twn dlr 0430

16:59 30Apr09 RTRS-Taiwan dollar near 4-month high on US economy, China * Taiwan dollar rises 1.3 percent, biggest gain since October * Warming ties between China and Taiwan boost sentiment * Volume of $3.84 billion second highest in market's history (Updates to close) By Ralph Jennings TAIPEI, April 30 (Reuters) - The Taiwan dollar surged to a near four-month high on Thursday as the island's financial markets cheered stonger trade ties with political rival China and evidence that the U.S. economy is recovering. The Taiwan dollar strengthened for a second straight day and closed at T$33.233 to the U.S. dollar, the strongest finish since Jan. 9 and 1.3 percent higher than the previous close of T$33.658, the biggest jump since October. The local currency hit an intraday high of $33.057 before rapidly paring gains in the final minutes of trade due to the central bank's U.S. dollar buying intervention. "It's a mostly because of the step in strengthening relations between China and Taiwan," said Craig Chan, a forex analyst at Nomura Securities in Singapore. "The whole of Asia has rallied, too, so that's some support for the Taiwan dollar." The Taiwan dollar followed the trend of other currencies in Asia. The South Korean won posted its best gain in six months, while the Malaysian ringgit hit a three-week high on optimism that the global slump could be easing. CHINA OPTIMISM Despite Thursday's strong gains, the Taiwan dollar has lost 1.1 percent since the beginning of the year as worries over the global economy weighed on sentiment. Taiwan stocks <.TWII>, tracking markets elsehwere in Asia, climbed 6.74 percent on the U.S. Federal Reserve's comments saying that the U.S. recession appeared to be easing. Two major corporate tie-ups between China and Taiwan further boosted sentiment following weekend negotiations between the two sides on liberalising investment and financial services. Foreign institutions bought a net T$32.99 billion ($997 million) worth of Taiwan stocks on Thursday, the fifth-biggest daily foreign purchase on record, after the share market logged its best gain in 18 years. That brought total net purchases by foreign institutions in the stock market to T$104 billion for April. Volume on the main Taipei Forex Inc exchange was a massive $3.840 billion, the second largest in its history and compared to $959 million on Wednesday. Dealers said exporters were also selling U.S. dollars in the market to meet cash needs at the end of the month, though some were waiting for the Taiwan dollar to fall back so that they can convert into more of the local currency. In the non-deliverable forwards market, six-month NDFs were quoted at -0.890/-0.820, compared with -0.410/-0.360 in the previous session, meaning that the market was expecting the Taiwan dollar to firm by a larger degree in half a year. Taiwan's central bank, which keeps the currency in a managed float, bought U.S. dollars on Thursday to curb the Taiwan dollar's gains, dealers said. Taiwan markets will be closed on Friday for the Labour Day holiday and will resume trade on Monday. On the smaller Cosmos exchange, the Taiwan dollar rose to T$33.060 to the U.S. dollar from the previous close of T$33.650. (Additional reporting by Argin Chang; Editing by Lee Chyen Yee) ((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/
For Related News, Double Click on one of these codes:[M] [T] [D] [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, 30 April 2009 16:59:05RTRS [nTP308461] {EN}ENDS

twn stock 0430/ +33

14:29 30Apr09 RTRS-China deals power Taiwan stocks to best gain in 18 years * Best 1-day gain in 18 yrs on Chinese investment * Far Eastone limit-up on China Mobile bid * TSMC, Asustek limit-up ahead of Q1 earnings * UMC limit-up on plan to acquire Hejian (Adds details and quotes) By Gina Chang TAIPEI, April 30 (Reuters) - Taiwan stocks closed 6.74 percent higher on Thursday, their best one-day percentage rise in over 18 years, with Far Eastone <4904.tw> leading gains after China Mobile <0941.hk> planned to invest in the telecom carrier. The main TAIEX share index <.TWII> finished 378.51 points higher at 5,992.57, tracking gains on Wall Street and other Asian bourses. The day's rise was the market's biggest daily percentage gain since August 1991, according to Taiwan stock exchange data. Turnover was active at T$136.9 billion ($4.1 billion), rising from Wednesday's T$112.5 billion. The market will be closed for the Labour Day holiday on Friday and will resume trade on Monday. Telecoms carrier Far Eastone closed by its daily maximum limit after China Mobile said it would pay a 14 percent premium for a 12 percent stake in the Taiwan company. [nTP279271] "The tie-up is a huge boost to market sentiment because it shows the beginning of a future flow of Chinese investment in local companies," said Alex Huang, a vice president at Mega International Securities. Chinese investors would be allowed to put their money in Taiwan's manufacturing, infrastructure-building and services sectors when rules regulating their investments are implemented in May, local media reported. Hopes that Chinese investors will be able to put money in Taiwan's stock market as soon as next week also boosted the financial sub-index <.TFNI>, which jumped 6.84 percent. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, jumped 6.93 percent limit-up. Another sentiment-lifting deal was news that UMC <2303.tw> , the world's No.2 contract chipmaker, would spend $285 million buying China-based chipmaker Hejian to tap robust demand on the mainland. [ID:nTP130150] The chipmaker jumped limit-up after posting a net loss of T$8.16 billion in January-March. That compared with a record loss of T$23.5 billion in the fourth quarter of 2008 and was worse than analyst estimates for a loss of T$5.78 billion. UMC's larger rival, TSMC <2330.tw> , surged limit-up after Japan's Fujitsu Ltd <6702.t> on Thursday said it was in talks with the chipmaker to outsource system chip production as it searches for ways to revive its struggling semiconductor operations. [ID:nT278321] Minutes before the market close, TSMC announced its weakest quarterly earnings in nearly eight year due to slower demand. [ID:nTPU001336] Shares of netbook pioneer Asustek <2357.tw> went limit-up. The firm posted a 94 percent fall in its first-quarter net profit after the market closed on Thursday. [nTPV001335] The electronics sub-index <.TELI> ended the session 6.75 percent higher while the semiconductor sub-index <.TSII> rose 6.88 percent. The euphoric mood also spread to the foreign exchange market, with the Taiwan dollar <.TWII> rising as much as 1.5 percent to a 2-1/2-week high during trade, largely
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twn stock 0429 / +10

14:35 29Apr09 RTRS-Taiwan stocks bounce from 3-wk low; financials up * Financials gain amid news of potential China investment * Tourism shares down on swine flu fears * UMC up before saying expects to return to profit in Q2 * Acer down ahead of Q1 results By Gina Chang TAIPEI, April 29 (Reuters) - Taiwan stocks rose 0.31 percent on Wednesday as investors snapped up beaten-down financials after recent heavy sell-offs triggered by concerns over swine flu. The main TAIEX share index <.TWII> closed up 17.33 points at 5,614.06, rebounding from a near three-week low the previous session. Turnover was active at T$112.5 billion ($3.3 billion), lower than T$126.9 billion on Thuesday. Sentiment rose on news that China had established rules allowing its companies to invest in Taiwan from May 1, an important step in unleashing potentially vast financial flows across the Taiwan Strait. [nPEK179426] The financial sub-index <.TFNI> was up 1.23 percent following a 7 percent drop over the past two days. Cathay Financial <2882.tw>, the island's largest listed financial holding firm, ended 0.29 percent higher. Bank of China <601988.ss> <3988.hk> has said it expects to be the first mainland bank to enter the Taiwan market. "Investors are snapping some shares that dropped a lot in the past two days. But the downward trend could resume if fears over the swine flu break grow," said Wang Kao-hsiung, a vice president of KGI Securities. China Airlines <2610.tw> rose 6.3 percent, following a 13 percent drop over the previous two sessions, while EVA Airways <2618.tw> rose 2.22 percent. The transportation sub-index <.TTPI> rose 1.08 percent, recouping some losses early in the session. But the tourism sub-index <.THOI> continued to decline on flu worries, closing the session 3.67 percent lower. Hotel chain operator Leofoo Development <2705.tw> was down 6.12 percent. Investors were also watching closely first-quarter results of a batch of major tech firms, including UMC <2303.tw>, Acer <2353.tw>, Quanta <2382.tw> and Compal <2324.tw>. Shares of UMC , the world's No.2 contract chip maker, were up 3.57 percent before saying that it expected to return to profit in the second quarter. [nTPU001332] PC vendor Acer fell 0.17 percent. After the market close, the firm said its net profit fell 31.4 percent, missing market expectations. [nTPV001329] Chip designer Mediatek <2454.tw> fell 1.83 percent. The firm posted a better-than-expected net profit in the first quarter after market close. [nTPV001330] Shares of Quanta, the world's top contract notebook PC maker, declined 0.57 percent while crosstown rival Compal gained 1.15 percent. UMC's larger rival TSMC <2330.tw> rose 1.18 percent after a newspaper said it had revised its forecast for the global semiconductor industry this year to a 20 percent decline from a 30 percent slide previously, largely due to orders from China. TSMC will announce its first-quarter earnings after the market close on Thursday. HOT STOCKS -- Chi Mei <3009.tw>, Taiwan's No.2 LCD maker, fell 5.23 percent after posting a third straight quarter of loss for the first three months this year, and forecast a rise in shipments and panel prices in the second quarter amid recovering demand. [ID:nTP69732] -- Shin Kong Financial <2888.tw> rose 1.01 percent after saying late on Tuesday it plans to raise funds through a private placement and rights issue that will not exceed 2 billion shares to boost working capital and improve its financial structure. [ID:nTP125589] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.31 percent Close on day 5,614.06 2009 intraday high 6,071.06 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$33.7) (Reporting by Gina Chang) ((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
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twn stock /dlr 33.795 / 825 / +5.6

14:29 28Apr09 RTRS-Taiwan stocks hit 3-wk low as flu fears weigh * Market falls to 3-week closing low * Tourism, airline shares down on swine flu fears * Pharmaceutical shares up on potential business from flu * Want Want China's Taiwan debut gets strong response (Adds details and quotes) By Gina Chang TAIPEI, April 28 (Reuters) - Taiwan stocks fell 1.9 percent in volatile trade on Tuesday to a near three-week closing low, as uncertainty over the outbreak of swine flu triggered a heavy sell-off in tourism and airline shares. The main TAIEX share index <.TWII> finished down 108.32 points at 5,596.73, its weakest close since April 9 and extending a 3 percent fall in the previous session. Turnover was active at T$127 billion ($3.8 billion), but lower than Monday's T$136.8 billion. The tourism sub-index <.THOI> was the major loser, shedding 5.23 percent after the World Health Organisation raised its pandemic alert level over the swine flu virus. Hotel chain operators Leofoo Development <2705.tw> and Ambassador Hotel <2704.tw> both shed more than 6 percent. The broader transportation sub-index <.TTPI> also slid 5.19 percent, with China Airlines <2610.tw> and EVA Airways <2618.tw> both down by their 7 percent daily limit. "Trading has been quite volatile today due to the swine flu outbreak. Uncertainty over the flu is weighing on investor sentiment," said Andrew Deng, a vice president of Taiwan International Securities. "Tourism and transportation shares have already gained a lot from the positive effect of the cross-Strait negotiations. The outbreak of swine flu acted as a catalyst for their pull-back." On Sunday, Taiwan and China signed a series of landmark agreements on setting up a regulatory framework for financial services and opening up scheduled flights to each other. However, pharmaceutical and biotech shares received a boost from potential business stemming from the flu outbreak. Shares of Standard Chemical and Pharmaceutical <1720.tw> and Medtecs International <9103.tw> both jumped 7 percent limit-up. Analysts said worries over the swine flu outbreak would continue to weigh on the market, causing it to trade in a tight range in the next two to three weeks. Market sentiment was further pressured after a Wall Street Journal report said the U.S. Federal Reserve was pushing two major U.S. banks to raise more capital. Taiwan's financial sub-index <.TFNI> dropped 1.46 percent, erasing gains early in the session. The electronics sub-index <.TELI> fell 1.24 percent, with Chi Mei <3009.tw>, Taiwan's No.2 flat panel maker, down 6.61 percent ahead of its first-quarter earnings later Tuesday. HOT STOCKS -- Food and beverage company Want Want China's <0151.hk> Taiwan listing received an enthusiastic response from investors. The stock <9151.tw> was limit up on its trading debut, rising by T$1.05 per share to T$16.10. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -1.9 percent Close on day 5,596.73 2009 intraday high 6,071.06 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 Chris Lewis) ((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
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twn stock 0427

14:17 27Apr09 RTRS-Taiwan stocks at 2-wk low amid swine flu concerns * Market hits weakest finish in 2 wks, swine flu fears weigh * Financial, tourism shares down despite China deal * TSMC flat ahead of Q1 earnings (Adds details and quotes) TAIPEI, April 27 (Reuters) - Taiwan stocks fell 3 percent on Monday to a two-week closing low, as swine flu fears triggered widespread selling and investors sold high-flying financial shares after a landmark financial services deal with China. The main TAIEX <.TWII> share index ended 175.72 points lower at 5,705.05, its weakest close since April 9 and its biggest one-day percentage drop in a week. Turnover was active at T$136.8 billion ($4.1 billion), but lower than Friday's T$144.5 billion before major tech companies report their quarterly earnings later this week. The financial sub-index <.TFNI> led the decline with a 5.28 percent drop, erasing a more than 25 percent rise since the beginning of March. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, fell 5.61 percent. The fall came a day after Taiwan and China signed a series of landmark agreements laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades. [ID:nTP347498] "There's heavy profit-taking from a recent rally over the cross-Strait talks," said Eddy Chen, a vice president of National Investment Trust. "The swine flu outbreak and companies' earnings due out this week also caused the market's fall today." The death toll from swine flu in Mexico has risen to 103, with fears of a global pandemic mounting after infections were reported in the United States and Canada on Sunday. [ID:nN26482522] Taiwan's health department has strengthened quarantine inspections for travellers from the United States and Mexico, local media reported on Monday. Other major losers included the tourism sub-index <.THOI> and the transportation sub-index <.TTPI>, which slid 6.18 percent and 5.75 percent, respectively. TSMC <2330.tw> , the world's largest contract chipmaker, ended flat ahead of its first-quarter earnings and guidance on Thursday. The semiconductor sub-index <.TSII> fell 1.76 percent and the electronics sub-index <.TELI> was down 2.59 percent. "Funds have been flowing back to tech shares partly because earnings results of local firms have not disappointed investors so far," said Wang Kao-hsiung, a vice president of KGI Securities. "The broader market will be pressured in the short term before major tech companies announce earnings throughout this week," said Wang, who expected the TAIEX to trade between 5,750-6,050 points this week. ProMOS <5387.two>, Taiwan's third-biggest DRAM chip maker, fell 4 percent, giving up early gains. A source late on Friday said the company would get a T$2.98 billion loan from a banking consortium on Monday. [ID:nTP325315] AU Optronics <2409.tw>, the world's third-biggest LCD maker, declined 5.43 percent after late on Friday saying its board was planning a T$0.30-per-share cash dividend and a 0.3 percent stock dividend on its 2008 earnings. [ID:nTP325831] HOT STOCKS -- Chunghwa Telecom <2412.tw> was down 1.68 percent after a newspaper said the company would cut its capital by 10-15 percent, or about T$1 per share, lower than market expectations. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -2.99 percent Close on day 5,705.05 2009 intraday high 6,071.06 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$33.7) (Reporting by Gina Chang; Editing by Chris Lewis) ((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:[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> Monday, 27 April 2009 14:17:22RTRS [nTP353699] {EN}ENDS

tw dlr 0424/ 33.711 / 798/ +1.6

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twn stock 0424

14:16 24Apr09 RTRS-Taiwan stocks close higher, financial shares lead * Financial shares lead mkt higher before cross-Strait talks * AU falls despite upbeat outlook * DRAM mixed amid Samsung Electronics' comment (Adds details and quotes) TAIPEI, April 24 (Reuters) - Taiwan stocks inched up 0.09 percent on Friday, with financial shares such as Cathay Financial <2882.tw> rising ahead of cross-Strait talks on Taiwan and China opening their financial sectors. The main TAIEX share index <.TWII> closed up 5.53 points at 5,880.77, but gave up much of its early gains as investors locked in profits. Turnover was active at T$144.5 billion ($4.3 billion), rising from Thursday's T$130.7 billion. Financial shares rose as a third round of negotiations between Taiwan and China is set to take place on Saturday, which will include talks on opening up financial sectors to each other and expanding direct flights. "The cross-Strait meeting propped up financial shares today. But since most details of the talks were disclosed, the boost is wearing off," said Alex Huang, a vice president of Mega International Securities. The banking and insurance sub-index <.TFNI> advanced 1.11 percent, extending a more than 18 percent rise so far this month. Cathay Financial, Taiwan's top listed financial holding firm, rose 1.53 percent, but Chinatrust Financial <2891.tw>, the island's largest credit card issuer, ended 0.33 percent lower. Investors are also expecting more Chinese funds to flow into the stock market as Taiwan will likely relax rules on investment from China after the cross-Strait talks. On Tuesday, a local newspaper said Taiwan planned to let Chinese investors indirectly buy up to 30 percent of Taiwanese companies in the latest sign of improving ties across the Taiwan Strait. [ID:nTP94629] However, investors were seen taking profits from a 2 percent rise early in the session, analysts said. The electronics sub-index <.TELI> surrendered early rises to close 0.18 percent lower. AU Optronics Corp <2409.tw>, the world's No.3 LCD maker, fell 0.71 percent, taking a breather after gaining over 24 percent so far this month. "AU shares have risen a lot, and failed to get a boost from the company's results yesterday since the figures were in line with expectations," said Huang. "Investors were also disappointed as AU didn't give a time on when it will finally swing to profit." After the market closed on Thursday, the flat panel maker forecast a rise in shipments and prices this quarter after reporting its second straight quarterly net loss due to weak demand. [ID:nTP38557] DRAM makers were mixed after the world's top DRAM maker, South Korea's Samsung Electronics <005930.ks>, said it was premature to expect a near-term demand recovery for the overall market. [ID:nSEO297517] Sentiment was further damped after local media said John Hsuan, a sector veteran overseeing government-supported DRAM company Taiwan Memory Co, was considering resigning. Powerchip <5346.two> and Nanya Tech <2408.tw>, the island's top two DRAM companies, fell 2.22 percent and 6.15 percent, respectively. But ProMOS <5387.two> was up by its 7 percent daily limit. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.09 percent Close on day 5,880.77 2009 intraday high 6,071.06 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$33.7) (Reporting by Gina Chang; Editing by Chris Lewis) ((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
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tw dlr 0423 / 33.82 /522/ -0.7

twn stock 0422

14:32 23Apr09 RTRS-Taiwan stocks off 1-wk high, financials weigh * Market snaps 3-session winning streak, financials lead * AU rises before announcing Q1 loss * TSMC led tech shares higher on Apple's solid Q1 profit (Adds details and quotes) By Gina Chang TAIPEI, April 23 (Reuters) - Taiwan stocks fell 0.18 percent on Thursday, ending a three-day winning streak, as Wall Street losses reignited concerns over the world financial system, sending financial shares such as Cathay Financial <2882.tw> lower. The main TAIEX share index <.TWII> closed down 10.87 points at 5,875.24, retreating from a one-week closing high in the previous session. Turnover was active at T$130 billion ($3.8 billion), lower than Wednesday's T$135.5 billion. The financial sub-index <.TFNI> lost 1.95 percent, leading the day's decline and erasing a more than 31 percent rally since the beginning of March. Cathay Financial, the island's top listed financial holding firm and the second-most active share by turnover, slid 2.7 percent. "Financial shares might get a short-term boost when the MOU is signed, but will probably continue their pull-back after the recent rally," said Tu Jin-lung, chairman of Grand Cathay Investment Services. Top negotiators from Taiwan and China are set to meet on Saturday for a third round of talks that will pave the way for the signing of a memorandum of understanding (MOU) between the two sides in the near future. Sean Chen, chairman of the Financial Supervisory Commission, cautioned investors against expecting too much from the potential signing of the MOU because the agreement would mark only the first step of closer cooperation between the two sides, local media reported on Thursday. Market sentiment was also pressured by a 3 percent slide in China stocks on Wednesday and media reports that the IMF forecast Taiwan's gross domestic product to fall by 7.5 percent this year. "The sharp fall in China stocks yesterday weighed on local stocks today," said Eddy Chen, a vice president at National Investment Trust Co. "The market will be pressured in the short term as investors watch closely quarterly results by local companies." However, technology shares tapered the fall after Apple posted stronger-than-expected quarterly results. The electronic sub-index <.TELI> rose 0.43 percent while the semiconductor sub-index <.TSII> climbed 0.81 percent. TSMC <2330.tw> , the world's top contract chip maker, jumped 1.18 percent. LCD shares rose after a newspaper said flat panel prices would likely rise sharply in May. Shares of AU <2409.tw> and Chi Mei <3009.tw>, Taiwan's top two LCD makers, rose 2.47 percent and 3.24 percent, respectively. Minutes after the closing bell, AU Optronics reported its second quarterly loss in the first quarter. [nTPU001312] DRAM shares continued their rally on rising chip prices. Powerchip <5346.two>, Taiwan's No.1 DRAM maker, and smaller rivals Nanya Tech <2408.tw> and ProMOS <5387.two> all
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Twn dlr / 666/ -0.15

16:52 22Apr09 RTRS-Taiwan dlr flat as exporter deals offset by outflows * Taiwan dollar ends flat in thin trade * Dealers expect currency to remain rangebound (Updates closing values) TAIPEI, April 22 (Reuters) - The Taiwan dollar closed flat on Wednesday, ending a six-session losing streak, supported by exporter deals and the U.S. dollar's fading appeal as a safe haven, but pressured by foreign fund outflows. The Taiwan dollar moved in and out positive territory for most of the session, trading for between T$34.000 and T$33.800. The Taiwan dollar closed at T$33.860, unchanged from Tuesday's finish. Volume on the main Taipei Forex Inc exchange was thin at $666 million, lower than the $753 million recorded on Tuesday. "Exporters are coming in right now because most of them see the current levels as attractive, and they're usually more active near the end of the month," said a dealer. Exporter deals were however offset by foreign fund outflows, with a net total of T$153 million worth of shares sold on Wednesday. The fading appeal of the U.S. dollar as a safe haven was further exacerbated when Taiwan stocks <.TWII> staged a turnaround to end the session slightly higher, its third straight session of gains. Dealers said they expect the Taiwan dollar to remain rangebound for the rest of the week, as many investors stayed on the sidelines waiting for a clearer direction before plunging into the market. "There probably won't be any large fluctuations this week," said another dealer. "Everyone is staying out, and if there're any large changes, there's always the central bank who'll step in." The central bank manages the Taiwan dollar in a controlled float, and sometimes steps into the foreign exchange market to pare losses it deems excessive. On the smaller Cosmos exchange, the Taiwan dollar closed at T$33.850, slightly stronger than Tuesday's close of T$33.860. (Reporting by Kelvin Soh and Argin Chang) ((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, 22 April 2009 16:52:00RTRS [nTP147829] {EN}ENDS

tw stock 0422

14:11 22Apr09 RTRS-Hotels, DRAMs push Taiwan stocks to 1-wk high * Market up for third straight session * Tourism shares gain on loosened Chinese tourist quota * DRAM makers limit up on rising product prices * Acer shares rises on upbeat smartphone sales target (Adds details and quotes) TAIPEI, April 22 (Reuters) - Taiwan stocks inched up 0.08 percent on Wednesday to a one-week closing high, with tourism shares such as Formosa Hotel <2707.tw> rising after the island raised its permit quota for visitors from China. The main TAIEX share index <.TWII> ended up 4.70 points at 5,886.11, its highest finish since April 16 and a third session of gains. Turnover was active at T$135.5 billion ($4.0 billion), rising from Tuesday's T$122.4 billion. The tourism sub-index <.THOI> rose 2.87 percent after Taiwan late on Tuesday raised its Chinese tourist permit quota from 3,000 per day to 7,200 through May 1. [ID:nTP49527] Hotel chain operators Formosa International Hotels and Leofoo Development Co <2705.tw> climbed 2.93 percent and 3.88 percent, respectively. "Current ties with China will continue to be favourable for tourism shares," said Robert Hsieh, a vice president at Shin Kong Investment Trust." Top negotiators from Taiwan and China are set on Saturday to meet for a third round of summit for talks on opening up financial sectors on both sides and expanding direct flights. "Though the positive factors from the meeting have mostly been factored in the broader market, we can still expect some boost when the meeting actually takes place later this week," said Hsieh. The food sub-index <.TFII> advanced 3.82 percent, buoyed by a newspaper report that food and beverage company Master Kong, an unlisted unit of Tingyi Group <0322.hk>, posted a record net profit of $362 million last year. Wei-chuan Foods <1201.tw>, a major Taiwan food and beverage maker, jumped by its 7-percent daily limit. Adding further optimism, Hong Kong-listed Want Want China <0151.hk>, a China-based food and beverage unit of Taiwan's Want Want Group, said on Tuesday it priced its offering of Taiwan Depositary Receipts (TDRs) at the high end of their range. [ID:nTP38265] However, financial shares weighed on the market as investors continued to book profits from a rally of over 34 percent since the beginning of March. The financial sub-index <.TFNI> fell 0.95 percent while Cathay Financial <2882.tw>, Taiwan's largest listed financial holding firm, ended the session 2.12 percent lower. In the tech sector, DRAM shares led the climb on rising spot prices. DRAM companies have been cutting production since last year to cope with oversupply as demand fell amid the downturn. Shares of Powerchip <5346.two>, the island's biggest DRAM firm, jumped by their 7 percent daily limit. Nanya Tech <2408.tw> and ProMOS <5387.tw> also finished limit-up. On Wednesday, larger Japanese rival Elpida Memory <6665.t> said it plans to hike memory prices about 50 percent next month after output cuts eased oversupply. [ID:nT338964] Shares of Acer Inc <2353.tw>, the world's third-largest computer maker, rose 2.18 percent after saying it plans to sell more than a million smartphones in 2010 and aims to take a 6-7 percent share of the market in three years. [nTP38556] AU Optronics <2409.tw>, Taiwan's No.1 LCD maker, ended 1.71 percent lower ahead of announcing its first-quarter earnings on Thursday. Investors will also focus on the island's March unemployment rate due out later in the day. Some local media said the rate could exceed 6 percent to a record level. HOT STOCKS -- China Airlines <2610.tw> fell 3.16 percent after a newspaper cited a senior airline executive as saying the company would not cut ticket prices on its cross-strait flights even if the number of flights doubled. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.08 percent Close on day 5,886.11 2009 intraday high 6,071.06 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) (Reporting by Gina Chang) ((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]
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twn dlr 0421 / 33.86 / 753/ -6.2

16:30 21Apr09 RTRS-Taiwan dlr at near 2-wk closing low on fund outflows * Taiwan dollar down for 6th straight session on outflows * Exporter deals support local currency * Global strength of U.S. dollar pressures Taiwan dollar (Updates closing values) TAIPEI, April 21 (Reuters) - The Taiwan dollar fell for a sixth straight session on Tuesday to a near 2-week closing low, pressured by foreign fund outflows and the global strength of the U.S. dollar, but exporter deals provided some support. The Taiwan dollar fell to an intraday low of T$34.000 moments after the opening, but pared some of those losses to close the session at T$33.860, its weakest close since April 8. It was also weaker than Monday's close of T$33.830. Volume on the main Taipei Forex Inc exchange was thin at $753 million, lower than Monday's $798 million, but off the billion dollar mark typically seen on most trading days. "Foreign funds were net sellers of Taiwan stocks today, so there were some outflows there," said a trader in Taipei. "However, exporters are finding the current low levels very attractive, so that's giving it some support." Foreign funds sold a net T$6.17 billion ($180 million) in Taiwan stocks on Tuesday Weakness in regional currencies and the global strength of the U.S. dollar also led the Taiwan dollar. The local currency, which usually tracks trends in Taiwan stocks, defied the local equities market's <.TWII> 1.73 percent advance on Tuesday. "One of the main reasons for the Taiwan dollar's fall in the past few days has been because of the greenback's global strength," said another dealer. "People are wondering if the current rally in the stock market is sustainable, and the fear is growing, so we're seeing more investors beginning to park their money in U.S. dollars." On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.860, weaker than the previous day's close of T$33.825. (Reporting by Kelvin Soh and Jeanny Kao, 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)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [D] [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: Tuesday, 21 April 2009 16:30:26RTRS [nTP46033] {EN}ENDS

tw stock 0421

14:11 21Apr09 RTRS-Tourisms and properties send Taiwan stocks higher * Market recoups losses as tourism, property issues jump * AU, Chi Mei rise on report of rising product prices * Giant gains on bullish shipment, output prospect (Adds details and quotes) TAIPEI, April 21 (Reuters) - Taiwan stocks changed course to finish 1.73 percent higher on Tuesday, as tourism and property shares rose on hopes of closer ties with China. The main TAIEX share index <.TWII> dropped 2 percent at the open and rebounded around midday. It closed up 99.75 points at 5,881.41, shrugging off sharp declines on Wall Street and across other Asia bourses. Turnover was active at T$122.4 billion ($3.6 billion), slightly higher than T$121.5 billion a day earlier. "A continuing flow of Chinese tourists helped push tourism shares up. Expectations of more Chinese investment also contributed to gains in shares like property issues," said Michael On, a managing director of Beyond Asset Management. The tourism sub-index <.THOI> finished the session 3.73 percent higher. On Monday, media cited the tourism bureau as saying the restriction on the daily number of Chinese tourists to the island might need to be loosened. Shares of hotel operator Leofoo Development Co <2705.tw> jumped by their 7 percent daily limit and rival Ambassador Hotel <2704.tw> gained 4.56 percent. The construction sub-index <.TCOI>, the day's top advancer of all sub-indexes, jumped 5.69 percent, with Cathay Real Estate <2501.tw>, Taiwan's leading real estate developer, ending limit-up. The TAIEX has outperformed most other global markets so far this year as investors bet that warmer ties with China could help companies weather the current downturn. On Saturday, top negotiators from Taiwan and China will meet for a third round of talks on issues including opening up the financial sectors to each other. The banking and insurance sub-index <.TFNI> erased early losses to finish 1.23 percent higher. Cathay Financial <2882.tw>, Taiwan's top-listed financial holding firm, rose 2.72 percent. However, many analysts said the cross-Strait negotiations later this week will provide little boost to financial shares as their recent rally has mostly priced them in. Financial shares have gained 35 percent since the beginning of March, outpacing a 29 percent rise on the broader market. In the tech sector, LCD makers led the gains after a local newspaper cited data tracking firm WitsView as saying flat panel prices could continue rising in May due to increasing demand from China. AU <2409.tw>, the island's largest LCD maker, rose 4.95 percent and crosstown rival Chi Mei <3009.tw> was limit-up. AU is scheduled to report its first-quarter earnings on Thursday while Chi Mei will announce its earnings next Tuesday. HOT STOCKS -- Chunghwa Telecom <2412.tw>, the island's largest telecom company, fell 0.16 percent after a local newspaper said the firm could cut its capital by about 20 percent after its board meets on April 28, in a bid to improve shareholder returns. -- The steel and iron sub-index <.TSTI> rose 3.51 percent after a newspaper said China Steel <2002.tw>, the island's top steelmaker, will cut production by as much as 30 percent. Shares of China Steel were up 3.76 percent. -- Giant Manufacturing <9921.tw>, the world's No.1 bicycle maker, rose 1.34 percent after saying it is targeting 10 percent shipment growth this year and expects its global output to reach 10 million units after 2014. [nTP39613] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.73 percent Close on day 5,881.41 2009 intraday high 6,071.06 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$33.9) (Reporting by Gina Chang; Editing by Nick Macfie) ((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
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TWN DLR / 33.83 / 798 / +3.4

17:09 20Apr09 RTRS-Taiwan dlr slips for 5th session on US$ short-covering * Taiwan dollar slips for fifth consecutive session * Received support from exporter deals and fund inflows * Dealers say volumes could be low ahead of earnings season (Updates closing values) TAIPEI, April 20 (Reuters) - The Taiwan dollar closed weaker for a fifth straight session on Monday as investors tried to cover their short U.S. dollar positions, but the local dollar was supported by exporter deals and some foreign fund inflows. The Taiwan dollar fell in and out of positive territory for most of the session, trading between T$33.754 and T$33.955, before ending at T$33.830, weaker than Friday's close of T$33.816. Volume on the main Taipei Forex Inc exchange was thin at $798 million. This was higher than $679 million on Friday, but off the billion dollar mark seen on most trading days. "The Taiwan dollar was quite volatile today, as some investors were trying to cover their short positions on the U.S. dollar," said a dealer in Taipei. "However, there are still some foreign fund inflows and exporters started buying at around T$33.900, so that all provided some support." Exporters generally prefer a weaker Taiwan dollar as it allows them to get more of the local currency for every U.S. dollar they hold. Dealers cautioned that trade could continue to be volatile amid low trading volumes for most of the week, ahead of earnings results in the United States this week. "There are probably some investors who're staying on the sidelines right now," said another dealer. "Things aren't too clear until companies release their results, and when volumes are low, things can change more easily." On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.825, weaker than Friday's close of T$33.805. (Reporting by Kelvin Soh and Jeanny Kao; Editing by Chris Lewis ((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: Monday, 20 April 2009 17:09:12RTRS [nTP364720] {EN}ENDS

twn stock 0420

14:09 20Apr09 RTRS-Taiwan stocks close higher as financial shares rise * Market recoups early losses as financials up on China hopes * Deutsche Bank lifts earnings forecast on TSMC * Tourisms up on expectations of more Chinese tourists (Adds details and quote) TAIPEI, April 20 (Reuters) - Taiwan stocks rose 0.46 percent on Monday, rebounding from a sharp fall the previous session, as financials including Cathay Financial rose ahead of Taiwan-China government talks on opening up cross-strait financial services. The main TAIEX share index <.TWII> ended up 26.28 points at 5,781.66. Turnover was active at T$121.5 ($3.6 billion), but lower than a one-year high of T$223.7 billion on Friday when the market slid more than 4 percent due to profit-taking. "The market still has a chance to rise further since foreign institutions did not contribute to Friday's pull-back and were still buying local shares," said Bevan Yeh, a senior fund manager of Prudential Financail Securities Investment Trust. "The signing of a memorandum of understanding (MOU) for the financial sector and a better Q2 outlook in the tech sector are the key factors that could help push the market higher." On Friday, foreign institutions bought a net T$10 billion worth of Taiwan stocks, bringing their net purchase to T$52 billion so far this month. (For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358]) The banking and insurance sub-index <.TFNI> rose 0.67 percent, recouping early losses and following a 6 percent decline the previous session. Cathay Financial <2882.tw>, the island's top listed financial holding firm, jumped 3.08 percent while Chinatrust Financial <2891.tw>, Taiwan's biggest credit card issuer, gained 2.28 percent. Taiwan and China will sign a deal on financial services and expand direct flights at talks next week, officials said on Saturday. [ID:nTP178921] However, analysts said financial shares would likely take a breather after the signing of a financial supervision agreement with China as the news has mostly been priced in. Financial shares have risen 34 percent since the beginning of March on expectations of the signing of the agreement. In the tech sector, TSMC <2330.tw> , the world's No.1 contract chip maker, rose 2.98 percent, pushing the electronics sub-index <.TELI> 1.2 percent higher. On Monday, Deutsche Bank sharply raised its 2009 earnings forecast on the chipmaker due to a bullish sales outlook in the longer term. [nTP341116] Hon Hai <2317.tw>, Taiwan's leading electronics gear maker, rose 2.34 percent, extending gains over the previous two sessions on a bullish revenue outlook this year. Netbook PC pioneer Asustek <2357.tw> climbed 0.24 percent after saying it would use a Linux-based operating system in one of its first two smartphones, a boost for the system's developer. [ID:nTP316410] However, shares of Nanya Technology <2408.tw>, Taiwan's No.2 DRAM maker, fell by their 7 percent daily limit. Late on Friday, the company said it would cut its capital by 66.43 percent to improve its financial structure as it grapples with losses amid oversupply and falling demand. [ID:nTP253097] HOT STOCKS -- The tourism sub-index <.THOI>, the day's biggest winner, jumped 2.82 percent. Local media cited the tourism bureau as saying the restriction on the daily number of mainland Chinese tourists to Taiwan might need to be loosened after a group was sent back due to slow government approval processes. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.46 percent Close on day 5,781.66 2009 intraday high 6,071.06 2009 intraday low
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twn stock 0417 /33.861/ 679 / -10.4

14:20 17Apr09 RTRS-Taiwan stocks mark biggest daily decline in 3 mths
* Market changes course to finish lower on profit-taking
* Financial and steel stocks lead the decline
* UMC rises on better outlook
* Hon Hai up after giving upbeat sales target
* Market turnover highest in one year

(Adds details and quote)
By Gina Chang
TAIPEI, April 17 (Reuters) - Taiwan stocks closed down 4.03
percent on Friday in active trade, their biggest one-day decline
in three months, as investors locked in profits after a recent
rally that pushed the market to a seven-month high.
Top drags included financial shares, which had risen sharply
in recent weeks as investors bet the potential signing of a
financial supervision agreement with China later this year would
improve business.
The main TAIEX share index <.TWII> finished down 241.79
points at 5,755.38, giving up early gains to post its weakest
close this week, during which the index ended 0.5 percent lower.
The day's fall was the largest percentage drop since Jan. 15.
Turnover was hefty at a one-year high of T$223.7 billion
($6.6 billion), sharply higher than Thursday's T$173 billion.
"The market has risen a lot. Besides, there was increasing
pressure after the market reached the 6,000-point level (on
Thursday and Friday)," said John Chiu, vice president of Fuh-Hwa
Securities Investment Trust.
The banking and insurance sub-index <.TFNI> lost 5.93
percent, with Cathay Financial <2882.TW>, the island's
largest-listed financial holding firm, down 6.05 percent.
Shares of Shin Kong Financial <2888.TW> fell by their 7
percent daily limit as its unit, Shin Kong Life, was fined by
Taiwan regulators after the company used inappropriate means to
sell its products. [ID:nTP5319]
Financial shares have risen 32 percent since the beginning of
March, outpacing a 25 percent rise on the broader market.
The day's biggest loser was the steel and iron sub-index
<.TSTI>, which shed 6.92 percent after a 10 percent rise over the
previous four sessions.
Some analysts said the market would trade in a tight range in
the short term, but expected it to resume an upward trend with
closer trade ties with China.
However, some tech giants held on to their gains during the
session on an improving sector outlook.
UMC <2303.TW> , the world's No.2 contract chipmaker,
rose 3.77 percent, partly because investors expected the company
to gradually recover from the first quarter. [nTP52559]
Hon Hai <2317.TW>, Taiwan's top electronics parts maker,
edged up 0.45 percent after saying it was targeting a 30 percent
rise in sales this year, better than analyst expectations, as it
bets on growth of some new electronics products. [nTP310907]
Nanya Tech <2408.TW>, Taiwan's No.2 DRAM maker, gave up early
gains to finish down 6.49 percent.
On Thursday, the company said it had talked to clients to
raise the contract price of its chips by 10 percent later this
month. [ID:nTP253476]
The semiconductor sub-index <.TSII> fell 2.34 percent while
the electronics sub-index <.TELI> shed 3.33 percent.
--------------------TAIEX IN PERSPECTIVE--------------------
Move on day -4.03 percent
Close on day 5,755.38
2009 intraday high 6,071.06
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)
((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


[Story not fully loaded, incomplete text]

4/16

14:05 16Apr09 RTRS-Taiwan stocks end at 7-mth high, financials lead * Financial shares jump on hopes of closer ties with China * Hon Hai gains after targeting 30 pct sales growth in 2009 * China S17:07 16Apr09 RTRS-Taiwan dollar weakens on foreign fund outflows
* Taiwan dollar reverses gains to end weaker on fund outflows
* Dealers say central bank still wants a weak Taiwan dollar

(Updates closing values)
TAIPEI, April 16 (Reuters) - The Taiwan dollar reversed early gains to close weaker on Thursday as foreign funds bought U.S. dollars after taking in profits from the stock market's rally, and was further pressured by the greenback's global strength.
The Taiwan dollar rose to a high of T$33.681, but later gave up those gains to close the session at T$33.800, weaker than Wednesday's close of T$33.790.
Volume on the main Taipei Forex Inc exchange was moderate at $1.1 billion, slightly higher than $1.02 billion in the previous session.
"Foreign funds were buying Taiwan dollars in the morning, but some of them started buying U.S. dollars instead, so that's why the local currency gave up so much of its gains," said a dealer in Taipei.
Taiwan stocks <.TWII> rose 2.08 percent to a seven-month closing high on Thursday.
A similar trend was seen on the offshore non-deliverable forwards (NDF) market. Six-month NDFs were quoted at -0.360/-0.310 compared to the morning's -0.430/-0.370, indicating the market expects the Taiwan dollar to strengthen by a lesser extent in half a year than previously expected.
Some dealers also cautioned that the central bank, which keeps the Taiwan dollar in a managed float and interferes in foreign exchange trading when it feels fluctuations are excessive, still wants a weaker local currency.
"The recent appreciation of the Taiwan dollar was driven by capital. But the central bank would still prefer a weaker currency for exports," said Renee Chen, an economist at Nomura Securities in Hong Kong.
On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.800, weaker than Wednesday's close of T$33.785.
(Reporting by Kelvin Soh, Yvette Chen and Ralph Jennings; Editing by Ken Wills)
((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:
Thursday, 16 April 2009 17:07:37RTRS [nTP181450] {EN}ENDSteel rises on tie-up talks with Chinese rivals * Market turnover at highest since May 2008 (Adds details and quotes) By Gina Chang TAIPEI, April 16 (Reuters) - Taiwan stocks rose 2.08 percent on Thursday to a seven-month closing high, as financial shares such as Cathay Financial <2882.tw> rallied ahead of the potential signing of a financial cooperation with China later this year. The main TAIEX share index <.TWII> closed 121.98 points higher at 5,997.17, its strongest finish since Sept. 25, following solid gains on Wall Street overnight. Turnover was active at an 11-month high of T$173 billion ($5.1 billion), up from T$148.7 billion a day earlier. The financial sub-index <.TFNI> was the top advancer, closing the session 5.52 percent higher. Cathay Financial, Taiwan's largest-listed financial holding firm, and rival Chinatrust Financial <2891.tw> both jumped by their 7 percent daily limit. "There's a problem of overbanking in Taiwan. The potential signing of a memorandum of understanding (MOU) with China will be an important step for Taiwan's financial sector," said Karen Lin, a fund manager at Paradigm Asset Management Co. Taiwan and China will have preliminary discussions on Saturday in the run-up to official negotiations across the Taiwan Strait, which some local media said are likely to take place at the end of April. Such talks would iron out many of the details, including possibly those surrounding a financial MOU, expected to be the centrepiece of this round, allowing banks to invest across the Taiwan Strait. Separately, a Taiwan delegation, which includes chairmen of Cathay Financial and Fubon Financial <2881.tw>, will ask China to sign the Economic Cooperation Framework Agreement (ECFA) with Taiwan when the delegation meets Chinese Premier Wen Jiabao in Boao over the weekend, a local newspaper reported. However, analysts warned that investors should be cautious as the market has gained more than 32 percent since the beginning of March. "The market has gained a lot since March. There could be a huge and prolonged pull-back in the next few sessions," said Alex Huang, a vice president of Mega International Securities. Shares of Hon Hai Precision <2317.tw>, Taiwan's biggest electronics parts maker, rose 0.9 percent after saying it aimed a 30 percent rise in sales this year. [nTP249593] [ID:nLF573807] In the DRAM sector, shares rallied on rising spot prices. Powerchip <5346.two> and Nanya Tech <2408.tw>, Taiwan's top DRAM makers, ended limit-up. The semiconductor sub-index <.TSII> inched up 0.03 percent and the electronics sub-index <.TELI> advanced 1.4 percent. HOT STOCKS -- China Steel <2002.tw>, Taiwan's top steel maker, rose 5.64 percent after the firm said it was in talks with three of its top China peers to jointly invest in overseas miners. [ID:nTP168235] The steel and iron sub-index <.TSTI> gained 4 percent. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 2.08 percent Close on day 5,997.17 2009 intraday high 6,025.85 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (US$1=T$33.8) ((Editing by Ken Wills; 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
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tw dlr 0415/ -0.2/ 33.79 /1020

16:50 15Apr09 RTRS-Taiwan dollar slips after S&P's island outlook cut * Taiwan dollar slips on increased risk aversion * Exporters provide some support on fears of further climbs * Dealers say they expect Taiwan dollar to climb this week (Updates closing indexes) TAIPEI, April 15 (Reuters) - The Taiwan dollar fell on Wednesday on fund outflows and increased risk-aversion after the island's outlook was cut by Standard & Poors, but exporter deals provided some level of support. The Taiwan dollar fell to the day's lowest level of T$33.790 at the close, weaker than Tuesday's close of T$33.620. Volume on the main Taipei Forex Inc exchange was moderate at $1.02 billion, higher than the $867 million recorded in the previous session. "Exporters are afraid that the Taiwan dollar may rise further, so some of them have started selling U.S. dollars," said a dealer in Taipei. "However, the stock market was falling and there was the S&P issue, so that put on a lot of pressure." Taiwan stocks <.TWII> fell 0.3 percent as financial shares slipped, snapping a four-session winning streak. [ID:nTP166633] The local currency was also pressured by Standard & Poor cutting its outlook on Taiwan's "AA-minus" credit rating to "negative" from "stable", saying the government's fiscal position could worsen over the next two to three years. [ID:nSP480954] However, most dealers remained optimistic that the Taiwan dollar could appreciate in coming days on the back of funds eager to invest in Asia's second-best performing stock market. "It might still weaken a little tomorrow, but things should stop there and begin a gradual appreciation again," said another dealer. On the smaller Cosmos exchange, the Taiwan dollar also weakened to T$33.785 from the previous close of T$33.607. (Reporting by Kelvin Soh and Yvette Chen; 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/
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0415 tw stock

14:13 15Apr09 RTRS-Taiwan stocks off 7-mth high as financials decline * Market ends 4-session winning streak * Financial shares track losses of U.S. peers * China Steel up on tie-up talks with China rivals (Adds details and quotes) TAIPEI, April 15 (Reuters) - Taiwan stocks fell 0.3 percent on Wednesday after hitting a near 7-month closing high previously, as investors sold financials such as Cathay Financial <2882.tw> that had risen on a potential agreement with China. The main TAIEX share index <.TWII> ended 17.49 points lower at 5,875.19, snapping a four-session winning streak that saw the market jump more than 8 percent. Turnover was active at T$148.7 billion ($4.4 billion), little changed from T$149 billion a day earlier. Financial shares were hit after their U.S. peers slid on Tuesday on fears that more banks would follow Goldman Sachs' share offer to raise cash. The financial sub-index <.TFNI> fell 0.37 percent, pulling back from a recent rally of 34 percent since the beginning of March. The sector has gained on expectations a potential signing of a memorandum of understanding (MOU) on financial supervision with China would pave the way for Taiwan banks to enter the mainland. Shares of Cathay Financial <2882.tw>, Taiwan's top-listed financial holding firm, were 0.28 percent lower. "Financial shares have risen a lot previously and are now taking a breather. Some foreign institutions might also be selling these shares as their reports suggested," said Eddy Chen, a vice president of National Investment Trust Co. On Tuesday, CLSA recommended in a research note that its clients sell financial shares ahead of the possible signing of the MOU due to the gloomy outlook for banks' asset quality. "The market will be trading in a tight range in the short term after recent gains and as investors remain cautious ahead of companies' first quarter results due out later this month," Chen said. Tech shares gave up early gains on worries a sector recovery will not come any time soon. Intel Corp posted better-than-expected quarterly results but declined to provide an outlook for the second quarter due to economic uncertainty. The electronics sub-index <.TELI> fell 0.44 percent, with TSMC <2330.tw> , the world's top contract chip maker, ending the session 0.95 percent lower. However, DRAM shares rose on continued hopes that production cuts could gradually help struggling chipmakers. Powerchip <5346.two>, the island's biggest DRAM maker, smaller rival ProMOS <5387.two> both rose more than 4 percent. But Nanya Tech <2408.tw> was down 2.9 percent. Taiwan Memory Co (TMC), the government-led chip company that could seek up to T$30 billion in state funds, may need less than that and will apply for the funds by the end of April, a government official said on Tuesday. [ID:nTP99146] HOT STOCKS -- China Steel <2002.tw>, Taiwan's No.1 steel maker, rose 2.5 percent after news it was in talk with three of its top China peers to jointly invest in overseas miners to take advantage of low prices and secure future supplies. [nTP166820] The steel and iron sub-index <.TSTI> ended up 1.83 percent. -- Amtran Technology <2489.tw>, maker of Vizio brand flat-screen TVs, rose 1.74 percent after saying it aimed to ship 5 million TVs globally this year, 25 percent higher than its previous estimate. [ID:nTP116414] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.30 percent Close on day 5,875.19 2009 intraday high 5,904.28 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) (Reporting by Gina Chang, 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 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
[Story not fully loaded, incomplete text]

tw stock 0414

14:02 14Apr09 RTRS-Taiwan stocks close at near 7-mth high as Hon Hai jumps * Market rises for 4th consecutive session * Hon Hai rises ahead of annual general meeting * Construction shares down after rally (Adds details and quote) TAIPEI, April 14 (Reuters) - Taiwan stocks closed up 0.6 percent on Tuesday at a near seven-month high, with Hon Hai <2317.tw> leading technology shares higher. The main TAIEX share index <.TWII> closed 35.04 points higher at 5,892.68, its highest finish since Sept. 26. The market has gained 8 percent over the past four sessions. Turnover was active at T$149 billion ($4.4 billion), slightly up from Monday's T$148.6 billion. Hon Hai, Taiwan's largest electronics gear maker and the most active ticker by turnover, jumped 6.06 percent to T$91 ahead of its annual general meeting on Thursday. "Several foreign institutions raised their price target on Hon Hai, probably because they have already secured sales and order data showing Hon Hai could give pretty good guidance," said Wang Kao-hsiung, a vice president of KGI Securities. On Monday, Goldman Sachs raised its target share price on Hon Hai to T$86 from T$73 while Macquarie raised its price target on the firm to T$102 from T$80. [ID:nTP38339] Foxconn International Holdings <2038.hk>, Hon Hai's Hong Kong-listed cellphone-making unit, said on Tuesday it had no immediate plans for a second listing in its home Taiwan market. [nTP110875] The electronics sub-index <.TELI> rose 1.28 percent. Analysts said the TAIEX could trade in a tight range this week after recent gains but downside pressure is limited due to ample liquidity in the market. Foreign institutions have bought over T$30 billion worth of local stocks over the past three sessions, bringing their net buying to a total of T$32.5 billion so far this month. (For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358]) However, the construction sub-index <.TCOI> fell 1.63 percent, pulling back from a recent rally that saw it jump about 28 percent since the beginning of April. The broader market has risen 13 percent over the same period. HOT STOCKS -- Jih Sun Financial <5820.two> rose by its 7 percent daily limit after a newspaper said Jih Sun's Japanese private equity shareholder is planning to bring on U.S.-based Capital Target Ltd as an additional stakeholder, taking a combined 60 percent or more of the company. -- The food sub-index <.TFII> fell 0.68 percent, even after Want Want China <0151.hk> gave a date for its $100 million Taiwan Depositary Receipt listing later this month. [ID:nTPU001287] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.60 percent Close on day 5,892.68 2009 intraday high 5,898.76 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (US$1=T$33.6) (Reporting by Gina Chang; Editing by Nick Macfie) ((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
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twn dlr 0413/ 753/ 33.697 / +7.3

16:36 13Apr09 RTRS-Taiwan dollar rises to 1-week high on fund inflows
* Taiwan dollar ends at one-week high on fund inflows
* Some investors stay away ahead of earnings season
* Dealers expect the Taiwan dollar at T$33.600-T$33.900

(Adds closing values, details)
TAIPEI, April 13 (Reuters) - The Taiwan dollar rose to a one-week closing high on Monday, fuelled by foreign fund inflows on the back of a climbing stock market, but trade was thin as investors kept a wary eye on corporate results due out this week.
The Taiwan dollar rose to an intraday high of T$33.651, but later pared some of those gains to close the session at T$33.697, its strongest close since April 7.
It was stronger than Friday's close of T$33.795.
"Trade was thin today because of the Easter holiday in some markets and because some people chose to watch before companies release their results this week and next," said a dealer in Taipei.
"Foreign fund inflows helped the Taiwan dollar, and the central bank didn't seem like it did much to pull back gains today."
Volume on the main Taipei Forex Inc exchange was thin at $753 million, but higher than Friday's $645 million and off the billion dollar mark usually seen on most trading days.
Dealers said many investors chose to stay on the sidelines as many companies in Taiwan and the United States are due to release details of their earnings in the next couple of weeks, and were waiting for greater clarity before plunging into the market.
"We're probably going to see the Taiwan dollar trade at around T$33.600 to T$33.900 to the U.S. dollar," said another dealer. "The central bank is unlikely to allow any large fluctuations."
The central bank keeps the Taiwan dollar in a managed float, and sometimes intervenes in the foreign exchange market to temper any fluctuations it deems excessive.
Local trade also took its cue from the offshore non-deliverable forwards (NDF) market. Six-month NDFs were quoted at -0.520/-0.460, compared with -0.460/-0.400 in early trade, indicating investors expect the Taiwan dollar to strengthen by a higher degree in half a year.
On the smaller Cosmos exchange, the Taiwan dollar also closed stronger at T$33.685 compared to Friday's close of T$33.785.
(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))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/


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For Relevant Price Information, Double Click on one of these codes:
Monday, 13 April 2009 16:36:17RTRS [nTP329915] {EN}ENDS

TWN stock 0413

13:58 13Apr09 RTRS-Taiwan stocks close at near 7-mth high, properties lead
* Market hits 7-mth closing high as construction issues jump
* TSMC down after Q1 sales fall
* Hon Hai rises on increased March sales
* Fubon Financial falls after Q1 profits decline
(Adds details and quotes)
TAIPEI, April 13 (Reuters) - Taiwan stocks rose 1.31 percent
on Monday to a near seven-month closing high, with real estate
plays such as Cathay Real Estate <2501.TW> climbing after
parliament approved a special public spending budget.
The main TAIEX share index <.TWII> ended up 75.68 points at
5,857.64, its strongest finish since Sept. 26. The market has
gained about 8 percent over the past three sessions.
Turnover was active at T$148.6 billion ($4.4 billion), but
lower than Friday's T$160 billion.
The construction sub-index <.TCOI> was the top winner, ending
the session 4.45 percent higher.
Shares of Cathay Real Estate Development, Taiwan's leading
real estate developer, rose 4.5 percent and rival Farglory
<5522.TW> jumped by their 7 percent daily limit.
"Passage of the budget last Friday helped boost domestic
consumption players such as construction shares," said Andrew
Deng, a vice president of Taiwan International Securities.
Late on Friday, Taiwan's parliament approved a massive
T$149.1 billion special public spending budget for 2009 to
stimulate the economy and create jobs. [ID:nTP1038]
Construction shares also got a lift after a newspaper said on
Monday life insurance companies could pour money into the real
estate market with the expected relaxation of investment limits
by the government later this week.
Another big gainer was the automobile sub-index <.TAUI>,
which rose 4.42 percent on continued hopes China's auto subsidies
for cars purchased in rural areas could boost sales.
However, analysts said there might be profit-taking after
recent rallies and cautious investors could stay on the sidelines
when major U.S. firms post earning results throughout this week.
TSMC <2330.TW> , the world's top contract chip maker,
fell 0.57 percent after its first-quarter sales fell 55 percent,
but the result came above forecasts, driven by recent rush orders
related to China's stimulus package. [ID:nTP337802]
The broader semiconductor sub-index <.TSII> inched up 0.03
percent while the electronics sub-index <.TELI> rose 1.29
percent.
"Technology shares have been relatively weak because positive
sales results have already been factored in," said Deng.
Hon Hai <2317.TW>, Taiwan's largest electronics gear maker,
jumped 5.28 percent after its March sales rose 24 percent from a
month ago. [ID:nTP226989]
Following Hon Hai's sales announcement, Goldman Sachs raised
its target share price on the parts maker by 18 percent to T$86
from T$73, saying sales could have hit a bottom in the first
quarter. [nTP38339]
In the financial sector, Fubon Financial <2881.TW>, Taiwan's
second-largest insurer, fell 0.19 percent after posting a 36
percent fall in its first-quarter profits. [ID:nTP14896]
The banking and insurance sub-index <.TFNI> finished 0.51
percent higher.
--------------------TAIEX IN PERSPECTIVE--------------------
Move on day 1.31 percent
Close on day 5,857.64
2009 intraday high 5,861.11
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$33.7)
(Reporting by Gina Chang)
((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>

[Story not fully loaded, incomplete text]

tw dlr 0410 /+12.2 /33.795/645

16:32 10Apr09 RTRS-Taiwan dollar down on central bank intervention * Central bank steers market towards weakening bias * Stock gains provide support * Trade thin due to holiday in parts of Asia (Adds closing prices, quotes) TAIPEI, April 10 (Reuters) - The Taiwan dollar weakened on Friday as the central bank bought U.S. dollars, prompting many dealers to follow suit, though trade was thin due to the Easter break in some Asian economies. The Taiwan dollar ended weaker at T$33.795 to the U.S. dollar from the previous close of T$33.777. It hit as low as T$33.940 just after trade opened as the central bank tried to steer the market towards a weakening bias. Trade was quiet on the main Taipei Forex Inc exchange with volumes at $645 million, half of Thursday's $1.278 billion. "The central bank guided the Taiwan dollar lower today, with most players buying U.S. dollars," said a dealer in Taipei. The central bank, which keeps the Taiwan dollar in a managed float, has been buying U.S. dollars in the market actively over the past few months to ensure the local currency trends lower to help the island's exporters reeling from a global downturn. Foreign institutions bought a net T$12.162 billion ($360 million) in Taiwan stocks <.TWII>, which rose 2.0 percent on Friday, with dealers saying that that translated into some fund inflows during the session. Six-month NDFs were quoted at -0.440/-0.390, compared with -0.450/-0.400 the previous session, indicating that the market expects the Taiwan dollar to strengthen by a smaller degree in half a year. On the smaller Cosmos exchange , the Taiwan dollar fell slightly to T$33.785 to the U.S. dollar from the previous close of T$33.775. (Reporting by Yvette Chen and Lee Chyen Yee) ((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] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Friday, 10 April 2009 16:32:13RTRS [nTP335358] {EN}ENDS

tw market 0410

14:19 10Apr09 RTRS-Taiwan stocks log 7th weekly gain to 7-month high * Taiwan stocks record 7th consecutive week of gains * LCD makers such as Chi Mei lead rally * Financials climb after Cathay Q1 profit * Analysts say shares could come under profit-taking pressure By Kelvin Soh TAIPEI, April 10 (Reuters) - Taiwan stocks closed 2.01 percent higher at a seven-month high on Friday, posting their seventh straight week of gains as LCD shares such as Chi Mei <3009.tw> jumped on hopes the sector had bottomed out. The main TAIEX share index <.TWII> closed 114.16 points higher at 5,781.96, its strongest close since Sept 26. Turnover was high at T$160.14 billion ($4.7 billion), similar to most trading days in the past two weeks, but more than double the average figure seen during the down months of January and February this year. LCD makers led the day's climb, with Chi Mei advancing by its daily 7 percent limit after a senior executive told local media he believed the worst was over for the industry. Its larger rival AU Optronics <2409.tw> closed 6.58 percent higher, while the broader optoelectronics sub-index <.TOPI> ended the session up 4.32 percent. "Besides rush orders from China, there're some encouraging signs that the slowdown could be ending in Western economies, which would mean increased consumer demand for gadgets like LCD televisions," said Alvin Teng, an analyst at Sinopac Securities. LCD makers struggled for much of the first quarter of this year, but have recently managed to stage a turnaround on the back of China's move to boost buying of electronic products in rural areas. The optoelectronics sub-index has climbed nearly 50 percent since the beginning of the year, far outpacing the 26 percent advance on the big board. Shares of Taiwan Semiconductor Manufacturing Co <2330.tw> ended 1.15 percent higher, just before the world's contract chip maker said its first quarter sales fell by an annual 55 percent on weaker chip demand, but the result beat its own forecast due to rush orders related to China. [ID:nTP337802] Financial shares also climbed, led by Cathay Financial <2882.tw>, after it reversed a year-ago loss to report market-beating first quarter profits. Cathay Financial closed the session 4.57 percent higher after reporting a first-quarter net profit of T$4.98 billion ($147 million), exceeding market expectations and turning back on its T$5.98 billion loss during the same period last year. Sentiment in the banking sector was further boosted by San Francisco-based Wells Fargo's announcement that it expects to post a record $3 billion first-quarter profit. However, some analysts cautioned that investors could be tempted into locking in profits next week after seven straight weeks of gains that has seen the TAIEX share index climb 30 percent, and ahead of earnings season in the United States. "The pressure to sell will grow stronger by the day next week," said Alex Huang, vice-president at Mega International Securities. "Not everyone is Wells Fargo. First-quarter earnings are unlikely to be outstanding, and this will all likely pressure stocks, which have climbed quite a lot anyway." --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 2.01 percent Close on day 5,781.96 2009 intraday high 5,788.21 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] ((Editing by Ken Wills; 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)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS]
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14:18 09Apr09 RTRS-UMC, China hopes boost Taiwan stocks to 6-mth high * Market posts best one-day rise in four months * UMC soars after monthly sales drop eased * Financial issues jump ahead of legislative vote * Tourism shares surge on report of gov't programme (Adds details and quotes) By Gina Chang TAIPEI, April 9 (Reuters) - Taiwan stocks rose 4.12 percent on Thursday, their best percentage gain in four months, to a more than six-month closing high, with chip maker UMC <2303.tw> leading techs up after the decline in its March sales slowed. Financial and tourism shares also jumped on hopes that warming ties with China could boost business. The main TAIEX share index <.TWII> closed up 224.24 points at 5,667.80, its best finish since Oct. 3 and its biggest single-day gain since Dec 10. Turnover was active at T$144.8 billion ($4.3 billion), but lower than Wednesday's T$150.3 billion. The electronics sub-index <.TELI> jumped 4 percent, led by UMC <2303.tw> , the world's No. 2 contract chip maker, which surged by its 7 percent daily limit. The drop in UMC's March sales eased from the prior two months as the downturn in the sector bottoms out. [ID:nTP268331] "UMC's March sales and news that it might swing to profit this year helped fuel gains in its shares today," said Alex Huang, a vice president of Mega International Securities. "The worst is over for UMC and its share price is set to jump." UMC's larger rival, TSMC <2330.tw> , was up 4.38 percent ahead of announcing its March and first-quarter sales on Friday. TSMC said on Thursday it had started adding hundreds of staff at its research and development department and 12-inch wafer facilities, showing further signs of a possible sector turnaround. [nTP325504] Acer Inc <2353.tw>, the world's third-largest computer maker, jumped 6.09 percent after giving an upbeat outlook for the current quarter. [ID:nTP267622] The tourism sub-index <.THOI> advanced 5.37 percent as Taiwan's government launched a four-year programme that aimed to raise T$30 billion to help promote local tourism. Shares of hotel operator Formosa Hotel <2707.tw> ended limit-up and rival Leofoo Development Co <2705.tw> rose 5.21 percent. The financial sub-index <.TFNI>, the day's top winner, jumped 5.6 percent, rebounding from a 5.5 percent slump a day earlier. Foreign investors became net sellers of financial shares in the past two days ahead of a legislative vote on lowering the cap on credit card interest rates, a local newspaper reported. "Investors were too pessimistic yesterday about the cap. I don't think the cap on rates will have that much serious impact on banks," said Huang. Cathay Financial <2882.tw>, the island's top listed financial holding firm, ended limit-up while Chinatrust Financial <2891.tw>, Taiwan's No.1 credit card issuer, rose 2.12 percent. Financial shares could still lead the market higher following a recent pull-back on investor hopes of an expected signing of a financial agreement with China later this year, analysts said. However, the broader market might take a breather after its recent rallies on concerns local companies could announce gloomy first-quarter results throughout this month. HOT STOCKS -- DRAM chip maker Nanya Tech <2408.tw> rose 5.76 percent after two sources said the firm and its technology partner Micron and their Inotera <3474.tw> joint venture would hold a media briefing on Thursday to discuss government-led industry restructuring. [nTP262310] -- Quanta Computer <2382.tw>, the world's largest contract laptop PC maker, rose 2.48 percent despite missing its first-quarter shipment target by 2 percent. [ID:nTP283575] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 4.12 percent Close on day 5,667.80 2009 intraday high 5,667.80 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) ((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
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