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

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Tuesday, 23 June 2009 14:45:17RTRS [nTP95957] {EN}ENDS