching more developments in the U.S. auto and financial sectors for more leads. Earlier in the day, U.S. auto troubles sparked more appetite for safe-haven currencies, such as the U.S. dollar, which pressured the Taiwan dollar. On the smaller Cosmos exchange , the Taiwan dollar ended at T$33.915 to the U.S. dollar, stronger than the previous close of T$34.001. (Reporting by Lee Chyen Yee and Argin Chang, 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] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [EMRG] [FRX] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 31 March 2009 17:14:01RTRS [nTP190533] {EN}ENDS

twn stock 0331

14:54 31Mar09 RTRS-Taiwan stocks mark best monthly gain since 2001 * Financials up on hopes of setting up Chinese branches * Compal gains on rising demand from U.S., Europe * Tourism shares up on expectations of more Chinese tourists (Adds details and quotes) TAIPEI, March 31 (Reuters) - Taiwan stocks ended 0.09 percent higher on Tuesday, helped by gains in financial shares such as Cathay Financial <2882.tw> on hopes that local banks could set up branches in China in the second half of this year. The main TAIEX share index <.TWII> finished up 4.79 points at 5,210.84, bouncing back after logging its worst single-day drop in 2-1/2-months a day earlier. Turnover was moderate at T$94.2 billion ($2.8 billion), lower than Monday's T$107.4 billion. In March alone, however, the TAIEX has gained 14 percent, its biggest monthly gain since late 2001 and was one of the best performing global stock markets, according to Reuters data. The market rose as much as 1.5 percent by midday before giving up most of its gain by the close. Investors were cautious after recent gains and awaited economic data from the United States and monthly sales figures from local firms due out by April 10. Analysts said the market will take a breather from recent strong gains but expected the upward trend to resume as a much-anticipated agreement with China for the financial sector by mid-year is likely to prop up financial issues. Cathay Financial, the island's top listed financial holding firm, gained 0.34 percent. The financial sub-index <.TFNI> finished 1.19 percent higher. Taiwan banks are expected to set up branches in China in the second half of this year if the two sides sign a memorandum of understanding (MOU) on opening up their respective financial sectors during a meeting in May, local media reported. "The news is a big boost since current regulations are pretty strict. Financial shares will be a leading sub-index through June when the signing of the MOU is expected to take place," said Alex Huang, a vice president of Mega International Securities. However, some analysts said earnings at local banks would not benefit from the possible move any time soon. Shares of Compal Electronics <2324.tw>, the world's No. 2 contract laptop PC maker, rose 3.18 percent after it said demand from China, the United States and Europe is picking up, and plans to add about 30 percent more new employees by June. [ID:nTP175253] The electronics sub-index <.TELI> inched down 0.04 percent. DRAM shares were mixed after media reported the economics ministry saying Taiwan Memory Co (TMC) will not announce on Tuesday its choice of either Japan's Elpida <6665.t> or Micron of the United States as its technology partner. TMC has said it was likely to make a decision on its foreign technology partner by the end of March at the earliest. Shares of Powerchip <5346.two>, Taiwan's top DRAM maker, dropped 4.13 percent and smaller rival Nanya Tech <2408.tw> fell by the daily 7 percent limit. The semiconductor sub-index <.TSII> was 0.86 percent lower. ProMOS <5387.two>, the island's No.3 DRAM maker, was flat after the firm said 80 percent of investors holding its convertible bonds have agreed to accept its offer to buy them back at a discount or withdraw their redemptions, paving the way for it to secure a loan from banks. [ID:nTP117381] HOT STOCKS -- The tourism sub-index <.THOI> was the day's top advancer, which jumped 6.52 percent on optimism over growing numbers of tourists from China. Local media reported a group of representatives from Chinese travel agencies arrived in Taiwan on Monday to survey potential theme travel. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.09 percent Close on day 5,210.84 2009 intraday high 5,468.49 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] (US$1=T$34.0) (Reporting by Gina Chang; Editing by Dhara Ranasinghe) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.com@reuters.com)) ((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] [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> Tuesday, 31 March 2009 14:54:46RTRS [nTP178164] {EN}ENDS

twn stocks 0330

14:13 30Mar09 RTRS-Taiwan stocks log worst decline in 2-½ months * Market ends 5-session winning streak, off 5-1/2-mth high * Financial issues lead decline as investors book profit * AU, Chi Mei down despite potential tie-ups (Adds details and quotes) TAIPEI, March 30 (Reuters) - Taiwan stocks closed 3.43 percent lower on Monday, posting its worst single-day drop in 2-½ months, as investors locked in strong gains in financial shares made over the past week. The main TAIEX share index <.TWII> ended 184.65 points lower at 5,206.05, marking its biggest one-day decline since Jan. 15 and ending a five-session winning streak that pushed the market to a 5-1/2-month high on Friday. Turnover was moderate at T$107.4 billion ($3.2 billion), lower than Friday's T$143.1 billion. The financial sub-index <.TFNI> was the top drag, ending 6.25 percent lower and wiping out half of the 12.5 percent gain it made last week. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, fell by its 7 percent daily limit. "The market was taking a breather from recent strong gains," said Eddy Chen, a vice president of National Investment Co. "Monthly sales released later this week will provide little boost as the market had mostly priced in signs of an improving economy," said Chen, who expected the market to trade between 5,100-5,500 points this week. Local companies are due to announce their March sales by April 10. But some analysts said the market could soon resume its upward trend as the world stock markets are stabilising and due to recent upbeat economic data from the United States. Taiwan's top credit card issuer Chinatrust Financial <2891.tw> was limit-down after the firm and its subsidiaries said they would place the 1.23 billion Mega Financial <2886.tw> shares it owns under the trust of the state-owned Bank of Taiwan. [ID:nTP66433] Shares of Mega slid 5.6 percent. For now, investors were busy booking profits following a 9 percent rise on the market over the previous five sessions. AU Optronics <2409.tw>, Taiwan's top LCD maker, fell 4 percent and smaller rival Chi Mei <3009.tw> finished limit-down despite a newspaper saying both firms are seeking tie-ups on technology with Chinese appliance makers. [nTP373538] The electronics sub-index <.TELI> was 2.93 percent lower. However, DRAM shares rallied ahead of a tie-up announcement by Taiwan Memory Co (TMC), a DRAM company set up by the government to revamp the struggling industry. Shares of Powerchip <5346.two>, Taiwan's top DRAM maker, and smaller rival ProMOS <5387.two> both surged by their daily limit. Nanya Tech <2408.tw> jumped 6.66 percent. HOT STOCKS -- VIA Technologies Inc <2388.tw>, Taiwan's largest designer of PC processors, declined by its daily limit. The firm said late on Friday it aimed to grab at least a 15 percent share of the global netbook processor market this year, as it will supply more netbook brands later this year. [ID:nTP82190] -- A.G.V. Products <1217.tw> jumped by its 7 percent daily limit after a newspaper said Chinese food and beverage company Wahaha Group is in talks to buy a stake in the firm and hopes to tap on the firm's R&D capabilities. For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -3.43 percent Close on day 5,206.05 2009 intraday high 5,468.49 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (US$1=T$33.9) (Reporting by Gina Chang; Editing by Kazunori Takada) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.com)) ((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:
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twn mkt 0327

14:48 27Mar09 RTRS-Financials push Taiwan stocks to 5-1/2-mth high * Market rises for fifth session to 5-1/2-mth closing high * Financials rally on central bank rate decision * TSMC up after optimistic sector outlook * AU rises after ending unpaid leave for staff (Adds details and quotes) By Gina Chang TAIPEI, March 27 (Reuters) - Taiwan stocks rose for a fifth session on Friday in heavy trade, closing at a fresh 5-1/2-month high as this week's central bank decision to keep interest rates on hold boosted financials such as Cathay Financial <2882.tw>. The main TAIEX share index <.TWII> rose 0.08 percent, or 4.14 points, to 5,390.70, posting its longest winning streak in two months and logging its best close since Oct. 7. The financial sub-index <.TFNI> rose 2.16 percent after Taiwan's central bank surprised markets and left interest rates intact at a record low of 1.25 percent on Thursday. [ID:nTP324609] Shares of Cathay Financial, the island's top listed financial holding firm, rose 3.83 percent and Shin Kong Financial <2888.tw>, Taiwan's No.3 insurer, jumped by its 7 percent daily limit. The rate decision is expected to ease pressure on banks and insurers as it improves their interest rate spread. Previously, the central bank had resorted to seven straight cuts in a bid to support the island's sagging exports amid the global downturn. "The rate decision showed the financial environment is stabilising. The central bank will likely maintain the interest rate through the second quarter," said Alex Huang, a vice president at Mega International Securities. "All the concerns that clouded financial institutions are gone, and there are more positive boosts ahead, such as an agreement with China. The rebound in financial shares has just started." The signing of a much-anticipated memorandum of understanding for the financial sector between Taiwan and China is expected to take place by mid-2009 when top negotiators from both sides meet. Taiwan Semiconductor Manufacturing Co (TSMC) <2330.tw> , the world's top contract chipmaker, gained 0.39 percent after its chairman said the outlook for the global semiconductor industry was better than a month ago. [nTP67516] Adding further optimism was a newspaper report that said the chipmaker could see utilisation rates at its 12-inch wafer plants rising to 80 percent in the second quarter due partly to the rush of orders from mobile phone maker Qualcomm . AU Optronics Corp <2409.tw>, the world's No. 3 LCD maker, rose 1.87 percent after saying it would end unpaid leave for staff from April, following a similar move by chipmaker TSMC and UMC <2303.tw>. [ID:nTP9081] However, gains were pared as investors became cautious and locked in profits from recent rallies. The TAIEX gained a total of 9 percent this week. Shares of UMC <2303.tw> fell 2.5 percent after a 30 percent jump over the past four sessions. The electronics sub-index <.TELI> ended flat while the semiconductor sub-index <.TSII> fell 0.20 percent. Mega's Huang expected the TAIEX to take a breather from recent gains and trade between 5,200-5,600 points next week. Turnover was active at T$142.6 billion ($4.2 billion), but lower than a 10-month high of T$147.5 billion a day earlier. HOT STOCKS -- VIA Technologies <2388.tw>, a small rival of Intel , ended limit-up. Its rise came after a newspaper said the company was planning to raise more than T$3 billion via a private placement and have graphics chip maker Nvidia Corp as a possible investor for the share sale. -- The tourism sub-index <.THOI> lost 2.99 percent as investor hopes for more mainland tourists to visit Taiwan were dashed after China ordered provincial governments on Thursday to stick to the central holiday schedule, dashing plans by southern Guangdong to restore a week-long break that coincides with May Day [nPEK375096]. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.08 percent Close on day 5,390.70 2009 intraday high 5,468.49 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] (US$1=T$33.8) (Editing by Dhara Ranasinghe) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; ReutersMessaging:gina.chang.thomsonreuters.come@reuters.com)) ((If you have a query or comment on this story, send an email tonews.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]
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TW dlr 0326

16:58 26Mar09 RTRS-Taiwan dollar up in face of U.S. dollar weakness * Taiwan dollar gains as U.S. dollar broadly weaker * Activity slow ahead of central bank policy review * After close, source says central bank rates left unchanged (Updates to close) TAIPEI, March 26 (Reuters) - The Taiwan dollar rose on Thursday from a one-week low a day earlier, as comments by the U.S. Treasury Secretary hobbled the dollar. The Taiwan dollar reached T$33.820 to the U.S. dollar, up slightly from the previous day's close of T$33.888, which was its weakest final price since March 19. The local market closed before the Taiwan central bank announced the outcome of a policy review. A source told Reuters the central bank had decided to leave its interest rate unchanged at a record low of 1.25 percent, contrary to most expectations for a cut. [nTPU001226] The U.S. dollar fell against major currencies after U.S. Treasury Secretary Timothy Geithner said he was open to the idea of expanding the use of the International Monetary Fund's special drawing rights, another knock for the status of the U.S. dollar as the world's reserve currency. "The dollar is softer across the board for Asian currencies, and I wouldn't say it's anything specific to Taiwan," said Mitul Kotecha, Calyon's global head of forex strategy. The Taiwan dollar also tracked a gain in Taiwan stocks <.TWII>, which ended up 0.75 percent. [ID:nTP168249] On Thursday, foreign institutions bought T$3.261 billion ($100 million) in Taiwan stocks. They have been net sellers so far in March, buying T$12.268 billion worth of Taiwan shares. Volume on the main Taipei Forex Inc exchange was a light $893 million, compared with $918 million on Wednesday. In the non-deliverable forwards market, six-month NDFs were quoted at -0.280/-0.230, compared with -0.220/-0.170 in the previous session, indicating that the market was expecting the Taiwan dollar to firm by more than expected earlier. On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.810, firmer than the previous final price of T$33.870. (Reporting by Ralph Jennings and Lin Miao-jung; Editing by Neil Fullick) ((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 newsfeedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
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tw stock 0326

14:33 26Mar09 RTRS-Taiwan stocks end at 5-1/2-month highs on DRAM surge * Market gains for 4th straight session as DRAM shares jump * UMC surges on Wall St gains, report of rising capacity * Market turnover at highest in 10 months (Adds quotes) By Gina Chang TAIPEI, March 26 (Reuters) - Taiwan stocks rose 0.75 percent on Thursday to 5-1/2-month closing highs, with DRAM shares rallying after the island's largest DRAM maker Powerchip <5346.two> said the sector was likely to face shortages in the third quarter. The main TAIEX share index <.TWII> climbed 40.18 points to 5,386.56, finishing up for a fourth straight session and logging its highest close since Oct. 7. The TAIEX hit an intraday high of 5,422.95 in early trade, but gains were pared as investors booked profits from a 9 percent rise on the market so far this week. The semiconductor sub-index <.TSII> rose 0.52 percent while the electronics sub-index <.TELI> gained 0.78 percent. Shares of Powerchip and smaller rivals Nanya Tech <2408.tw> and ProMOS <5387.two> rose by their 7 percent daily limit by the close. Powerchip's chairman said on Wednesday the global computer memory chip sector was likely to face shortages in the third quarter, signalling the industry could be bottoming out from its worst-ever downturn. [ID:nTP333464] [ID:nSEO321330] "The downward trend of DRAM supply is unchanged. But there's a gap between the chairman's estimate for demand and ours," said Bevan Yeh, a senior fund manager of Prudential Financial Securities Investment Trust. "We think there will be a rebound in DRAM product prices, but that will likely be a limited one." Shares of UMC <2303.tw>, the world's No.2 contract chip maker, finished limit-up after its ADRs rallied 12.7 percent on Wednesday. Local media cited equipment suppliers on Thursday saying that UMC's capacity utilisation rate will likely exceed 60 percent in April, helped by orders from Mediatek <2454.tw> and other companies. Turnover rose to a 10-month high of T$147.5 billion ($4.4 billion) ahead of the central bank's decision on interest rates later in the day. Turnover was at T$146.9 billion a day earlier. A majority of economists expect Taiwan to cut interest rates by another 25 basis points to a new low to try and spur the economy. [nTP331929] "I don't think the central bank needs to cut rates again since Taiwan's economy is showing signs of recovery," said Michael On, a managing director of Beyond Asset Management. "Even if it does, the cut should be limited and wouldn't have much impact on the stock market tomorrow." HOT STOCKS -- Powertech Technology Inc <6239.tw> rose 1.78 percent after sources said the firm and wafer maker Shin-Etsu Chemical Co Ltd <4063.t> are among five business partners planning to help finance struggling Japanese chipmaker Elpida Memory Inc <6665.t>. [ID:nT370361] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.75 percent Close on day 5,386.56 2009 intraday high 5,422.95 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] (US$1=T$33.8) (Editing by Muralikumar Anantharaman) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.com)) ((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] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [ELC] [ELI] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Thursday, 26 March 2009 14:33:40RTRS [nTP168249] {EN}ENDS

twn dlr 0325

17:11 25Mar09 RTRS-Taiwan dollar closes at week low, more weakness seen * Taiwan dollar at 1-week low on U.S. dollar short-covering * Some investors stay away before c.bank meeting on Thursday * Further weakness seen ahead of earnings season in Taiwan (Adds details, quotes) TAIPEI, March 25 (Reuters) - The Taiwan dollar fell for a second straight session to a one-week closing low on Wednesday as investors covered their short positions on the U.S. dollar, but exporter deals and central bank intervention curbed losses. The Taiwan dollar weakened to an intraday low of T$33.947, but pared some of those losses to close at T$33.888, its weakest close since March 19. The local currency closed the previous session at T$33.788. Volume on the main Taipei Forex Inc exchange was moderate at $918 million, higher than Tuesday's $865 million. "Investors who were short on the U.S. dollar were trying to hedge their risks today," said a dealer in Taipei. "The Taiwan dollar has been rising for a while now, and they're trying to adjust their positions by short-covering the U.S. dollar." Dealers said the spot market took cues from the non-deliverable forwards market, where dealers have been covering their short positions in the U.S. dollar. Six-month NDFs were quoted at -0.220/-0.170, compared to the previous day's -0.230/-0.200, indicating that the market was expecting the Taiwan dollar to firm less than had earlier been expected. Dealers said some investors were staying on the sidelines ahead of a central bank meeting on Thursday, where a majority of economists are expecting a 25 basis point cut in the island's benchmark discount rate. [ID:nTP174054] "The direction of the Taiwan dollar could become clearer after the central bank meeting," said the dealer. "We've got some investors who're sitting by the sidelines and waiting for a clearer direction." Dealers also said the Taiwan dollar is likely to continue to depreciate in coming days as the central bank may continue to intervene to keep the local currency down to help exporters suffering from a demand slump. Many of Taiwan's export-reliant firms generally prefer a weaker local currency as it allows them to get more of the local currency for every U.S. dollar, thus boosting their earnings, which is reported in Taiwan dollars. On the smaller Cosmos exchange , the Taiwan dollar was trading at T$33.870, compared to Tuesday's close of T$33.772. (Reporting by Kelvin Soh and Lin Miao-jung; Editing by Nick Macfie) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) ((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] [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, 25 March 2009 17:11:19RTRS [nTP333236] {EN}ENDS

twn stock 0325

14:20 25Mar09 RTRS-Techs push Taiwan stocks to 5-1/2-mth closing high * Market rises for 3rd day to 5-1/2-mth closing high * Mediatek jumps on report of expected upbeat March sales * Hon Hai up on report of tie-up with Metro Group By Gina Chang TAIPEI, March 25 (Reuters) - Taiwan stocks rose 1.99 percent on Wednesday, up for a third day to hit their strongest close in 5-½ months, with Mediatek <2454.tw> leading tech shares higher. The main TAIEX share index <.TWII> ended 104.20 points higher at 5,346.38, its highest finish since Oct. 7. The TAIEX has risen about 8 percent so far this week. Turnover rose to T$146.9 billion ($4.3 billion), its strongest level since May 30 and up from Tuesday's T$139.1 billion. The electronics sub-index <.TELI> jumped 2.71 percent. "Ample liquidity in the market helped prop up indexes today," said Eddy Chen, a vice president of National Investment Co. "Tech shares also got a boost from the Taiwan dollar, which weakened yesterday after previous gains," said Chen, adding the market could be pressured around 5,500-5,600 points. The Taiwan dollar eased on Tuesday and Wednesday after strong gains over the past week or so, which will make Taiwan's export-led companies, such as technology firms, more competitive. Mediatek Inc, Taiwan's top chip designer and the third-most active share by turnover, jumped 5.76 percent after a newspaper said the firm could see sales hit a record in March thanks to better-than-expected demand for cell phones from China. "The market has more or less factored in positive news on rush orders. Now investors will focus on companies that have better fundamentals and whose sales could keep rising," said Andrew Deng, a vice president of Taiwan International Securities. The report also said Mediatek was set to sign an agreement with Qualcomm to use the U.S. company's patents for its 3G chips. Rush orders from China that helped offset a fall in Taiwan's export orders in February also lifted market sentiment. [ID:nTP173438] Hon Hai <2317.tw>, Taiwan's top electronics gear maker, gained 5.59 percent after local media said the company would form a joint venture with European retailer Metro in 2010 in a bid to tap China's fast-growing consumer electronics market. Shares of Powerchip <5346.two>, Taiwan's top DRAM maker, and its smaller rivals, Nanya Tech <2408.tw> and ProMOS <5387.two>, all rose by their daily 7 percent limit. Powerchip's share move comes before the company holds a media briefing scheduled for 0830 GMT. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.99 percent Close on day 5,346.38 2009 intraday high 5,365.81 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (US$1=T$33.9) (Editing by Nick Macfie) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; ReutersMessaging:gina.chang.thomsonreuters.come@reuters.com)) ((If you have a query or comment on this story, send an email tonews.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
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tw dlr 0324

17:46 24Mar09 RTRS-Taiwan dollar eases, ends 6-day winning streak
* Taiwan dollar ends 6-day winning streak on c.bank
* Taiwan dollar could weaken towards T$34, dealers say
* Weak February export orders could weigh on Taiwan dollar

(Updates closing values, adds details)
TAIPEI, March 24 (Reuters) - The Taiwan dollar eased slightly on Tuesday, ended a six-day winning streak, as the central bank bought U.S. dollars to taper any gains in the local currency caused by exporter deals and foreign fund inflows.
The Taiwan dollar was firming for most of the session, hitting a high of T$33.729, but the central bank intervened in the final minutes of trade to drag it down into negative territory.
The local currency closed at T$33.788, slightly weaker than Monday's close of T$33.785.
"The central bank was sending a very clear message today that it still wants the Taiwan dollar to be weak," said a dealer in Taipei. "It was climbing the entire day until the final few transactions when there was a sudden reversal."
Volume on the main Taipei Forex Inc exchange was thin at $865 million, lower than Monday's $1.106 billion, as some dealers were sidelined because they were wary of the central bank.
Dealers said the Taiwan dollar was likely to depreciate in the coming days as the central bank actively intervened to keep the local currency down.
Many companies in Taiwan are heavily dependent on exports and trade in foreign currencies such as the U.S. dollar, and a weaker Taiwan dollar would mean they get more of the local currency and increase their competitiveness in the global market.
"The Taiwan dollar could test the T$34 level in the next few days," said another dealer in Taipei. "I really don't think anyone is expecting the Taiwan dollar to climb any more from now on."
Other dealers also said Taiwan's February export orders, which were released minutes before the foreign exchange market closed and showed a 22.3 percent decline from the year before, could also weigh on sentiment in coming days. [ID:nTP327844]
On the smaller Cosmos exchange , the Taiwan dollar was trading for T$33.772 compared with Monday's close of T$33.770. (Reporting by Lin Miao-jung and Kelvin Soh, Editing by Jacqueline Wong)
((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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For Relevant Price Information, Double Click on one of these codes:
Tuesday, 24 March 2009 17:46:57RTRS [nTP258015] {EN}ENDS

TW stock 0324

14:16 24Mar09 RTRS-Banks push Taiwan stocks to 5-month closing high
* Banks lead market to over 5-mth high on Wall Street rally
* UMC surges after ending unpaid leave
* Market turnover at highest in nearly 10 months

(Adds details and quote)
By Gina Chang
TAIPEI, March 24 (Reuters) - Taiwan stocks rose 2.3 percent
in strong volume on Tuesday to end at its highest in more than
five months, led by Shin Kong and other financials as Wall Street
surged on the U.S. government's plan to absorb toxic debts.
The banking and insurance sub-index <.TFNI> ended 3.2 percent
higher, with Shin Kong Financial <2888.TW>, parent of the
island's No. 3 life insurer, up by its daily limit of 7 percent.
"The U.S. government's economic-boosting measures and some
better-than-expected data such as a rise in housing sales all
indicated that the U.S. economy has a very good chance to recover
in the next few months," said John Chiu, a vice president of Fuh
Hwa Securities Investment Trust.
The main TAIEX share index <.TWII> finished 118.0 points
higher at 5,242.2, logging its strongest close since Oct.15,
after the index jumped 3 percent in the previous session.
Turnover surged to T$139.1 billion ($4.1 billion), its
strongest level since May, from Monday's T$93.1 billion.
In the tech sector, UMC <2303.TW>, the world's No.2 contract
chip maker, jumped by its 7 percent daily limit after the firm
said on Monday it had ended all unpaid staff leave, echoing a
similar move from larger rival TSMC <2330.TW>. [ID:nTP176182].
UMC made the announcement after the close of trading hours on
Monday.
UMC's ADR shot up 17.8 percent in New York trading.
Shares of Taiwan Semiconductor Manufacturing Co (TSMC)
gained 4.2 percent, lifting the semiconductor sub-index
<.TSII> 3.5 percent higher.
Quanta Computer <2382.TW> and Compal <2324.TW>, the world's
two largest contract notebook PC makers, both rose more than 4
percent after a local newspaper said Dell Inc's founder
Michael Dell visited the companies over the weekend in a move
that could increase Dell's outsourcing orders to the companies.

HOT STOCKS
-- ProMOS <5387.TWO> finished limit-up, rallying for a second
day after a majority of investors holding its convertible bonds
accepted its offer to buy them back at a discount or withdraw
their redemptions. [ID:nTP124386]
--------------------TAIEX IN PERSPECTIVE--------------------
Move on day 2.30 percent
Close on day 5,242.18
2009 intraday high 5,264.94
2009 intraday low 4,164.19
All time high 12,682.41 12 FEB 1990
------------------------------------------------------------
(US$1=T$33.8)
((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters
Messaging:gina.chang.thomsonreuters.come@reuters.com))
((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

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14:09 23Mar09 RTRS-Taiwan stocks hit 5-mth high as TSMC, ProMOS surge * Market hits over 5-mth closing high as TSMC, UMC lead * ProMOS limit-up after majority investors agree redemption * Banking shares rise as govt proposes lower ceiling on rates (Adds details, quotes) By Gina Chang TAIPEI, March 23 (Reuters) - Taiwan stocks rose 3.28 percent on Monday to a more than five-month closing high, with bellwether TSMC <2330.tw> leading technology shares higher after the company said it would end unpaid leave from April. Shares of struggling DRAM maker ProMOS <5387.two> surged after it said more than 79 percent of investors holding its convertible bonds had agreed to accept its offer to buy them back at a discount or withdraw their redemptions. [nTP124386] The main TAIEX share index <.TWII> ended up 162.56 points at 5,124.18, a closing level not seen since Oct. 15. Turnover was moderate at T$92.7 billion ($2.7 billion), lower than Friday's T$101.4 billion. Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker, jumped 5.45 percent after saying late on Friday it would end all unpaid leave for staff across the company from April. [ID:nTP145703] "Visibility has become clearer in the tech sector, boosting market heavyweights (such as TSMC) today," said Robert Hsieh, a vice president at Shin Kong Investment Trust. "Tech shares have a good chance to lead the market up further. But at the same time, we need to watch if tech exporters will be pressured by recent rises in the Taiwan dollar." The Taiwan dollar had gained more than 3.9 percent on Friday since hitting a 22-year intraday low in early March due to a recent surge of foreign fund inflows and exporters selling U.S. dollar earnings from some rush orders. The currency was unchanged around midday on Monday. TSMC shares also got a boost after a local newspaper cited estimates from chip equipment makers that TSMC and smaller rival UMC <2303.tw> have seen their utilisation rates rising to 65 percent and 50 percent, respectively, in the second quarter. Shares of UMC ended by their 7 percent daily limit, and the semiconductor sub-index <.TSII> was up 4.59 percent. ProMOS was another big winner, jumping limit-up to T$0.96, after state-owned Bank of Taiwan said earlier on Monday the DRAM maker would likely get a T$3 billion syndicated loan from the lender and other banks. [nTPU001209] "It's still very unclear what would happen next to ProMOS. But some investors bought its shares, making speculative bets on the shares since its price has become very low," said Wang Kao-hsiung, a vice president of KGI Securities. The financial sub-index <.TFNI> rose 3.39 percent after local media said the Taiwan government would propose maximum interest rates banks charge on credit card loans of 15.5-18.5 percent, higher than the 12.5 percent lawmakers have initially approved. [nTP59284] Chinatrust Financial <2891.tw>, the island's top credit card issuer, jumped 2.12 percent. Shares of Cathay Financial <2882.tw> rose 3.73 percent after a company executive said the firm and MF Global would launch Taiwan's first futures fund, with plans to raise T$7 billion for the fund in May. [ID:nTP69974] HOT STOCKS -- Smartphone maker HTC <2498.tw> and Mediatek <2454.tw>, Taiwan's top chip design house, rose 0.93 percent and 2.33 percent, respectively, after a newspaper said on Monday both firms were expected to benefit from China's upcoming launch of third-generation (3G) phone services. -- Digital camera equipment maker Asia Optical <3019.tw> jumped 6.28 percent after saying on Monday it will set up a Hong Kong joint venture with Singapore's electronics maker Flextronics to manufacture digital cameras. [nTP171287] -- Cosmos Bank <2837.tw> fell 3.9 percent after Taiwan's top financial regulator said on Friday it had approved an application by the bank, majority owned by a key U.S. hedge fund, to close 12 of its branches on the island. [ID:nTP150950] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 3.28 percent Close on day 5,124.18 2009 intraday high 5,125.40 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] (US$1=T$33.8) ((Editing by Jacqueline Wong)) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.com)) ((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
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twn dlr 0320

16:48 20Mar09 RTRS-Taiwan dlr at 1-mth high on U.S. woes, c.bank curbs * Taiwan dlr gains on U.S. economy, strongest in early trade * Exporters, foreign banks buy local currency * Central bank buys U.S. dollars to curb the gains (Updates to close) TAIPEI, March 20 (Reuters) - The Taiwan dollar hit a more than one-month closing high on Friday as fears of a faltering U.S. economy pushed the dollar down globally, but the island's central bank capped gains by buying the U.S. currency. The Taiwan dollar closed at T$33.800 to the U.S. dollar, the strongest final price since Feb. 6 and up from Thursday close of $33.924. The currency also reached an intraday high of $33.630 in early trade, its highest since Feb. 9, but gave back early gains as Taiwan's central bank bought U.S. dollars, dealers said. "I think the central bank wants to stabilise the market," a dealer in Taipei said. "The currency went way up as soon as it opened, but everyone was saying 'hey, let's wait.'" Some investors, such as exporters, were waiting for the Taiwan dollar to come off the high so that they could exchange U.S. dollars into more of the local currency. The central bank, which keeps the Taiwan dollar in a managed float, seeks to help Taiwan exporters, which have been hammered by recession and prefer a weaker currency. The U.S. dollar, which headed for its biggest weekly fall in 24 years as investors feared the Federal Reserve's plans to buy longer-term government debt would cheapen the world's reserve currency, gave the local currency its key boost of the day. Later, the Taiwan currency gave up some gains after the South Korean won traded lower on importers' deals, dealers said. The won turned lower against the U.S. dollar on Friday as importers seized on a sharp fall in the U.S. currency as a chance to buy it for settlements. Losses in Taiwan stocks, down 1.48 percent on the day, also pressured the currency. Besides foreign banks and exporters selling U.S. dollars, there were also some oil-related companies that were buying U.S. dollars, limiting the Taiwan currency's gains, dealers said. Volume on the main Taipei Forex Inc exchange was $1.247 billion, down from $1.408 billion a day ago. The Taiwan dollar has gained more than 3.9 percent since hitting a 22-year intraday low in early March due to a recent surge of foreign fund inflows and exporters selling U.S. dollar earnings from some rush orders. However, the local currency is still 2.9 percent weaker since the beginning of this year due to worries about the general state of the global economy. On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.765, stronger than its Thursday final price of T$33.930. (Reporting by Ralph Jennings and Roger Tung, Editing by Jacqueline Wong) ((ralph.jennings@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: ralph.jennings.reuters.com@reuters.net)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [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, 20 March 2009 16:48:36RTRS [nTP131752] {EN}ENDS

twn stock 0320

14:11 20Mar09 RTRS-Taiwan stocks fall as credit card woes hurt banks * Financial shares drag on Taiwan stocks * Strong Taiwan dollar weighs on export-reliant techs * Analysts warn correction may take place soon (Adds details, quotes) TAIPEI, March 20 (Reuters) - Taiwan stocks closed 1.48 percent lower on Friday, dragged down by financial shares such as Cathay Financial <2882.tw> on concerns they could be hurt if parliament sharply lowered maximum interest rates on credit cards. The main TAIEX share index <.TWII> closed 74.31 points lower at 4,961.62, further retreating from the five-month intraday high hit on Thursday. Turnover stood at T$101.4 billion ($2.9 billion), lower than T$116.8 billion in the previous session. Cathay Financial closed 2.76 percent lower, while the broader financial sub-index <.TFNI> declined 2.99 percent. "Some of the financial companies are already not doing very well, so to have parliament want to cut their interest rate charges on credit cards would be another blow," said Kevin Chung, a Jih Sun Securities fund manager. "The recent rally by financial shares has only added to concerns that they could be overvalued, so that's all causing things to slip today." Other major financial holding companies such as Fubon Financial <2881.tw> and Shin Kong Financial <2888.tw> also lost ground, declining 0.76 percent and 4.72 percent, respectively. The heavily export-reliant tech sector slipped under the weight of a rising Taiwan dollar, as investors fretted that a stronger local currency would decrease the attractiveness of the island's exports and drive down sales. The Taiwan dollar firmed sharply on Friday to hit a one-month intraday high due to inflation fears stemming from the U.S. Federal Reserve's decision to pump in $1 trillion into the U.S. economy, leading to outflows from the greenback. AU Optronics <2409.tw>, Taiwan's largest LCD maker, fell 3.51 percent even after it gave a bullish outlook for the year. [ID:nTP254971] Other tech shares also fell, with PC brands Acer <2353.tw> and Asustek <2357.tw> falling about 3 percent, while top contract chipmaker TSMC <2330.tw> declined about 3 percent. "If you look at how much tech shares have climbed recently, they're far outperforming their overseas peers," said Chung. "Is there any reason for this? Probably not, and it's about time for a correction." Other analysts also warned that the market could fall further in the coming week as the benchmark share index had already risen more than 10 percent since the beginning of the month. "We've already cut our equity holdings following the recent rally," said King's Town Bank investment division's deputy section chief Kevin Huang. "Taiwan shares have come up so much recently, it's about time they returned to fundamentals." --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -1.48 percent Close on day 4,961.62 2009 intraday high 5,125.40 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 Kelvin Soh; Editing by Jonathan Hopfner) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.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:
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twn dlr 0919

16:38 19Mar09 RTRS-Taiwan dollar ends at over 1-mth high, c.bank curbs * Taiwan dollar firms past T$34 to over one-month high * Boosted by exporters, Fed's decision to buy long-term bonds * Central bank checks on some trades (Adds closing prices) TAIPEI, March 19 (Reuters) - The Taiwan dollar breached the psychological barrier of T$34 to close at a more than one-month high on Thursday, boosted by exporters' deals and the Federal Reserve's plans to buy bonds to help the U.S. economy. The Taiwan dollar rose by more than 1 percent to hit an intraday high of T$33.789, but the local currency later shed some gains to end at T$33.924, the strongest close since Feb. 6, after the central bank's moves to curb the rise. The local currency closed at T$34.156 on Wednesday. Volume on the main Taipei Forex Inc exchange was hefty at $1.408 billion, higher than the previous session's $1.1 billion. One out of five dealers contacted by Reuters said the central bank continued to make calls to check on some trades on U.S. dollar sales. The other four said they had not heard. The central bank, which manages the Taiwan dollar in a controlled float, also tried to taper any larger gains by actively buying U.S. dollars. "The central bank bought U.S. dollars at almost every tick from T$33.7," said a dealer in Taipei. "They also made some calls today to some banks to ask about the flows." Several dealers said on Tuesday and Wednesday the central bank phoned some banks to ask about their U.S. dollar sales, which pushed the Taiwan dollar down sharply. [ID:nTP374830] The Taiwan dollar has gained 3.6 percent since hitting a 22-year low in early March due to a recent surge of foreign fund inflows and exporters selling the U.S. dollar earnings from some rush orders. However, the local currency is still 3.2 percent weaker since the beginning of this year due to worries of the general state of the global economy. On the smaller Cosmos exchange , the Taiwan dollar strengthened to T$33.930, compared to Wednesday's close of T$34.140. (Reporting by Lee Chyen Yee and Jeanny Kao; Editing by Ken Wills) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [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, 19 March 2009 16:38:12RTRS [nTP75469] {EN}ENDS

tw stock 0319

14:20 19Mar09 RTRS-Taiwan stocks slide, techs fall on stronger currency * Stocks off 5-month high as firmer T$ weighs on exporters * Financial stocks track U.S. banking share gains * Construction issues jump on stronger Taiwan dollar * ProMOS up on company's bond redemption efforts (Adds details and quotes) By Gina Chang TAIPEI, March 19 (Reuters) - Taiwan stocks fell 0.23 percent on Thursday, ending a four-session winning streak, as a sharp rise in the Taiwan dollar pressured technology exporters such as contract chip maker TSMC <2330.tw>. The main TAIEX share index <.TWII> ended 11.61 points lower at 5,035.93, retreating from a five-month intraday high during the session as investors locked in profits from recent advances on the market. Turnover was at T$116.8 billion ($3.5 billion), slightly lower than T$119.4 billion in the previous session. The electronics sub-index <.TELI> fell 0.77 percent, while TSMC , the world's top contract chip maker, lost 2.38 percent. "The Taiwan dollar has risen a lot recently, and that pressured tech shares," said Tu Jin-lung, chairman of Grand Cathay Investment Services. "There is also short-term profit-taking from the market's recent strong performance." The Taiwan dollar strengthened past the key psychological barrier of T$34 shortly after the market opened on Thursday, hitting a more than one-month high. [nTP367480] However, analysts said the currency would have little chance to rise sharply again in the near term as the central bank preferred it to remain weak to support exporters." DRAM shares fell after President Ma Ying-jeou said Taiwan will not rescue any troubled companies with cash injections. The comment echoed similar comments by other officials on plans to restructure the island's ailing memory chip sector. [ID:nTP372070] Shares of Powerchip <5346.two> and Nanya Tech <2408.tw>, Taiwan's top DRAM makers, fell 5.31 percent and 2.33 percent. But ProMOS <5387.two>, Taiwan's No. 3 DRAM maker, jumped by their daily limit after the firm moved to attract more of its bondholders to redeem their debt at a heavy discount, aiming to meet a condition set by a lending group helping it to pay off the obligation. [ID:nTP123277] While a steep rise in the Taiwan dollar weighed on tech shares, financial and construction company stocks benefitted from the appreciation of the currency. "The rise in the Taiwan dollar has sped up foreign fund inflows, boosting financial and construction stocks," said Alex Huang, a vice president of Mega International Securities. Foreign institutions have bought about T$27.5 billion worth of local stocks over the past six sessions. The construction sub-index <.TCOI>, the top winner of sub-indexes, surged 5.97 percent. The financial sub-index <.TFNI> rose 1.89 percent, with Cathay Financial <2882.tw>, the island's top financial holding firm and the most active share by turnover, up 5.46 percent. Financial shares were also lifted by a 10 percent jump in their U.S. counterparts after the U.S. Federal Reserve said it would buy up t o$300 billion in long-term treasury bonds, the first such large-scale purchase in four decades to help resuscitate lending. HOT STOCKS -- Food and beverage conglomerate Uni-President <1216.tw> was up 3.93 percent after a local newspaper report said China's rejection of Coca-Cola's acquisition of Huiyuan Juice <1886.hk> could provide an opportunity for Uni-President to step in. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.23 percent Close on day 5,035.93 2009 intraday high 5,125.40 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] (US$1=T$33.8) ((Editing by Ken Wills; gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.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
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17:06 18Mar09 RTRS-Taiwan dollar closes at near five-week high * Taiwan dollar hits 5-week closing high on funds, exporters * Central bank tries to taper gains by calling dealers * Taiwan dollar up 3 pct since hitting 22-year low in March (Updates closing values, adds details) TAIPEI, March 18 (Reuters) - The Taiwan dollar strengthened to a near five-week closing high on Wednesday on exporters' deals and foreign fund inflows, but the central bank tried to cap gains by calling dealers to inquire about their trades. The Taiwan dollar rose to a high of T$34.133 in early trade but closed at T$34.156, its strongest close since Feb. 13. It closed at T$34.278 the previous session. "The central bank was doing very strange things today," said a dealer in Taipei. "They tried to stop a dealer from selling a small amount of U.S. dollars on behalf of a tech company in its bid to keep the Taiwan dollar down." Taiwan's central bank maintains the local currency in a managed float and frequently buys and sells U.S. dollars in the foreign exchange market to prevent huge fluctuations. The authorities also use verbal intervention by calling up dealers on huge trades. [ID:nTP374830] Volume on the main Taipei Forex Inc exchange was moderate at $1.1 billion, lower than the $1.2 billion recorded on Tuesday. The Taiwan dollar has gained nearly 3 percent since hitting a 22-year low earlier in March as foreign institutions and exporters actively sell U.S. dollars. "Everyone knew the central bank was trading very actively in the morning, so most investors and companies were sidelined and only began to be more active in afternoon trade," said another dealer. On the smaller Cosmos exchange , the Taiwan dollar closed at T$34.140, compared to Tuesday's close of T$34.180. (Reporting by Lee Chyen Yee and Jeanny Kao; Editing by Nick Macfie) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [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, 18 March 2009 17:06:25RTRS [nTP1654] {EN}ENDS

tw stock 0318

14:16 18Mar09 RTRS-Taiwan stocks hit 5-mth closing high as techs lead * Market up for 4th straight day as tech shares rise * HTC down despite expectations of rising China sales * Mediatek falls on low visibility in demand (Adds details and quotes) By Gina Chang TAIPEI, March 18 (Reuters) - Taiwan stocks rose 0.12 percent to a five-month closing high on Wednesday, as a Wall Street rally helped lift tech shares including TSMC <2330.tw>, although some investors locked in profits following recent gains. The main TAIEX <.TWII> share index ended up 6.15 points at 5,047.54, its highest close since Oct. 16, 2008, and its fourth straight session of gains. Turnover rose to T$119.4 billion ($3.5 billion) from Tuesday's T$107.4 billion. The electronics sub-index <.TELI> gained 0.51 percent, with Taiwan Semiconductor Manufacturing Co (TSMC) , the world's top contract chip maker, up 0.80 percent. However, gains were pared by investors seeking to lock in profits after recent advances on the stock market. The TAIEX has risen by about 19 percent since the end of January. "The indexes are benefiting from ample liquidity in the market. But the market has actually been overshooting without much healthy fundamental news to support its gains," said Eddy Chen, a vice president of National Investment Trust. "It will be trading within a tight range in the short term as investors have become more conservative." Shares of smartphone vendor HTC <2498.tw> fell 0.59 percent, surrendering early gains. The company said it expected sales in China to double to 1.6 million units this year, and reaffirmed its previous target of double-digit revenue growth this year. [ID:nTP323181] "HTC's China market is relatively small compared with its major U.S. and European markets, so I don't think the news will be a big boost to its shares," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. Mediatek Inc <2454.tw>, Taiwan's top chip designer, fell 1.29 percent after saying visibility in chip demand was not clear in the second half of the year. [ID:nTP316972] But shares of struggling DRAM chip makers rallied after local media said the chip's spot prices have risen more than 10 percent. Powerchip <5346.two> and Nanya Tech <2408.tw>, Taiwan's top two DRAM makers, gained 3.17 percent and 2.55 percent, respectively. Smaller rival ProMOS <5387.two> closed limit up. Powerchip and Nanya shares were further boosted by local media reports that a senior Powerchip executive visited the offices of competitor Nanya's parent company on Tuesday to ask them to align themselves with Japan's Elpida <6665.t>. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.12 percent Close on day 5,047.54 2009 intraday high 5,083.55 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] (US$1=T$34.2) (Editing by Jacqueline Wong) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.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
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14:07 17Mar09 RTRS-Taiwan stocks hit 5-mth closing high on financials * Financial shares push market to 5-mth closing high * HTC gains after upbeat outlook * Powerchip limit-up after reportedly selling Rexchip stake (Adds details and quote) TAIPEI, March 17 (Reuters) - Taiwan stocks rose 1.41 percent on Tuesday to a five-month closing high, as growing optimism about the global financial system boosted banking shares such as Cathay Financial <2882.tw> and Chinatrust Financial <2891.tw>. The main TAIEX share index <.TWII> ended up 70.07 points at 5,041.39, closing above 5,000 points for the first time since Oct. 16. Turnover was moderate at T$107.4 billion ($3.1 billion), up from T$105.8 billion a day earlier. The financial sub-index <.TFNI> was the second-biggest winner of the sub-indexes, jumping 2.62 percent on signs the global financial system is stabilising after British bank Barclays Plc said it has had a strong start this year. Shares of Cathay Financial, Taiwan's top listed financial holding firm, rose 2.84 percent and rival Chinatrust Financial jumped by its 7 percent daily limit. Cathay share were further propped up after a newspaper said foreign investors bought its shares on Monday, ending 20 straight sessions of sell-off for the stock. "It seems foreign investors have become more optimistic about financial shares. But investors should be cautious that their gains could be a short-term boost since the outlook for the economy remains unclear," said Tu Jin-lung, chairman of Grand Cathay Investment Services. Tu expected the market to trade between 4,850-5,095 points this week. The electronics sub-index <.TELI> ended up 0.87 percent. Shares of smartphone vendor HTC <2498.tw> rose 2.3 percent after reaffirming its previous target of double-digit revenue growth for this year, and saying it expects momentum to pick up from the second quarter as it pushes out new models. [nTP256933] Mediatek Inc <2454.tw>, Taiwan's top chip designer, rose 1.64 percent even after saying visibility in chip demand was not clear in the second half of the year. [ID:nTP316972] Shares of Taiwan's top DRAM maker Powerchip <5346.two> ended limit-up after it said it sold part of its stake in its Rexchip joint venture with Japan's Elpida <6665.t> to the Japanese company. HOT STOCKS -- The construction sub-index <.TCOI> rose 0.90 percent after a newspaper said local insurers affiliated with financial holding companies such as Cathay Financial and Shin Kong Financial <2888.tw> would spend about T$200 billion on real estate this year. -- The tourism sub-index <.THOI> dipped 0.69 percent, as investors took profits from its 6.9 percent surge on Monday. Shares of hotel chain operators have gained momentum recently as the number of Chinese tourists visiting Taiwan increased sharply. -- The transportation sub-index <.TTPI> advanced 1.52 percent after a newspaper said direct shipping routes between Taiwan and China could begin by May, between the southern port city of Kaoshiung and the Chinese city of Xiamen. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.41 percent Close on day 5,041.39 2009 intraday high 5,050.63 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] (US$1=T$34.3) (Reporting by Gina Chang, Editing by Jacqueline Wong) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.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]
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16:50 17Mar09 RTRS-Taiwan dollar closes at 1-mth high, but c.bank intervenes * Taiwan dollar at one-month high on fund inflows * Central bank caps gains actively before close (Updates with close, quotes) TAIPEI, March 17 (Reuters) - The Taiwan dollar rose sharply to a one-month high on Tuesday as foreign funds bought into the currency on signs of a stabilising global economy, which will help the island's key export sector. Minutes before the close, the Taiwan dollar rose to an intraday high of T$34.180, the highest level since Feb. 16, but the central bank bought U.S. dollars right after, causing the currency to end at T$34.278, the strongest finish since Feb. 13. "The central bank withdrew its U.S. dollar bids at around T$34.280, causing some panic selling in U.S. dollars and pushing the Taiwan dollar to T$34.180," said a dealer in Taipei. "But the central bank came in at the very last minute, helping cap the Taiwan dollar's gains. Some of us suffered losses." The Taiwan dollar has gained 2.5 percent since hitting a 22-year low earlier in March, mainly boosted by brisk foreign fund inflows and exporters selling U.S. dollar earnings from rush orders. Volume on the main Taipei Forex Inc exchange was active at $1.244 billion, up sharply from a light $813 million the previous session. Dealers said the central bank, which keeps the Taiwan dollar in a managed float, tempered any further gains in a bid to keep the local currency's exchange rate relatively weak to help the island's exporters. The Taiwan dollar also took cues from the South Korean won as both economies share similar export-reliant trade profiles that rely heavily on their respective tech industries. On Tuesday, the won hit its strongest closing high in more than a month, helped by temporary signs of stability in the global financial sector. On the smaller Cosmos exchange , the Taiwan dollar ended at T$34.180, higher than the previous day's close of T$34.390. (Reporting by Lee Chyen Yee and Jeanny Kao; Editing by Nick Macfie) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) Keywords: MARKETS TAIWAN CURRENCY/
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tw dlr 0316

17:20 16Mar09 RTRS-Taiwan dollar up on funds, exporters; cbank curbs * Taiwan dollar gains on foreign fund inflows, exporters * Central bank buys U.S. dollars, curbs Taiwan currency gains * Dealers expect some resistance at T$34.3 this week TAIPEI, March 16 (Reuters) - The Taiwan dollar rose on Monday as the Group of 20 economies' efforts to address the global downturn boosted investors' demand for risk and on exporters selling of U.S. dollars. The Taiwan dollar rose to as high as T$34.391, shy of a three-week high of T$34.239 posted last week, before ending at T$34.416. It closed at T$34.495 on Friday. Volume on the main Taipei Forex Inc exchange was light $813 million, lower than $1.032 billion in the previous session. "Foreign fund inflows were quite active and exporters were also busy selling U.S. dollars," said a dealer in Taipei. "But importers' deals limited the gains in the Taiwan dollar and the central bank also tried to prevent the Taiwan dollar from strengthening past T$34.4," the dealer said. Over the weekend, the Group of 20 finance ministers promised money to help emerging market economies and said they would use fiscal and monetary means to combat the global economic crisis. [ID:nLE661847] Exporters who benefitted from some rush orders also sold U.S. dollars which propped up the Taiwan currency. "We saw slightly more exporters' deals lately because of the rush orders and they had more U.S. dollars to convert," said another dealer in Taipei. Taiwan's exporters fell 28.6 percent in February, but that decline was more gradual than January's record plunge as buyers restocked after depleting their inventory too quickly. [ID:nSP486505] The central bank has been capping the Taiwan dollar's gains as it prefers the local currency to trend lower gradually to help exporters during a global downturn. On the smaller Cosmos exchange , the Taiwan dollar rose to T$34.390 to the U.S. dollar from the previous close of T$34.475. (Reporting by Jeanny Kao and Lee Chyen Yee; Editing by Kazunori Takada) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) Keywords: MARKETS TAIWAN CURRENCY/
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twn stock 0316

14:03 16Mar09 RTRS-Taiwan stocks at 4-mth closing high, tourism lifts * Tourism shares fly on China tourist visits * Financials up on report of size of financial rescue fund * DRAMs mixed on report Kingston will take a stake in TMC (Adds details and quote) TAIPEI, March 16 (Reuters) - Taiwan stocks rose 1.5 percent to a four-month closing high on Monday, with hotel chain operators such as Leofoo Development Co <2705.tw> jumping as a record-sized group of mainland tourists arrived in Taiwan. The main TAIEX share index <.TWII> ended up 73.93 points at 4,971.32, its highest close since Nov. 5. Turnover was moderate at T$105 billion ($3 billion), lower than Friday's T$125 billion. The tourism sub-index <.THOI> jumped 6.9 percent as investors were encouraged by the arrival of a record-sized group of 12,000 Amway workers from China on Monday for a three-day visit. "The Amway news is only a short-term boost. Investors should be cautious despite tourism shares' rally today," said Andrew Deng, a vice president of Taiwan International Securities. Shares of hotel operator Leofoo Development Co surged 6.8 percent to their daily limit and rival Ambassador Hotel <2704.tw> gained 6.9 percent. The financial sub-index <.TFNI> rose 2.1 percent after media reported that the Taiwan government wants to boost its financial rescue fund four-fold, to more than T$1 trillion to stabilise the financial system. [ID:nTP206202] Despite the day's gain, Deng said the market could be pressured as it approaches the psychological 5,000-point level. The electronics sub-index <.TELI> rose 0.7 percent, with Taiwan Semiconductor Manufacturing Co (TSMC) <2330.tw> , the world's top chip maker, up 1 percent. But TSMC's smaller rival UMC <2303.tw> fell 2.1 percent as investors locked in its recent gains and ignored a newspaper report the firm's utilisation rate at its 12-inch wafer factories has risen to about 70 percent. HOT STOKCS -- DRAM shares were mixed after a newspaper reported on Monday U.S.-based DRAM module supplier Kingston Technology will take a 5-10 percent stake in the newly formed Taiwan Memory Co (TMC). Shares of Powerchip <5346.two> and ProMOS <5387.two> lost 2.1 percent and 6.6 percent, respectively. Nanya Tech <2408.tw> gained 1.3 percent. -- Contract laptop maker Inventec <2356.tw> rose 0.4 percent after company officials said the firm was in talks to build a plant in western China to supply global PC leader Hewlett-Packard . [ID:nTP169017] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.51 percent Close on day 4,971.32 2009 intraday high 4,991.59 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] (US$1=T$34.5) (Reporting by Gina Chang, Editing by Jacqueline Wong) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.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
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13 Black Friday.

Have a nice weekend!

twn dlr 0313

17:07 13Mar09 RTRS-Taiwan dollar off 3-wk closing high on c.bank moves * U.S. dollar buying by central bank pares gains * Foreign fund inflows provided support * Dealers expect Taiwan dollar to be roughly flat next week (Updates with closing values) TAIPEI, March 13 (Reuters) - The Taiwan dollar pulled back on Friday from a three-week closing high in the previous session as the central bank capped gains caused by foreign fund inflows into the rising stock market. The Taiwan dollar rose to a high of T$34.388 in morning trade, but later reversed course to close the session at T$34.495, little changed from Thursday's close of T$34.494. Volume on the main Taipei Forex Inc exchange was moderate at $1.032 billion, higher than the $851 million recorded the previous day. "The central bank was limiting any potential gains from foreign fund inflows," said a dealer in Taipei. "The South Korean won and the Singapore dollar also went in different directions today, so there wasn't a clear direction." South Korea's won rose against the U.S. dollar on Friday on hopes that the U.S. economy and ailing banking sector may be stabilising, while the Singapore dollar dropped amid fear of central bank intervention. [nSP438279] Fund inflows fuelled most of the day's gains in the Taiwan dollar, with foreign funds buying a net total of T$11.43 billion ($331 million) worth of shares, pushing Taiwan's main share index <.TWII> 3 percent higher. However, U.S. dollar buying by the central bank kept those gains in check. The central bank keeps the Taiwan dollar in a managed float and sometimes intervenes to taper any massive swings in the local currency. Dealers said they expect the Taiwan dollar to remain flat next week, trading at around T$34.5. "Unless the South Korean won continues to climb like it did today, there shouldn't be too many surprises and things should remain flat next week," said another dealer. On the smaller Cosmos exchange , the Taiwan dollar closed at T$34.475, stronger than Thursday's close of T$34.486. (Reporting by Kelvin Soh; Editing by Kim Coghill) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [D] [Z] [RNP] [DNP] [PTD] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Friday, 13 March 2009 17:07:39RTRS [nTP197135] {EN}ENDS

twn stock 0313

14:39 13Mar09 RTRS-Taiwan stocks hit 4-mth closing high; AU jumps * Key index hits 4-mth closing high, boosted by global gains * AU limit-up 7 pct on report of rising utilisation rate * Tourism issues rally on China Premier's comments * Turnover at highest level in 7 months (Adds details and quote) By Gina Chang TAIPEI, March 13 (Reuters) - Taiwan stocks rose 3 percent on Friday to a four-month closing high on a strong rise in global markets, with AU <2409.tw> jumping after a report the LCD maker's capacity utilisation rate could increase by the second quarter. The tourism sub-index <.THOI> jumped 6.3 percent after China's Premier Wen Jiabao said he wanted to visit Taiwan. [ID:nPEK148770] Shares of AU Optronics, Taiwan's top flat panel maker, jumped by their 7 percent daily limit after a local newspaper reported the firm's capacity utilisation rate could rise to over 90 percent by the second quarter on a slew of rush orders. AU's smaller rival Chi Mei <3009.tw> rose 3.7 percent and the electronics sub-index added 2.9 percent. "China's home electronics subsidies will be a long-term boost for LCD shares. Besides, it's a growing industry. I think LCD stocks have a great chance to keep rising," said Alex Huang, a vice president of Mega International Securities. The main TAIEX share index <.TWII> finished up 142.7 points at 4,897.4, its highest close since Nov. 5. Turnover rose to a seven-month high of T$125.0 billion ($3.6 billion), up from Thursday's T$84.4 billion. Huang expects the market to trade between 4,800-5,100 points next week. The financial sub-index <.TFNI> rose 4 percent, helped by gains in Asian financial stocks. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, gained 4.8 percent. The company said late on Thursday it could raise its investments in equities and real estate to help boost returns. [ID:nTP95006] However, DRAM shares were mixed after a newspaper reported Taiwan Memory Co (TMC) is leaning towards using Elpida's <6665.t> technology and ProMOS' <5387.two> production capability as the company begins to take shape. [ID:nTP148498] Shares of ProMOS lost 6.2 percent, while larger rival Nanya Tech <2408.tw> gained 2.9 percent. Shares of Powerchip <5346.two>, Taiwan's top DRAM maker, rose 5.1 percent after it said it was not expecting significant government help for local DRAM makers, and was in talks with Japan's Elpida on a possible merger or other tie-up. [ID:nTP163036] HOT STOCKS -- Smartphone maker HTC <2498.tw> ended limit-up after a newspaper said the firm would likely launch its new product "HTC Maple" next month. -- The tourism sub-index <.THOI> rose 6.3 percent, buoyed by China Premier Wen Jiabao's comment on Friday. [ID:nPEK148770] Tourism shares also rallied ahead of a record-sized group of 12,000 Amway workers from China scheduled to arrive at Taipei on Monday for a three-day visit. Shares of hotel operators Ambassador Hotel <2704.tw> and Leofoo Development Co <2705.tw> both surged by their daily 7 percent limit. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 3.0 percent Close on day 4,897.39 2009 intraday high 4,923.57 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] (US$1=T$34.5) (Additional reporting by Ralph Jennings; Editing by Anshuman Daga) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.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] [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, 13 March 2009 14:39:54RTRS [nTP151106] {EN}ENDS

twn dlr 0312

16:48 12Mar09 RTRS-Taiwan dollar extends 3-wk high, c.bank curbs rise (Adds details, quotes) TAIPEI, March 12 (Reuters) - The Taiwan dollar rose for a third straight day to a three-week closing high on Thursday on foreign fund inflows, although central bank intervention kept any larger gains in check. The Taiwan dollar rose to an intraday high of T$34.432 in morning trade, but later pared some of those gains to close the session at T$34.494, its strongest close since Feb. 16. That was also stronger than Wednesday's close of T$34.515. Volume on the main Taipei Forex Inc exchange was moderate at $851 million, less than half of Wednesday's active $1.74 billion. "The Taiwan dollar was trading within a very limited range today, and it became quite clear by mid-morning this was roughly the range in which the central bank wanted it to trade within," said a dealer in Taipei. The central bank, which keeps the Taiwan dollar in a managed float, intervened by buying U.S. dollars on Wednesday to temper massive gains in the local currency, and was responsible for half or more of the trading volume on the main exchange, dealers said. [ID:nTP15476] On Thursday, Central Bank Governor Perng Fai-nan said the central bank was ready to enter the market to prevent huge fluctuations in the Taiwan dollar. Foreign fund inflows provided for most of the Taiwan dollar's support, but dealers said they expect this to pare off in the coming days as volumes fall ahead of the Federal Reserve's rate-setting meeting next week. "We're already seeing an increase in the number of bystanders, and this could gradually increase in the coming days when the Fed's meeting draws closer," said another dealer. The Federal Reserve will likely keep interest rates low well into 2010 and possibly longer, a Reuters poll showed last week, even though the recession is seen as likely to end later this year. [ID:nAT004799] On the smaller Cosmos exchange , the Taiwan dollar closed at T$34.486, inching up from Wednesday's close of T$34.495. (Reporting by Kelvin Soh and Yvette Chen; Editing by Ken Wills) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [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 March 2009 16:48:53RTRS [nTP91743] {EN}ENDS