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14:36 19Aug09 RTRS-Taiwan stocks end flat on political uncertainty * TAIEX gives up early gains as China market stumbles * Political uncertainty weighs on market sentiment * Wistron gains on expectations of new orders * Asustek up on prospect of growing demand (Updates indexes, quotes, details) TAIPEI, Aug 19 (Reuters) - Taiwan stocks retreated from early gains to end 0.02 percent lower on Wednesday, as worries over political uncertainty offset gains in contract notebook PC makers such as Wistron Corp <3231.tw> on expectations of new orders. The main TAIEX share index <.TWII> finished 1.19 points lower at 6,788.58, reaching a fresh one-month low. Turnover was light at T$71 billion ($2.2 billion), the lowest in nearly six months, as investors wary of a volatile Chinese market and a possible cabinet reshuffle. Wistron Corp, Taiwan's third-largest contract maker of laptops, jumped 0.92 percent after a local newspaper reported that the world's No. 4 PC brand Lenovo <0992.hk> will increase its laptop PC orders in Taiwan companies on the back of growing demand in China. [ID:nTP82819] "Investors maintained a wait-and-see stance after the sharp losses in the Chinese market in the past few days," said Tu Jin-lung, chairman of Grand Cathay Investment Service. "Investors perceived the cabinet reshuffle as a potential threat to the market's stability," said Tu. Taiwan President Ma Ying-jeou said on Tuesday the government would announce by early September whether anyone would be held responsible for delaying rescue efforts after Typhoon Morakot. [ID:nTP202685] [ID:nTP91111] Chinese stocks <.SSEC> fell more than 4 percent on Wednesday. Some investors said they were disappointed that regulators did not take steps to support the market after the key index fell as much as 19 percent over the past two weeks. [ID:BJD001076] Shares of Inventec Corp <2356.tw>, the world's No. 4 contract maker of laptop PCs, rose 0.27 percent after better-than-expected third quarter results from its client Hewlett-Packard Co , which reaffirmed that the demand is picking up in key markets such as the United States and China. [ID:nN18439102] Netbook pioneer Asustek <2357.tw> gained 1.57 percent after Goldman Sachs raised the company's target share price and upgraded its investment rating to "neutral" from "reduced" on the prospect of better earnings. AU Optronics <2409.tw> gained 0.3 percent, with LCD demand expected to remain robust in the third quarter. The optoelectronics sub-index <.TOPI> advanced 0.52 percent. Shares of electronics giant Hon Hai <2317.tw> rose 0.95 percent after a newspaper reported that the company had won low-end smartphone orders from Dell. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.02 pct Close on day 6,788.58 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$33) 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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