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



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Friday, 19 June 2009 14:55:11RTRS [nTP102857] {EN}ENDS