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
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> Tuesday, 14 April 2009 14:02:55RTRS [nTP77111] {EN}ENDS