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14:26 22Sep09 RTRS-Taiwan stocks edge lower, Hon Hai pulls techs lower * Technology shares subdued after recent rally * Bank issues climb on hope of MOU signing by end of 2009 * Chipmaker UMC most actively traded by volume * Innolux up after report of tie-up with a Japanese firm (Updates quotes, details) TAIPEI, Sept 22 (Reuters) - Taiwan stocks closed 0.45 percent lower on Tuesday, with technology heavyweight Hon Hai <2317.tw> leading the way, as investors were cautious before companies post their September sales. The main TAIEX share index <.TWII> ended 33.43 points lower at 7,469.03, lingering near a 15-month closing high. Turnover was less active at T$111 billion ($3.4 billion) from T$123 billion. "Investors have slowed down buying as they await September sales figures. And they want to get a clue of the outlook in 2010," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. Electronics giant Hon Hai <2317>, the most active by turnover, fell 2.37 percent, dragging down the electronics sub-index <.TELI> 0.55 percent lower. Hon Hai had climbed nearly 18 percent in the last month, outperforming the main index's 12 percent rise. "Shares in the tech sector have been going through a correction. In the longer term, technology shares are going to be the driver behind the main index's gains," said Yeh, who forecast Taiwan stocks to trend higher at a steady pace. He expected the market to consolidate between 7,400 and 7,600 points throughout the week. All Taiwan companies are required to report their September sales by Oct 10. Topping the most active list by volume was contract chipmaker UMC <2303.tw>, which advanced 2.6 percent and pushed the semiconductor sub-index <.TSII> up 0.09 percent. Morgan Stanley said in a research report that the semiconductor industry was emerging from a slump as chip prices rose and demand grew, a local newspaper reported on Tuesday. DRAM maker Powerchip Semiconductor <5346.two> rose 3.2 percent. Innolux Display Corp <3481.tw>, a PC monitor maker, climbed 3.9 percent on a newspaper report that it would team up with a Japanese LED maker to boost sales of LED monitors. Financial shares also gained, on a newspaper report that quoted director Wang Yi of China's Taiwan Affairs offices as saying the signing of a financial MOU between two sides could take place by the end of this year. Shin Kong Financial <2888.tw>, parent of Taiwan's No.3 insurer, jumped nearly 4 percent, with banking and insurance sub-index <.TFN> up 0.42 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.45 pct Close on day 7,469.03 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 Chris Lewis)) ((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
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