dlr

16:50 30Jun09 RTRS-Taiwan dollar hits near 3-wk high on exporters * Taiwan dollar firms on stocks, exporter deals * Taiwan central bank sells currency to keep it steady * Taiwan dollar seen at T$32.50-T$33.00 in near term (Updates to close) TAIPEI, June 30 (Reuters) - The Taiwan dollar strengthened on Tuesday to a near three-week closing high, helped by exporters' deals and advances in local stocks, but gains were capped as the central bank intervened by selling the currency. "More exporters entered the market in the afternoon after the Taiwan dollar firmed above T$32.850," said a dealer in Taipei. Exporters, who prefer a weaker Taiwan dollar so they can convert their U.S. dollar earnings into more of the currency, usually trade for more Taiwan dollars near the end of each month and quarter for cash needs at home. "There were some foreign fund inflows. The Taiwan dollar was also propped up by the U.S. dollar selling in the NDF market," said the dealer. The currency could trade between T$32.50 and T$33.00 in the near term, dealers said. Taiwan stocks <.TWII> closed up 0.64 percent on Tuesday and logged their best quarterly gain since 2001, with foreign investors loading a net T$7.8 billion ($238 million) worth of local shares. Despite the rise in the Taiwan dollar, Taiwan's central bank sold a significant amount of the currency during the session in a bid to keep the gains in check and help exporters, another dealer said. 0800 GMT PREVIOUS DAY T$ (Taipei Forex Inc) 32.818 32.943 (close) Volume in $ mln (Taipei Forex Inc) 1,099 584 (close) T$ (Cosmos) 32.801 32.942 (close) Six-month NDFs -0.780/-0.740 -0.480/-0.430 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (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)) Keywords: MARKETS TAIWAN CURRENCY/
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stock / 32.818 / 1099 / +7.8

15:24 30Jun09 RTRS-Taiwan stocks log best q/q gain in 8 yrs; Q3 bumpy * LEDs lead gains on expectations of new orders * Powerchip plunges after Elpida says TMC to take stake in it * Analysts warn of bumpy start to Q3 after strong Q2 * Electronics expected to lead gains in Q3 (Updates to close; adds details, quotes) TAIPEI, June 30 (Reuters) - Taiwan stocks closed up 0.64 percent on Tuesday to log their best quarterly gain in eight years, with technology shares leading gains, but Powerchip <5346.two> plunged on fears its partner Elpida could leave their alliance. The main TAIEX share index <.TWII> ended up 41.01 points at 6,432.16. It has gained about 23 percent this quarter, its best quartly gain since the fourth quarter of 2001, when the index jumped more than 52 percent. However, the index's momentum appears to be paring off as it has dropped nearly 7 percent over the past month as investors worry about the sustainability of the current rally that has seen it outperform most other stock markets globally. Turnover was thin at T$90.2 billion ($2.7 billion) compared with T$90 billion on Tuesday, with most investors staying away on a lack of clear direction and in view of a shortened trading week in the United States. "We could be in for a bumpy start for the third quarter," said Alex Huang, a research director at Mega International Securities Co. "However, things may turn for the better as we step into the middle of the third quarter when electronics giants report their financial results, which may help calm investor sentiment by offering a clearer outlook." Powerchip <5346.two>, Taiwan's top DRAM chipmaker, fell by its 7 percent daily limit after its technology partner Elpida <6665.t> said Taiwan Memory Co (TMC) was seeking to take a stake of about 10 percent in the Japanese company. [ID:nTFD006284] Powerchip had previously declined to join TMC, which is a computer chip company set up by the Taiwanese government to help consolidate the struggling sector as it tries to emerge from its worst-ever downturn. Leading gains were LED (light-emitting diode) shares, with LED chip supplier Epistar <2448.tw> and Formosa Epistaxy <3061.tw> rising 0.57 percent and 2.69 percent, respectively. Their shares were further boosted by local media reports that a group of buyers from China would order about $1.5 billion ($45.68 million) worth of equipment from them. Analysts said they expected the electronics sector to lead gains in the third quarter, following a strong showing by financial shares <.TFNI> in the previous three months, which had risen 42 percent on the back of closer ties with China. "Don't put too much hope on financial shares now," said Haung, who added that financial shares had been underperforming the big board for two sessions, and that he expected the trend to continue. Major financial holding companies such as Cathay Financial <2882.tw> and Chinatrust Financial <2891.tw> dropped 1.92 and 2.94 percent, respectively. Taishin Financial <2887.tw> bucked the trend, rising 2.93 percent after a local newspaper reported that it was in talks with four Chinese banks, and that it could sign an agreement with one of them on closer co-operation in August. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.64 percent Close on day 6432.16 2009 intraday high 7,084.83 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu;) ((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> ($1=32.84 Taiwan Dollar) Keywords: MARKETS TAIWAN STOCKS/
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stock / 32.943/ 584 /-0.37

14:55 29Jun09 RTRS-Taiwan stocks fall, ends 3-session gaining streak * Tech shares weigh ahead of U.S. jobless data * Financial shares cushion TAIEX losses * TAIEX seen trading between 6,100-6,400 pts this week (Updates to close; adds details, quotes) TAIPEI, June 29 (Reuters) - Taiwan stocks closed down 1.12 percent on Monday in thin trade, ending three sessions of gains, as tech shares including contract chip maker TSMC <2330.tw> fell amid uncertainty over the timing of an economic recovery. The main TAIEX share index <.TWII>, which moved in and out of the negative territory the whole session, closed down 72.41 points at 6,391.15. Turnover hit a one-week low of T$90 billion ($2.73 billion), as investors remained sidelined on scepticism over the potential strength of an economic recovery. Analysts said Taiwan stocks could be set for a minor correction this week, and should trade between 6,100 to 6,400 after having seen considerable climbs last week that saw it hit a two-week closing high on Friday. "Stocks pulled back today after rising over the past few sessions," said Wang Kao-hsiung, a vice president at KGI Securities. "Sentiment was dented as there was a huge sell-off in the video games and IC design sectors, which dragged the index down by more than 100 points (in mid-day trade)." The financial sub-index <.TFNI> bucked the trend to end the session 0.12 percent higher, as investors continued to bet that closer co-operation with former political rival China would be good for business. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, rose 0.92 percent, while smaller rival Chinatrust Financial <2891.tw> advanced 2 percent. The electronics sub-index <.TELI> fell 1.51 percent as investors either sold their shares or stayed away from export-reliant tech companies ahead of jobless data out of the United States due this week, which could hit consumer spending if the figures come out worse than expected. Heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC) , the world's biggest contract chipmaker, and top electronics giant Hon Hai <2317.tw> dropped 1.84 percent and 2.35 percent, respectively. Powerchip Semiconductor <5346.two>, Taiwan's biggest DRAM chipmaker, closed flat after it said on Friday that it planned to slash its capital expenditure this year but expects results to improve in July and August. [ID: nTP312139]. Quanta Computer <2382.tw>, the world's largest notebook PC contract manufacturer, dipped 0.38 percent despite a local newspaper report that the firm had received orders from Hewlett-Packard . "Even though Quanta's got plenty of orders from HP, it does not guarantee a boost in its share price," said Wang. "The unit price of these orders are extremely low and it's extremely difficult for downstream notebook makers to gain profits" The computer and peripheral sub-index <.TCPI> fell 1.2 percent. For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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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stock / 32.925 /647/ +6.4

15:02 26Jun09 RTRS-Taiwan stocks reach 2-wk closing high, property shares jump* Index at two-week high, best among 30 global indexes * Property shares jump on steady interest rates * Tech shares dip despite Wall Street gains (Updates to close, adds details, quotes) TAIPEI, June 26 (Reuters) -Taiwan stocks closed 0.09 percent higher on Friday at a two-week closing high after Taiwan's central bank kept rates steady, keeping the cost of lending low and boosting property shares such as Farglory <5522.tw>. The main TAIEX share index <.TWII> ended 5.95 points higher at 6,463.56, its highest close since June 11. The index gained 3.73 percent this week, making it the best performer among the 30 global indexes tracked by Reuters. Turnover was light at T$107 billion ($3.25 billion), highlighting investor worries about the sustainability of the current rally and continued concerns over corporate profitability amid the economic slowdown. "Property shares will continue to thrive as commercial ties between Taiwan and China warm up, and as people take advantage of low rates to make real estate investments," said Tom Tang, a fund manager at Masterlink Investment Advisory. Taiwan's central bank left the benchmark discount rate unchanged at a record low of 1.25 percent for the second straight time on Thursday, and said it would only consider lifting rates when the economy returns to pre-crisis levels. [ID:nTP263201] Real estate developer Farglory led gains in the sector, closing 5.46 percent higher. The broader construction sub-index <.TCOI> rose 1.02 percent as investors bet that low interest rates would lead to a spike in home sales. However, technology shares slipped, reversing earlier gains as investors fretted that consumer demand in the West remained weak, possibly hurting the bottom lines of Taiwan's many export-reliant tech companies. Hon Hai <2317.tw>, Taiwan's largest electronics maker, fell 1.45 percent even after a local newspaper reported that it would be the contract manufacturer for one of Hewlett-Packard's laptop PCs. Powerchip Semiconductor <5346.two>, Taiwan's biggest DRAM chipmaker, fell 3.55 percent after it said on Friday that its capital spending this year would likely fall below T$5 billion, which is lower than previously forecast. [ID:nTPU001459] "The outlook may be gloomy for the third quarter due to a slowdown in the electronics sector because of a decrease in demand across North America and Europe" said Tang. Analysts warned
[Story not fully loaded, incomplete text]

dlr pre 32.860/32.970 / 957/ +9.4

17:01 25Jun09 RTRS-Taiwan dollar at over 1-mth low before rate decision * Central bank steps in to keep Taiwan dollar weak * Taiwan dollar seen between T$32.80 and T$33.0 in near term (Updates to close) TAIPEI, June 25 (Reuters) - The Taiwan dollar weakened on Thursday to a more than one-month closing low as the central bank sold the currency ahead of its decision to leave interest rates unchanged, dealers said. The Taiwan dollar dropped sharply, reaching T$33.10 to the U.S. dollar, in late trade, but recouped part of its losses to end at T$32.970. "The central bank was behind the flow that pushed the Taiwan dollar to T$33.1," said a dealer in Taipei. "But I really have no clue why it wanted to step in today." That price was its weakest finish since May 18 and lower than Wednesday's close of T$32.862. Volume on the main Taipei Forex Inc exchange was moderate at $957 million, higher than $862 million a day earlier. Some dealers said the central bank, which seeks to keep the currency in a managed float, had pushed the Taiwan dollar lower to help offer recession-hit Taiwan exporters a better bidding price as the current quarter comes to an end. Exporters prefer a weaker local currency so they can convert their U.S. dollar earnings into more Taiwan dollars. "Foreign banks bought and sold U.S. dollars today but bought more U.S. dollars after the central bank's intervention in the afternoon," another dealer in Taipei said. Despite the central bank's intervention, the Taiwan dollar, which has been rangebound over the past two weeks, will likely trade between T$32.8 and T$33.0 in the near term, dealers said. Taiwan's central bank on Thursday kept interest rates at a record low of 1.25 percent, as expected, its second straight pause as signs emerge that a slump in the export-led economy is bottoming out. [ID:nTPU001455] In the non-deliverable forwards (NDF) market, six-month NDFs narrowed to -0.550/-0.480 from -0.580/-0.530 in the previous session, meaning that investors had bet the local currency would firm by a smaller degree in half a year. On the smaller Cosmos exchange , the Taiwan dollar weakened to T$32.945 to the U.S. dollar from the previous close of T$32.855. (Reporting by Rachel Lee and Gina Chang; 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)) Keywords: MARKETS TAIWAN CURRENCY/
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stock pre 6380.08

14:50 25Jun09 RTRS-Financials lead Taiwan stocks to near 2-wk high * Financials jump on expectations of MOU signing * Turnover shrinks before c.bank rate-decision meeting * Tech shares track gains on U.S. Nasdaq (Adds indexes, details and quotes) TAIPEI, June 25 (Reuters) - Taiwan stocks rose 1.22 percent on Thursday to a near two-week closing high, led by gains in financial shares such as Cathay Financial on an expected signing of a financial supervision agreement between Taiwan and China. The main TAIEX share index <.TWII> closed up 77.53 points at 6,457.61. Turnover fell to T$109 billion ($3.3 billion) from Wednesday's T$128.0 billion, before a rate decision by Taiwan's central bank later in the day. "There is a large sum of money flowing into financial shares because an MOU is widely expected to be signed in the third quarter," said Andrew Deng, an assistant vice-president at Taiwan International Securities Corp. "But investors have to be cautious because the positive effects (of an MOU with China) reflected in the financial shares would only be temporary." Taiwan and China recently signed a financial agreement, paving the way for a memorandum of understanding (MOU) on financial supervision in the near future. This has pushed financial shares up 73 percent since they hit the year's trough in early March, outpacing a 46 percent rise on the broader market during the same period. Cathay Financial <2882.tw>, the island's top listed financial holding firm, and Fubon Financial <2881.tw>, Taiwan's second largest insurer, both rose 1.44 percent. Technology shares were another booster for the market as they tracked gains by U.S. peers. Smartphone maker HTC Corp <2498.tw>, which unveiled its third-generation Android-based smartphones in London on Wednesday, rose 1.56 percent. Its gains outperformed a 1.12 percent rise on the electronic sub-index <.TELI>. HTC Corp projected unit sales in the U.S would increase by at least 50 percent this year, boosted by devices based on Google Inc's Android operating system. [ID:nN24458562] Acer <2353.tw> fell 1 percent after a newspaper quoted its chairman J.T. Wang as saying there were signs of a slowdown in demand for personal computers, raising concern over the strength of the technology sector's recovery ahead of the traditional peak third-quarter sales season. Taiwan's central bank will hold its quarterly board meeting later on Thursday. It is widely expected to leave its interest rate unchanged for a second straight period. [ID:nTP91336] HOT STOCKS -- China-related plays, including construction shares, got a boost from a local newspaper that said Taiwan could officially start negotiating with China on a free trade-style agreement, known locally as Economic Cooperation Framework Agreement or ECFA, from October at the earliest. Real estate developer Farglory <5522.tw> rose 0.75 percent, leading the construction sub-indext <.TCOI> up by 0.82 percent. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.22 percent Close on day 6,457.61 2009 intraday high 7,084.83 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$32.9) (Reporting by Joan Hsu; 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
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dlr 32.925 / 665 /

16:40 23Jun09 RTRS-Taiwan dollar hits 1-wk closing low, stocks weigh
* Local stock losses weigh, investors await Fed meeting
* Exporters buy Taiwan dollars at around T$32.950
* Taiwan dollar seen between T$32.80-T$33.00 in near term
(Updates to close)
TAIPEI, June 23 (Reuters) - The Taiwan dollar weakened on Tuesday to a one-week closing low, as local stocks tracked sharp losses on Wall Street on concerns over the health of the world economy, but exporters' purchases helped pare some losses.
The Taiwan dollar , which softened for a second straight session, recouped some early losses to end at T$32.925. That marked its weakest finish since June 15 and was lower than the previous close of T$32.898.
Volume on the main Taipei Forex Inc exchange was thin at $665 million, up slightly from $619 million a day earlier.
"Local stocks dropped a lot today, but the Taiwan dollar didn't weaken as much as expected, showing that there was strong support at around T$33.0," said a dealer at a local bank.
Taiwan stocks <.TWII> closed down 2.3 percent on Tuesday, their biggest daily percentage fall in a week, amid growing worries over the prospect of the world economy following sharp rises in the previous few months.
"The Taiwan dollar will probably trade between a narrow range before investors see a clear direction from the Fed's announcement on Wednesday," the dealer said, adding the local currency could trade between T$32.8 and T$33.0 in the near term.
The U.S. Federal Reserve will issue its policy statement on Wednesday, although it is widely believed the Fed will keep rates steady to support a nascent recovery.
However, the fall in the Taiwan dollar was limited as some exporters bought the local currency at around T$32.950. Exporters usually prefer a weaker Taiwan dollar so they can exchange their U.S. dollar earnings into more of the local currency.
On the non-deliverable forwards (NDF) market, six-month NDFs narrowed to -0.500/-0.450 from -0.545/-0.510 in the previous session, implying investors expect the local currency to firm by a smaller degree in half a year.
On the smaller Cosmos exchange , the Taiwan dollar softened to T$32.921 from Monday's close of T$32.880. (Reporting by Rachel Lee and Gina Chang, Editing by Jacqueline Wong) ((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)) Keywords: MARKETS TAIWAN CURRENCY/


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For Relevant Price Information, Double Click on one of these codes:
Tuesday, 23 June 2009 16:40:39RTRS [nTP91537] {EN}ENDS

stock

14:45 23Jun09 RTRS-Taiwan stocks hit one-week low, techs weigh
* Taiwan stocks post biggest daily drop in a week
* Tech heavyweights pull tech sector lower
* Financial sector dragged by Hua Nan Financial

(Updates indexes, adds details and quotes)
TAIPEI, June 23 (Reuters) - Taiwan stocks fell 2.27 percent
on Tuesday, their biggest daily drop in a week, as tech exporters
such as Hon Hai <2317.TW> tracked losses of U.S. peers on fears
over a tepid global economic outlook.
The main TAIEX share index <.TWII> closed 143.74 points lower
at 6,197.47, its biggest one-day percentage fall since June 15.
The TAIEX has fallen more than 10 percent so far this month.
Turnover fell to T$90.13 billion ($2.7 billion) from Monday's
T$95.5 billion.
Investors were cautious after the World Bank said on Monday
the global economic outlook remained "unusually uncertain." [.N]
In the tech sector, heavyweights such as Hon Hai, Taiwan's
top electronics gear maker, and Taiwan Semiconductor
Manufacturing Co (TSMC) <2330.TW>, the world's largest contract
chip maker, dropped by 3.83 percent and 3.21 percent,
respectively.
The electronic sub-index <.TELI> fell 1.89 percent.
Nanya Technology <2408.TW>, the island's No.2 DRAM maker,
jumped by its 7 percent daily limit after news that its parent
company, Formosa Plastic Co <1301.TW>, had subscribed to new
Nanya shares through a private placement.
Powerchip <5346.TWO>, Taiwan's top DRAM chip maker, fell 3.23
percent, after it sank to its 7 percent daily limit low earlier
in the day.
Powerchip said on Monday it had secured agreement from at
least 90 percent of investors holding its $158 million
convertible bond to reset terms of the bond. [ID:nTP90348]
Delta Electronics Inc <2308.TW> gained 2 percent after a
newspaper said it bought a big portion of a corporate bond issued
by Dynapack International Technology Corp <3211.TWO>, Taiwan's
second-biggest supplier of notebook PC batteries.
Dynapack shares rose 1.84 percent.
The financial sub-index <.TFNI> ended 2.46 percent lower.
--------------------TAIEX IN PERSPECTIVE--------------------
Move on day -2.27 percent
Close on day 6,197.47
2009 intraday high 7,084.83
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)
(Reporting by Joan Hsu; Editing by Neil Fullick)
((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters
Messaging:gina.chang.thomsonreuters.com@reuters.com))
((If you have a query or comment on this story, send an email to
news.feedback.asia@thomsonreuters.com))

ASIA-PACIFIC STOCK MARKETS:
Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS]
S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW]
Australia/NZ.........[.AX] India.......[.BO] China......[.SS]
OTHER MARKETS:
Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/]
Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/]
ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/]
Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU]
DIARIES & DATA:
IPO diary & data Asia earnings diary [ASIA/EQTY]
U.S. earnings diary [RESF/US] European diary [WEU/EQTY]
Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O]
Eurostocks Week Ahead [.EU/O] World forecasts
TOP NEWS:
For top Asian company news, double click on: [nTOPEQA]
U.S. company news [TOP/EQU] European company news [TOP/EQE]
Forex news [TOP/FRX] Global Economy news [TOP/MACRO]
Technology news [TOP/TECH] Telecoms news [TOP/TELCO]
Media news [TOP/MEDIA] Banking news [TOP/FIN]
Politics/General news [TOP/G] Asia Macro data
A multimedia version of Reuters Top News is available at:
http://topnews.session.rservices.com
LIVE PRICES & DATA:
World Stocks <0#.INDEX> Currency rates
Dow Jones/NASDAQ <.DJI> <.IXIC> Nikkei <.N225>
FTSE 100 <.FTSE> Debt <0#USBMK=>
Taiwan dollar LME price overview
TAIWAN MARKET:
Taiwan equity mkt TAIEX <.TWII><.TV.TW>
Other indices <0#.INX.TW> TAISDAQ <.TWOII><.TV.TWO>
TAIMEX Taiwan index futures <0#TX:> MSCI Taiwan index <.MSTW>
SIMEX Taiwan index futures <0#STW:> FTSE TW50 index <.FTSETW50>

Keywords: MARKETS TAIWAN STOCKS

.


For Related News, Double Click on one of these codes:[M] [T] [E] [D] [Z] [PSC] [RNP] [DNP] [PTD] [TW] [ASIA] [STX] [EMRG] [CHIP] [ELI] [COMC] [CHE] [DPR] [ELCO] [SEMI] [TECH] [TEEQ] [BMAT] [CHEM] [INDG] [INDS] [MACH] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] [2330.TW] [2408.TW] [1301.TW] [5346.TWO] [2308.TW] [.TFNI]
For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> <2330.TW> <2408.TW> <1301.TW> <5346.TWO> <2308.TW> <.TFNI>
Tuesday, 23 June 2009 14:45:17RTRS [nTP95957] {EN}ENDS

dlr 32.898/ 619 / +3.1

16:31 22Jun09 RTRS-Taiwan dlr eases ahead of Fed meet; stocks offset
* Market awaits Fed committee comment on economic outlook
* Foreign funds buy Taiwan stocks, which gain 1.77 pct
* Taiwan dollar seen rangebound on limited investor appetite
(Updates to close)
TAIPEI, June 22 (Reuters) - The Taiwan dollar eased in light trade on Monday as the U.S. dollar gained against other currencies ahead of fresh U.S. economic news, but gains in local stocks kept losses in check.
The Taiwan dollar closed at T$32.898 to the U.S. dollar, off Friday's one-week closing high of T$32.878.
Volume on the main Taipei Forex Inc. exchange was a light $619 million, but slightly up from $599 million on Friday.
"The U.S. dollar was up a bit over European and Asian currencies," a dealer in Taipei said. "But the Taiwan dollar was stable because stocks were pretty strong.
The euro and the Swiss franc slipped against the U.S. dollar on Monday, while the Indonesian rupiah led emerging Asian currencies lower as risk appetite waned ahead of the U.S. Federal Reserve's rate meeting this week. [ID:nTP108242]
The Fed Open Market Committee is due to meet on Tuesday and Wednesday, and the market is waiting to see what it says about the economic outlook and a rise in Treasury debt yields, and whether it makes any move to expand or extend its debt buyback programme. [ID:nN19521340]
Taiwan stocks <.TWII> gained 1.77 percent, helping to stabilise the local currency. Foreign funds were net buyers, uploading T$3.13 billion ($100 million) into Taiwan shares.
Investors are also hanging back as they seek new developments in Taiwan's fast-improving commercial ties with economic powerhouse China, said Mitul Kotecha, head of global currency research with Calyon in Hong Kong.
Taiwan exporters and oil traders were also seen in the market on Monday, but transaction volumes were small.
The Taiwan dollar is expected to be rangebound throughout the week amid low volumes, but could strengthen next week as exporters buy the local currency en masse to meet cash needs at home before the end of the month, dealers in Taipei said.
On the smaller Cosmos exchange , the Taiwan dollar closed flat at Friday's close of T$32.880.
(Reporting by Ralph Jennings and Rachel Lee; 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)) Keywords: MARKETS TAIWAN CURRENCY/


For Related News, Double Click on one of these codes:[M] [T] [Z] [D] [MF] [E] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP]
For Relevant Price Information, Double Click on one of these codes:
Monday, 22 June 2009 16:31:05RTRS [nTP105498] {EN}ENDS

stock 0622

14:58 22Jun09 RTRS-Taiwan stocks mark best daily jump in 3 weeks
* Market reaches new one-week closing high
* AU up after announcing tie-up with Sichuan Changhong
* Powerchip slides despite agreement with bond holders

(Updates indexes, adds details and quote)
TAIPEI, June 22 (Reuters) - Taiwan stocks rose 1.77 percent
on Monday, posting their best daily rise in three weeks, as tech
shares including LCD maker AU Optronics <2409.TW> rose after the
firm announced a new venture with one of China's top TV makers.
The main TAIEX share index <.TWII> closed up 110.06 points at
6,341.21, its biggest daily percentage rise since May 27 and
hitting its highest close in a week.
Turnover increased slightly to $95.5 billion ($2.9 billion)
from Friday's T$83 billion, but it is still light as investors
appeared reluctant to trade following a recent pull-back of about
3 percent over the past week.
The TAIEX could trade between 6,100-6,400 points this week,
analysts said.
AU, the world's third-largest flat panel maker, rose 4.13
percent on news of a plan to set up an LCD module venture with
Sichuan Changhong <600839.SS>, days after the firm said it would
build a new 8.5-generation LCD plant. [ID:nTP87546]
"The news will only have a temporary effect on AU's shares as
demand and supply is expected to slow down," said John Chiu, a
vice president of Fuh Hwa Securities Investment Trust.
Smartphone maker HTC Corp <2498.TW>, the third-most active
share by turnover, rose 3.9 percent after a newspaper said the
company had received orders from Orange to supply its HTC Hero
handsets, which will boost HTC's sales from the third quarter.
However, Powerchip <5346.TWO>, Taiwan's top DRAM chip maker,
fell 7 percent to its daily limit even after the firm said on
Monday it had secured agreement from at least 90 percent of
investors holding its $158 million convertible bonds to reset
terms of the bond. [ID:nTP90348]
In financial news, China Life Insurance Company <2823.TW>
rose 3.03 percent after purchasing the Taiwanese agency business
of British life insurer Prudential . [ID:nLJ327208]
Tourism and property shares, two of the top winners of the
day, saw a significant rise due to rapidly improving commercial
ties between Taiwan and China.
The tourism sub-index <.THOI> jumped 3.7 percent, with hotel
operator Formosa Hotel <2707.TW> rising to its 7 percent daily
limit. The construction sub-index <.TCOI> jumped 3 percent, with
real estate developer Farglory <5522.TW> climbing 6 percent.

---------------------TAIEX IN PERSPECTIVE-------------------
Move on day 1.77 percent
Close on day 6,341.21
2009 intraday high 7,084.83
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$32.9)
(Reporting by Joan Hsu, Editing by Jacqueline Wong)
((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, 22 June 2009 14:58:52RTRS [nTP27904] {EN}ENDS

599

-0.85

stock

14:55 19Jun09 RTRS-Taiwan stocks at 1-week high, tech shares up
* Market bounces from 1-1/2-month low on Thursday
* HTC leads technology shares higher
* Powerchip limit-down on bond negotiation plan
* Quanta up after report of orders from Apple

(Adds details and quotes)
TAIPEI, June 19 (Reuters) - Taiwan stocks rose 1.41 percent
on Friday to a one-week closing high, as upbeat U.S. economic
data lifted tech and financial shares, but Powerchip <5346.TWO>
slid as it tried to reach agreement with bondholders.
The main TAIEX share index <.TWII> closed 86.62 points higher
at 6,231.15, its highest close since June 12 and bouncing back
from the previous session's 1-1/2-month low.
Turnover hit a three-month low of T$83 billion ($2.5
billion) as investors stayed away following a pull-back of about
3 percent this week that has made the TAIEX one of the world's
worst performers during this month.
The financial sub-index <.TFNI> jumped 1.7 percent, with
Cathay Financial <2882.TW>, the island's top listed financial
holding firm, up 1.5 percent.
Smartphone maker HTC <2498.TW> advanced 2.6 percent, after a
local newspaper said HTC and Chunghwa Telecom <2412.TW> will
offer a smartphone using Google's Android operating
system for free to some subscribers.
"HTC has to watch out for new competitors," said Alex Huang,
a research director at Mega International Securities.
"HTC's performance has been weak through the year, and the
situation may be exacerbated as new competitors enter."
Powerchip, Taiwan's largest DRAM maker, slid 7 percent by
its daily maximum limit, bucking the semiconductor sub-index's
<.TSII> 0.59 percent advance.
Late on Thursday, Powerchip said it would extend the
deadline for bondholders to accept its offer to reset the terms
of a $158 million convertible bond that matured on Wednesday, as
it had yet to secure agreement from a sufficient number.
[ID:nTP4341]
Powerchip's smaller rivals Nanya Technology <2408.TW> rose
1.8 percent while ProMOS Technologies <5387.TWO> lost nearly 1
percent.

HOT STOCKS
-- AU Optronics <2409.TW>, the world's third largest LCD
makers, fell 0.32 percent after it announced a plan to build a
new plant. [ID:nTP99536]
-- Quanta Computer <2382.TW> rose 1.2 percent after a local
newspaper said it has been appointed the sole contract
manufacturer for Apple's MacBook series in the second
half of the year.
Quanta declined to comment on the report but said on Friday
it expected shipments to peak between September and November
this year. [ID:nTP101788]

--------------------TAIEX IN PERSPECTIVE--------------------
Move on day 1.41 percent
Close on day 6,231.15
2009 intraday high 7,084.83
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$32.9)
(Reporting by Joan Hsu; 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



For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW]
For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW>
Friday, 19 June 2009 14:55:11RTRS [nTP102857] {EN}ENDS

stock / 32.904/ 636 / -2.5

14:23 18Jun09 RTRS-Taiwan stocks hit 1-1/2-mth low, Powerchip drops
* Market dips for fifth session
* Powerchip limit-down ahead of convertible bond results
* TSMC rises after hiring plan

(Adds details and quotes)
TAIPEI, June 18 (Reuters) - Taiwan stocks fell 0.83 percent
on Thursday in light trading, hitting a 1-1/2-month closing low,
with DRAM maker Powerchip <5346.TWO> sliding ahead of the
outcome from bond negotiations with investors later in the day.
The main TAIEX share index <.TWII> closed 51.38 points lower
at 6,144.53, paring early gains to touch its weakest finish since
April 30 and posting losses for the fifth straight session.
Turnover was thin at T$94.9 billion ($2.9 billion), lower
than Wednesday's T$99 billion as sentiment remained cautious
following a sharp pullback over the past few weeks, which made
the TAIEX one of the world's worst performers so far in June.
Investors have been booking profits on concerns over the
local market's momentum after months of rally. Despite the day's
decline, the TAIEX was still up 34 percent so far this year.
Powerchip, Taiwan's biggest DRAM chipmaker, shed 7 percent
to its daily limit on concerns over the company's negotiations
on its convertible bond with investors.
"Powerchip's bond plan will likely be resolved after the
ProMOS' precedent. It also has enough funds to help support
itself," said Bevan Yeh, a senior fund manager of Prudential
Financial Securities Investment Trust.
"But if Powerchip's case drags on like ProMOS, it'll have
very negative impact on Taiwan's DRAM industry."
The DRAM maker on Wednesday said a majority of investors
holding its convertible bond had accepted its offer to reset the
terms of the bond that would mature later on Wednesday.
[ID:nTP33148]
The company will announce the results of the talks on
Thursday.
In April, ProMOS <5387.TWO>, Taiwan's No.3 DRAM firm,
secured a T$2.98 billion loan from a banking consortium after
having expected the funds for months to help pay off its
convertible bond that was issued five years ago.
Shares of ProMOS declined 4.5 percent, lagging a 0.68
percent rise of the broader semiconductor sub-index <.TSII>.
Uncertainty over Powerchip's bond repayment plans further
weighed on the financial sub-index <.TFNI>, which closed the
session 1.6 percent lower. Cathay Financial <2882.TW>, the
island's biggest listed financial holding firm, lost 1.3
percent.
Far EasTone <4904.TW>, one of Taiwan's top three mobile
carriers, fell 0.39 percent, despite saying on Wednesday that it
hoped to complete its controversial sale of a 12 percent stake
to China Mobile <0941.HK> by early next year. [ID:nHKG33582]
Separately, China Mobile, China's dominant mobile carrier,
on Thursday said it has no intention of taking control of Far
EasTone if its controversial purchase plan was approved.
[ID:nHKG3108]
However, Taiwan Semiconductor Manufacturing Co (TSMC)
<2330.TW> , the world's top contract chipmaker, rose
after saying it intends to hire 30 percent more R&D engineers as
part of its effort to move up the technology ladder.
[ID:nTP58495]
TSMC shares jumped 1.4 percent, outperforming the
electronics sub-index's <.TELI> 0.39 percent decline.

--------------------TAIEX IN PERSPECTIVE--------------------
Move on day -0.83 percent
Close on day 6,144.53
2009 intraday high 7,084.83
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$32.9)
(Reporting by Gina Chang; 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



For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW]
For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW>
Thursday, 18 June 2009 14:23:32RTRS [nTP63805] {EN}ENDS

market

14:30 17Jun09 RTRS-Taiwan stocks fall to new 1-1/2-mth low as techs dip * Market falls for 4th session, down 10 pct so far in June * HTC leads technology shares lower * Financial shares advance on China hopes (Adds details and quotes) By Joan Hsu and Gina Chang TAIPEI, June 17 (Reuters) - Taiwan stocks fell 0.4 percent in thin trade on Wednesday, hitting a 1-1/2-month closing low as tech shares such as HTC Corp <2498.tw> tracked losses on Wall Street, but gains in financial shares helped limit the decline. The main TAIEX share index <.TWII> closed 24.90 points lower at 6,195.91, reversing early gains to mark its weakest finish since April 30. The market has fallen more than 3.9 percent so far this week and is down about 10 percent in June, making it the worst-performing stock index in the past one month among 30 global indexes tracked by Reuters. Turnover was thin at T$99 billion ($3 billion), lower than the T$109 billion recorded on Tuesday, as an increasing number of investors stayed sidelined on concerns that the market could pull back further following months of rallies. Shares of smartphone maker HTC, the day's most active share by turnover, dropped 4.6 percent, sending the electronics sub-index <.TELI> 1 percent lower. "HTC slid because of the dismal outlook for its sales in June," said Chang Chi-sheng, a fund manager at Uni-President Asset Management. Inventec Corp <2356.tw>, the world's No.4 contract maker of laptop PCs, gave up early gains to close 2.2 percent lower. The firm said on Tuesday it expects to ship more than 5 million laptops in the second quarter, up about 5 percent from the first quarter, amid recovering demand. [ID:nTP2995] Netbook pioneer Asustek <2357.tw> climbed 0.25 percent after saying on Tuesday it could turn to an operating profit in the current quarter after two straight quarters of losses. [ID:nTPU001422] Separately, a local newspaper said the netbook maker expects to sell up to 1 million of its smartphones next year, and has tied up with telecom operator AT&T to distribute its phones in the United States. The financial sub-index <.TFNI> bucked the trend on the broader market to rise 2.4 percent, reversing some of the 12 percent it has lost so far this month. Cathay Financial, Taiwan's biggest listed financial holding firm, gained 3 percent while Chinatrust Financial <2891.tw>, the island's largest credit card issuer, advanced 2.8 percent. Taiwan and China are expected to sign a much-awaited memorandum of understanding (MOU) on the financial sector around mid-year, which would help local banks enter China's market. "Positive news such as the (possible) signing of the MOU with China and being considered for a upgrade by MSCI boosted financial shares," said Chang. Index compiler MSCI has said it was studying upgrading Taiwan to developed from emerging market status. [ID:nN15244117] HOT STOCKS -- Computer casing maker Ju Teng <3336.hk> <9136.tw> rose 1.9 percent after a senior executive said the firm has no plan to issue new shares, but could repackage some of its existing Hong Kong-listed shares into TDRs to meet strong demand for its stock in Taiwan. [ID:nHKG260186] --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.40 percent Close on day 6,195.91 2009 intraday high 7,084.83 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] ($1=T$32.9) (Editing by Lincoln Feast) ((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
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dlr / 32.889 /497 / -5.6

16:43 17Jun09 RTRS-Taiwan dollar ends flat as exporters, funds meet * Taiwan dollar slightly weaker in thin trade * Stocks and NDFs affecting sentiment, keeping investors away * Dealers expect currency to trade flat this week (Updates to close) TAIPEI, June 17 (Reuters) - The Taiwan dollar ended flat on Wednesday as exporter deals were met with some foreign fund outflows, but trade was thin as most investors stayed on the sidelines amid a fall in the stock market. The Taiwan dollar traded in a tight range between T$32.860 and T$32.935 before closing at T$32.889, slightly weaker than Tuesday's close of T$32.885. Volume on the main Taipei Forex Inc exchange was a paltry $497 million, barely half of the billion dollar mark seen on most trading days, and lower than Tuesday's already thin $779 million. "The kind of volume we saw today was really quite exceptional," said a dealer in Taipei. "Volumes were really low, and the buy and sell offers we received were evenly matched." The decline in the local equities market <.TWII> over the past few days also led many investors to stay away, as they looked for clearer direction before making any investment decisions. Foreign institutions also sold a net T$5.58 billion ($170 million) worth of stocks on Wednesday, further dampening sentiment and raising expectations of more fund outflows that would pressure the local currency. The Taiwan dollar also took some of its cue from the offshore non-deliverable forwards (NDF) market, where six-month NDFs were quoted at -0.610/-0.560 compared with -0.640/-0.580 the previous session, meaning the market expects the currency to strengthen by a smaller degree in half a year. Dealers said they expect the Taiwan dollar to trade within the T$32.800 and T$33.000 range in the coming days, barring any unforseen developments, such as surprises in the U.S. market. "Things should be quite flat for this week," said another dealer. "There're no major indicators coming out, and everyone seems to be staying away anyway." On the smaller Cosmos exchange, the Taiwan dollar closed at T$32.888, slightly weaker than Tuesday's close of T$32.882. (Reporting by Kelvin Soh and Jeanny Kao; 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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tw dlr

16:51 16Jun09 RTRS-Taiwan dlr firms on world reserve concerns, exporters * U.S. dlr slides on world reserve currency questions * Exporters buy local currency as price right * Currency seen between T$32.75 and T$32.9 later in the week (Updates to close) TAIPEI, June 16 (Reuters) - The Taiwan dollar firmed on Tuesday as the U.S. dollar lost ground amid questions about its worth as a world reserve currency. The Taiwan dollar closed at T$32.885 to the U.S. dollar, above Monday's final price of T$32.940. Volume on the main Taipei Forex Inc exchange was a light $779 million. "The U.S. dollar has gone weaker globally, the rest of the market is quiet, and trade volumes are quite low," a dealer in Taipei said. "We also saw a few exporters." The U.S. dollar fell broadly on Tuesday after traders took comments from Russia that the world needs new reserve currencies as a signal that it may be looking to cut the share of U.S. assets in its currency portfolio. [ID:nLG824175] A few exporters were also seen boosting the Taiwan dollar on Tuesday, taking advantage of its price to buy more of the local currency for cash needs at home, dealers said. The currency has trended weaker since the beginning of June. Lacking other market direction, the Taiwan dollar is expected to trade between T$32.75 and T$32.9 in coming days. In the non-deliverable forwards market, six-month NDFs were quoted at -0.640/-0.580, compared with Monday's -0.535/-0.500. That indicated the market was expecting the Taiwan dollar to strengthen by a larger degree in half a year. On the smaller Cosmos exchange , the Taiwan dollar closed at T$32.882, up from Monday's close of T$32.937. (Reporting by Ralph Jennings; Editing by Nick Macfie) ((ralph.jennings@thomsonreuters.com; +886 2 2500 4882; Reuters Messaging: ralph.jennings.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
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stock / 32.885 / 779/ +0.27

14:06 16Jun09 RTRS-Taiwan stocks inch lower, Mediatek slides * Market at new 1-1/2-mth closing low * One of world's worst performers so far in June * Mediatek slides on reports of dismal outlook * Property issues up on hopes of recovery (Adds details and quotes) TAIPEI, June 16 (Reuters) - Taiwan shares fell slightly on Tuesday in light trading, slipping to their lowest close in 1-½ months as Mediatek <2454.tw> led tech shares lower on reports of a dismal outlook for the third quarter. The main TAIEX share index <.TWII> ended 0.08 percent, or 4.75 points lower at 6,220.81, its weakest finish since April 30. That brought its losses to 5 percent over the past three sessions. Turnover was light at T$109 billion ($3.3 billion), the lowest level in 2-½ months, as cautious investors stayed sidelined after recent losses. The local market has underperformed other major global markets in June, sliding nearly 10 percent so far this month after having rallied from its 2009 lows in late January. Mediatek, Taiwan's largest chip designer and the most active share by turnover, ended down 4.8 percent, underperforming a 0.25 percent fall in the electronics sub-index <.TELI>. Mediatek has cut its production orders to contract chip manufacturers for the third quarter by 30 percent, more than a previously planned 10 percent reduction, as demand from China and other emerging markets slipped, local media reported on Tuesday. "Mediatek was too optimistic, so the cut (in production orders) is quite reasonable,"said Michael On, a managing director of Beyond Asset Management. "Besides Mediatek, other tech companies like laptop makers might also see slower sales in the third quarter." However, Hon Hai <2317.tw>, Taiwan's top electronics parts maker, rose 2.2 percent after BNP Paribas upgraded the stock to a "buy" and raised its target price to T$120. [ID:nTP15830] Wistron <3231.tw>, Taiwan's No.3 contract laptop maker, gained 2.6 percent after a newspaper said the company has set the price of its global depository receipts at $14.90, and will issue about 25 percent more GDRs than previously expected. "Wistron finalized the GDR pricing, which we believe helps remove the overhang on the stock, as people had been worried about the magnitude of the GDR price discounts and share dilution," said Morgan Stanley in a research report on Tuesday. Morgan Stanley also maintained its "overweight" rating on Wistron due to the company's strong growth prospects in 2010 and attractive valuation. Netbook pioneer Asustek <2357.tw> fell 0.25 percent, giving up early gains. The firm said on Tuesday it could turn to an operating profit in the current quarter as it works to turn around its business after two straight quarters of operating losses. [ID:TPU001422] The construction sub-index <.TCOI>, which has more than doubled so far this year, gained 1.4 percent on hopes of recovery, with real estate developer Farglory <5522.tw> up 2.5 percent. The sector was further boosted by media reports that insurer Shin Kong Life had decided to delay the sale of two of its properties in Taipei's Neihu district planned for the second half of this year as it expects prices to rise in coming months. Shin Kong Financial <2888.tw>, parent of Shin Kong Life, ended the session flat. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.08 percent Close on day 6,220.81 2009 intraday high 7,084.83 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$32.9) (Reporting by Gina Chang; Editing by Kim Coghill) ((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
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stock / 32.940/ 973 /-2.6

14:03 15Jun09 RTRS-Taiwan stocks post worst daily drop in 2 months * Market hits weakest close in 1-½ mths * All sub-indexes slide * TSMC, UMC lead technology shares lower (Adds details and quote) TAIPEI, June 15 (Reuters) - Taiwan stocks fell 3.45 percent on Monday, their biggest daily drop in two months, as investors sold shares across the board following recent rallies, sending heavyweights such as TSMC <2330.tw> sharply lower. The main TAIEX share index <.TWII> closed 222.67 points lower at 6,225.56, its weakest finish since April 30 and the biggest single-day percentage fall since April 17. The day's decline extended a worst weekly drop in seven months hit last week. Turnover was light at T$112.6 billion ($3.4 billion), lower than T$128.8 billion recorded the previous session. Despite the day's decline, the TAIEX has jumped more than 47 percent since touching the year's trough in late January. Taiwan Semiconductor Manufacturing Co (TSMC) <2330.tw> , the world's top contract chipmaker and the most active share by turnover, slid 4.8 percent, pulling the semiconductor sub-index <.TSII> 4.9 percent lower. "Investors continued to take profit. Foreign investors also took a more negative view on local stocks and sold heavyweights like TSMC and UMC," said Tu Jin-lung, chairman of Grand Cathay Investment Services. Tu expects the TAIEX to continue pulling back and drop as low as 6,000 this week. (For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358]) TSMC's smaller rival United Microelectronics Corp (UMC) <2303.tw> dropped 6.8 percent to its daily limit, with the electronics sub-index <.TELI> ending 3.9 percent lower. However, Wistron Corp <3231.tw>, Taiwan's No.3 contract laptop maker, closed up by 7 percent at its daily limit. Morgan Stanley on Monday said in a research report that Wistron's short-term valuation was compelling and maintained its "overweight" rating on the company. The financial sub-index <.TFNI>, which has gained 60 percent since hitting a low in early March, declined 2.7 percent. Chinatrust Financial <2891.tw> fell 0.5 percent and Fubon Financial <2881.tw> dropped and 1.7 percent, giving up gains early in the session. Chinatrust Financial and Fubon Financial were cited in a local newspaper report as being likely to benefit from China's recently announced rules regulating its investors in Taiwan's financial sector. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -3.45 percent Close on day 6,225.56 2009 intraday high 7,084.83 2009 intraday low 4,164.19 All time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (US$1=T$32.9) (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
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dlr

17:15 12Jun09 RTRS-Taiwan dlr ends flat as c.bank and exporters meet * Taiwan dollar gives up early gains as stocks fall * Taiwan central bank buys U.S. dollars * Exporters' purchases helped curb decline TAIPEI, June 12 (Reuters) - The Taiwan dollar ended flat on Friday, paring early gains as local stocks slid and the central bank intervened by selling the local currency, but exporter deals helped limit losses. The Taiwan dollar closed at T$32.800 against the U.S. dollar, after trading mostly higher throughout the session. It is also weaker than the close of T$32.798 on Thursday. Volume on the main TAIEX share index <.TWII> was a paltry $573 million, less than the $765 million recorded a day earlier. "The Taiwan dollar rose in early trade as local stocks were quite stable and as the U.S. dollar weakened," said a dealer at a local bank. "But it weakened after local stocks dropped sharply in late trading. A rebound in the U.S. dollar in the afternoon also pressured the Taiwan dollar." Taiwan stocks <.TWII> closed 1.8 percent lower on Friday to post their worst weekly performance in nearly seven months, with foreign investors selling a net T$5.5 billion ($168 million) worth of local shares. [ID:nTP170358] The U.S. dollar rose against a basket of major currencies on Friday, as investors booked profits in higher-yielding currencies like the Australian dollar ahead of the weekend. [ID:nT336542] Central bank intervention further weighed on the Taiwan dollar, and offset currency buying by exporters. "The movement in the U.S. dollar has been volatile," said another dealer in Taipei. "So the central bank stepped in to push the Taiwan dollar lower as it feared the U.S. dollar might weaken further and push up the Taiwan dollar steeply next week." The central bank, which keeps the Taiwan dollar in a managed float, prefers it to stay weak to help support the island's sluggish exports. On the smaller Cosmos exchange, the Taiwan dollar ended at T$32.785 compared to Thursday's close of T$32.790. (Reporting by Roger Tung and 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)) Keywords: MARKETS TAIWAN CURRENCY/
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stock 32.8/573/ -5.5

14:31 12Jun09 RTRS-Taiwan stocks post worst weekly drop in 7 mths * Worst-performing index among global markets this week * TSMC drops after Chairman Chang assumes CEO role again * DRAM shares slide after TMC's plans to buy stake in Elpida * Tourism shares gain on China hopes, ignores flu pandemic (Adds details and quotes) By Gina Chang TAIPEI, June 12 (Reuters) - Taiwan stocks closed down 1.81 percent on Friday to post its worst weekly drop in 7 months, as contract chipmaker TSMC <2330.tw> led tech shares lower after announcing that its chairman will take over as CEO again. The main TAIEX share index <.TWII> ended 119.14 points lower at 6,448.23, finishing the week 6 percent lower and the worst-performing index among 30 major markets tracked by Reuters. The fall was also the index's worst weekly performance since November last year. Turnover was light at T$128.8 billion ($3.9 billion), higher than the T$116.7 billion recorded on Thursday. The market could be trading in a tight range between 6,400-6,700 points next week as investors became cautious following a recent rally, analysts said. Despite its dismal performance this week, the TAIEX is still one of the world's best performing markets so far this year, and has jumped about 58 percent since touching the year's trough in late January. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chip maker, slid 3.95 percent after Chairman Morris Chang said late on Thursday he will replace the incumbent CEO Rick Tsai. [ID:nTP279120] "Chang taking over as CEO again will help reinforce the running of the company," said Wang Kao-hsiung, president of KGI Securities. "But the decision to replace Tsai might indicate that TSMC's progress in manufacturing chips needed for more advanced processes is falling behind expectations." Some analysts also said they think the move could have a negative impact on TSMC as it will eventually need to seek a successor for the 78-year-old Chang within a few years. [ID:nTP187140] DRAM shares also slid after spot prices dropped in recent sessions, and were further dampened by Taiwan Memory Co's (TMC) plan to acquire an about 10 percent stake in Japan's Elpida <6665.t>. [ID:nTP325749]. Government-backed TMC aims to overhaul Taiwan's struggling DRAM sector. "It remains to be seen what Elpida will offer TMC after TMC takes a stake in Elpida," said Bevan Yeh, a senior fund manager of Prudential Financial Securities. "There already are some market expectations that Elpida will not give a licence (of its technology) for free to TMC." Shares of Powerchip <5346.two>, the island's top DRAM maker, lost 5 percent. Smaller rivals Nanya Tech <2408.tw> and ProMOS Technologies <5387.two> slipped 2.5 percent and 6 percent, respectively. The semiconductor sub-index <.TSII> fell 3.4 percent, worse than a 2 percent fall of the electronics sub-index <.TELI>. However, tourism shares outperformed as investors continued to bet that more Chinese tourists will visit in coming months, ignoring news that the World Health Organization had declared the first influenza pandemic since 1968. The executive of a Chinese household goods maker said his company would offer 8,000 workers Taiwan trips in November, bringing in at least T$500 million worth of opportunities to local companies, local media reported on Friday. The tourism sub-index <.THOI> rose 0.2 percent, with hotel operator Formosa Hotel <2707.tw> up 1.12 percent. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -1.81 percent Close on day 6,448.23 2009 intraday high 7,084.83 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$32.8) (Editing by Jacqueline Wong) ((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
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stock 32.798/ 765/ +0.7

14:20 11Jun09 RTRS-Taiwan stocks close up, led by steelmakers * Market reverses course to end higher * China Steel gains on plan to raise product prices * LED issues lead tech shares higher on China hopes (Adds details and quotes) By Gina Chang TAIPEI, June 11 (Reuters) - Taiwan stocks closed up 1.63 percent on Thursday, led by steel shares after China Steel <2002.tw> said it would raise prices, while LED stocks also jumped on hopes of increasing demand from China. The main TAIEX share index <.TWII> closed the session 105.10 points higher at 6,567.37, staging a comeback after having dropped more than 1 percent in early trade. Turnover was light at T$116.7 billion ($3.6 billion), slightly higher than the T$114 billion on Wednesday. The steel and iron sub-index <.TSTI> ended the session 3 percent higher, with China Steel <2002.tw>, Taiwan's top steelmaker, up 3.23 percent. China Steel said after the local market closed on Wednesday it would lift domestic steel product prices by an average of 7 percent in July and August from June, its first price rise this year. [ID:nTP194561] "Some steel companies gave a pretty optimistic outlook for the second half of this year. They are also likely to benefit as the government speeds up outsourcing public construction bids," said Andrew Deng, an assistant vice president at Taiwan International Securities. LED (light-emitting diode) related shares also gained on expectations of stronger demand from China. LED chip suppliers Epistar <2448.tw> and Formosa Epistaxy <3061.tw> both surged 7 percent to their daily limit. Investors have been largely bullish on LED-related plays so far this year, with Epistar having climbed more than 180 percent this year, while Formosa Epistaxy has more than doubled. The electronics sub-index <.TELI> was up 1.3 percent, with Taiwan's top two LCD makers, AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw>, rose 1.8 percent and 2.3 percent, respectively. Both AU and Chi Mei said on Wednesday they are facing a shortage of glass used for the panels that could lead to higher prices in the third quarter. [ID:nTP188638] Taiwan Semiconductor Manufacturing Co (TSMC) <2330.tw> , the world's top contract chipmaker, recouped early losses to finish 0.17 percent higher. The broader semiconductor sub-index <.TSII> rose 0.55 percent. TSMC posted sales of T$24.47 billion in May, its biggest monthly sales in seven months. [ID:nTP240768] "The market could come under pressure in June because technology companies are in a quiet business season, and that the Taiwan dollar has been rising recently also causes pressure on tech firms," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. The financial sub-index <.TFNI>, whose losses had weighed on the main index early in the session, reversed course to finish 1.88 percent higher. Taiwan government officials on Wednesday said a memorandum of understanding on financial sector ties between Taiwan and China might not be signed by the end of June and could be delayed until after July. Cathay Financial, Taiwan's top listed financial holding firm, rose 0.31 percent while Chinatrust Financial <2891.tw>, the island's largest credit card issuer, jumped 3.22 percent. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.63 percent Close on day 6,567.37 2009 intraday high 7,084.83 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$32.8) ((gina.chang@thomsonreuters.com; editing by Ken Wills; +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
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14:27 10Jun09 RTRS-Taiwan stocks rebound from 1-mth low, UMC jumps * Market bounces back from 1-month closing low * UMC jumps after May sales rose from April * ProMOS surges after plans to seek new biz opportunities (Adds details and quotes) TAIPEI, June 10 (Reuters) - Taiwan stocks ended 0.75 percent higher on Wednesday, rebounding from a one-month closing low the previous session, with UMC <2303.tw> leading gains after posting a 9 percent monthly increase in revenue in May. The main TAIEX share index <.TWII> closed 47.88 points higher at 6,462.27, recouping part of its 6 percent loss over the previous two sessions. Despite the day's gain, the TAIEX might continue its pullback through the end of June, when it will test 6,300 points, analysts said. An uptrend over the previous months had seen the TAIEX jump by about 52 percent since touching the year's trough in late January. Turnover was light at T$114 billion ($3.5 billion), lower than the T$159 billion recorded on Tuesday. United Microelectronics Corp (UMC) , the world's No. 2 contract chip maker, jumped 2.82 percent, outperforming the broader semiconductor sub-index's <.TSII> 2 percent advance. UMC's May sales fell from a year earlier, but marked its third straight month-on-month rise, the latest evidence of recovering demand for the company's technology products. [ID:nTP339885] (For Taiwan corporate sales in May, click [ID:nTP373722]) "UMC's sales results were within expectations," said Kevin Yang, a president at Paradigm Asset Management. "Orders at semiconductor companies could return to a normal pace in the second half of the year, and sales probably would be flat on a quarter-on-quarter basis." However, some analysts were less bullish. JPMorgan on Wednesday downgraded its rating on UMC to "neutral" from "overweight," due to weaker second-quarter sales and a dismal outlook into the second half of this year. [ID:nTP186826] UMC's larger rival TSMC <2330.tw> gained 3.74 percent after TSMC Chairman Morris Chang told Forbes magazine in an interview that orders received at his company during the last two months have exceeded the company's own expectations. Minutes before the market closed, Taiwan Semiconductor Manufacturing Co (TSMC) posted a 15.6 percent fall in May sales from a year earlier, but the result marked the third straight monthly rise. [ID:nTPU001443] ProMOS <5387.two>, Taiwan's third-largest DRAM maker, surged 7 percent to its daily limit after saying on Tuesday it was looking for strategic partners for new business opportunities, including making other semiconductor products. [ID:nTP129008] However, LED-related shares failed to get a boost from a local newspaper report that said companies in China will procure up to T$20 billion worth of LED lights from Taiwan within the next four to five months. "The PE (price-earnings) ratio of LED-related companies is too high. Besides, shares of these companies have also risen a lot recently," said Robert Hsieh, a vice president at Shin Kong Investment Trust. Shares of LED chip suppliers Epistar <2448.tw> and Formosa Epistaxy <3061.tw> dropped 6 percent and 4.4 percent, respectively. Financial shares were little affected by comments by the chairman of Taiwan's Financial Supervisory Commission that an expected memorandum of understanding (MOU) on the financial sector with China might not be signed by the end of June. The financial sub-index <.TFNI> rose 1 percent, led by Cathay Financial <2882.tw>, the island's top listed financial holding firm, which advanced 3.56 percent. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.75 percent Close on day 6,462.27 2009 intraday high 7,084.83 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$32.7) (Reporting by Gina Chang; 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
For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Wednesday, 10 June 2009 14:27:24RTRS [nTP185170] {EN}ENDS

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14:25 09Jun09 RTRS-Techs push Taiwan stocks to 1-mth closing low * HTC leads technology shares lower * UMC declines ahead of May sales * AU, Chi Mei down despite May sales rising (Adds details and quotes) TAIPEI, June 9 (Reuters) - Taiwan stocks fell 3.22 percent on Tuesday to a near one-month closing low, with technology shares including HTC Corp <2498.tw> leading the decline after reporting weaker-than-expected May sales. The main TAIEX share index <.TWII> closed 213.63 points lower at 6,414.39, its weakest finish since May 14 and bringing its losses to 6 percent over the past two sessions. Turnover was moderate at T$159 billion ($4.8 billion), rising from T$147 billion recorded on Monday. Smartphone maker HTC fell 5 percent, underperforming a 3 percent fall of the electronics sub-index <.TELI>. "Many companies' sales came worse than expectations, which pressured the market to pull-back from the recent rally," said Eddy Chen, a vice president at National Investment Trust Co. The TAIEX has gained 51 percent since hitting the year's trough in late January. However, HTC's CEO said he is still confident of reaching the company's second-quarter sales target of T$37.5 billion to T$38.5 billion even after its May sales fell short of analysts' expectations, a local newspaper reported on Tuesday. Local companies are required to report May sales by June 10. (For Taiwan corporate sales in May, click [ID:nTP373722]) The TAIEX could trade as low as 6,300 points in the near term, analysts said, but some optimists said the TAIEX could still resume momentum to test 7,000 points as the world economy gradually recovers. United Microelectronics Corp (UMC) <2303.tw> , the world's second-largest contract chip maker, shed 5 percent ahead of its May sales announcement. UMC's larger rival Taiwan Semiconductor Manufacturing Co (TSMC) <2330.tw> changed course to close down 0.88 percent ahead of its May sales report on Wednesday. AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw>, Taiwan's two largest LCD makers, fell 0.85 percent and 5.7 percent, respectively, paring early gains after May sales at both companies rose nearly 14 percent from a month before. Wistron Corp <3231.tw>, Taiwan's No. 3 contract laptop maker, dropped 3.96 percent after a source said on Tuesday the firm plans to raise about $225 million through a follow-on placement of new shares. [ID:HKG112988] The transportation sub-index <.TTPI> slid 4.8 percent after the Baltic Dry Index (BDI) <.BADI>, which tracks the costs of shipping key commodities, fell for a third session on Monday. The financial sub-index <.TFNI>, which gained 65 percent since hitting a low early in March, slipped 4.6 percent. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm and Chinatrust Financial <2891.tw>, the island's largest credit card issuer, dropped 5 percent and 6.8 percent, respectively. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -3.22 percent Close on day 6,414.39 2009 intraday high 7,084.83 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$32.9) (Reporting by Gina Chang; Editing by Ken Wills) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging:gina.chang.thomsonreuters.come@reuters.com)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E. Asia............[.SO] Hong Kong...[.HK] Taiwan.....[.TW] Australia/NZ.........[.AX] India.......[.BO] China......[.SS] OTHER MARKETS: Wall Street...........[.N] Gold.........[GOL/] Currency..[FRX/] Eurostocks...........[.EU] Oil...........[O/R] JP bonds...[JP/] ADR Report..........[ADR/] LME metals..[MET/L] US bonds...[US/] Stocks News US...[STXNEWS/US] Stocks News Europe...[STXNEWS/EU] DIARIES & DATA: IPO diary & data Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Taiwan diary [TW/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O] World forecasts TOP NEWS: For top Asian company news, double click on: [nTOPEQA] U.S. company news [TOP/EQU] European company news [TOP/EQE] Forex news [TOP/FRX] Global Economy news [TOP/MACRO] Technology news [TOP/TECH] Telecoms news [TOP/TELCO] Media news [TOP/MEDIA] Banking news [TOP/FIN] Politics/General news [TOP/G] Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#.index> Currency rates Dow Jones/NASDAQ <.DJI> <.IXIC> Nikkei <.N225> FTSE 100 <.FTSE> Debt <0#usbmk=> Taiwan dollar LME price overview TAIWAN MARKET: Taiwan equity mkt TAIEX <.TWII><.TV.TW> Other indices <0#.inx.tw> TAISDAQ <.TWOII><.TV.TWO> TAIMEX Taiwan index futures <0#tx:> MSCI Taiwan index <.MSTW> SIMEX Taiwan index futures <0#stw:> FTSE TW50 index <.FTSETW50> Keywords: MARKETS TAIWAN STOCKS/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Tuesday, 09 June 2009 14:25:13RTRS [nTP137684] {EN}ENDS