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14:23 29Sep09 RTRS-Taiwan stocks log best gain in 1 month led by TSMC * TSMC, UMC led semiconductor shares to 15-month closing high * LCD companies outperform market * CPT rises on Nokia order report (Updates quotes, hot stocks; Adds details) TAIPEI, Sept 29 (Reuters) - Taiwan stocks rose 2 percent to post their biggest daily gain in one month on Tuesday, helped by TSMC <2330.tw>, after the government said it would allow contract chipmakers and flat-panel companies to acquire rivals in China. The main TAIEX share index <.TWII> finished 145.37 points higher at 7,429.98, logging its biggest percentage gain since Sept.1 and highest closing level in nearly a week. "The (China) news was a short-term catalyst for contract chip makers and flat-panel makers' stocks, but I think gains overnight on Wall Street also prompted investors to pick up technology shares," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Topping the most active lists by turnover and volume were Taiwan Semiconductor Manufacturing Co Ltd (TSMC) <2330.tw> and UMC <2303.tw> . TSMC jumped 4.94 percent and UMC rose 3.63 percent, pushing up the semiconductor sub-index <.TSII> 3.3 percent to its highest closing in more than 15 months. AU Optronics <2409.tw> , the world's No.3 flat-panel maker, advanced 2.76 percent, pushing the optoelectronics sub-index <.TOPI> 2.11 percent higher. Taiwanese firms have urged the government to allow them to invest in mainland China or use more advanced technologies to help cut costs and compete with rivals such as those in South Korea. The government has not given a timetable as to when it will allow such investments, said a government official. [ID:nTP321454] Turnover rose sharply from an over-one-month low in the previous session to T$102 billion ($3.1 billion), compared with Monday's T$76 billion. "It's understandable that investors won't buy stocks because the main index has climbed quite a bit and is hovering around its 2009 high, but they are unlikely to sell their holdings either because data from around the world points to stronger economic fundamentals," said Chiu. Financial shares <.TFNI> climbed 2 percent, with Cathay Financial <2882.tw>, the island's top listed financial holding firm, rising 1.71 percent. HOT STOCKS -- Chunghwa Picture Tubes (CPT) <2475.tw>, a small flat-panel maker, rose 2.16 percent on a newspaper report that it secured orders from Nokia . -- Contract laptop PC maker Inventec <2356.tw> advanced 1.37 percent on a newspaper report that it had won orders from Hewlett-Packard to manufacture notebook PCs. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 2.0 pct Close on day 7,429.98 2009 intraday high 7,558.88 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] ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((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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