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
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, 25 June 2009 14:50:17RTRS [nTP247942] {EN}ENDS