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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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