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14:34 27Aug09 RTRS-Taiwan stocks fall but Mediatek, Amtran gain * Political uncertainty continues to weigh on market * Mediatek up on hopes of closer ties with China Mobile * Amtran jumps after giving upbeat 2010 outlook (Updates indexes; add quotes, details) TAIPEI, Aug 27 (Reuters) - Taiwan stocks ended down 0.42 percent on Thursday, as lingering worries over a possible cabinet reshuffle and an H1N1 outbreak triggered selling, but some tech shares such as TV maker Amtran <2489.tw> defied weakness. The main TAIEX share index <.TWII> finished 28.46 points lower at 6,690.75, extending a two-day losing streak. Turnover was thin at T$79 billion ($2.4 billion) compared with Wednesday's T$101 billion. "Taiwan stocks ended lower as a result of investors' lack of confidence," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. "Turnover would likely remain thin as investors wait for signs to return to the market." Yeh said investors would keep an eye on market movers such as Chinese stocks and wait for more economic data to reassure them that the global economy is on the mend. However, investors bought shares of technology companies such as Hon Hai and Mediatek. Mediatek <2454.tw>, Taiwan's top chip designer and supplier, rose 1.20 percent after reports its chairman was meeting with the chairman of China Mobile <0941.hk>. Electronics giant Hon Hai <2317.tw> rose 1.4 percent, as one of its major clients, Apple , would soon introduce a touchscreen tablet device. [ID:nN26278975] Amtran Technology, maker of the Vizio brand of flat-screen TVs, rose to its 7 percent daily limit after the company said on Wednesday its global TV shipments would rise 60-70 percent next year. [ID:nTP150786] The steel and iron sub-index <.TSTI> fell 0.82 percent after a local newspaper reported that Chinese government would take measures to curb overcapacity among steel and cement producers. Shares of AU Optronics <2409.tw> rose 0.47 percent after a local newspaper reported that K.Y. Lee, chairman of AU and Qisda Corp <2352.tw>, and five others charged with insider trading were acquitted on Wednesday after a two-year trial. Tourism shares <.THOI> gained 1.9 percent after a local newspaper reported that direct flights between Taipei's Songshan Airport and Shanghai's Hongqiao Airport will begin from May 1, 2010, adding extra capacity to the currently crowded cross-strait flights. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.42 pct Close on day 6,690.75 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) 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]
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