stock / 32.419/ 700 / -2.3

14:39 21Sep09 RTRS-REFILE-Taiwan stocks end lower as Mediatek loses steam (Refiles to fix typo in headline) * Mediatek falls on fears over profit margins in Q4 * LCD makers gain on report of Sharp and Samsung patent fight * TAIEX seen trading between 7,400 and 7,700 this week (Updates indexes; quotes) TAIPEI, Sept 21 (Reuters) - Taiwan stocks ended 0.32 percent lower on Monday as investors sold high-flying tech shares such as Mediatek <2454.tw> that have helped push the market to this year's highest close on Friday, but LCD makers capped losses. The main TAIEX share index <.TWII> finished 24.09 points lower at 7,502.46, snapping a four-session winning streak. Turnover was moderate, with T$123 billion ($3.8 billion) shares traded, higher than last week's daily average of T$117 billion. "The pressure of profit-taking mounted after Taiwan stocks hit a new high in 2009 and overshadowed gains in smaller individual companies," said Kevin Yang, president at Paradigm Asset Management Co Ltd. Mediatek, Taiwan's top chip designer and supplier, declined 2.33 percent to T$503 after climbing mroe than 3 percent last week. BNP Paribas lowered its target price on Mediatek to T$518 on concerns of a drop in its fourth-quarter gross margin. Other tech heavyweights such as TSMC <2330.tw> and UMC <2303.tw> also slipped, falling 0.64 percent and 2.55 percent, respectively, pushing the semiconductor sub-index <.TSII> 0.58 percent lower. TSMC Chairman Morris Chang expected the world's largest contract chipmaker to increase revenue in the fourth quarter from the current three months, a local newspaper reported. [ID:nSP468352] But the optoelectronics sub-index <.TOPI> rose 1 percent, with Chi Mei Optoelectronics <3009.tw> rising 2.37 percent. A local newspaper reported on Monday that Taiwan's LCD makers could pick up orders left by Samsung Electronics <005930.ks> if the South Korean company is barred from making some exports to the United States due to a patent infringement with Sharp. In June, Sharp had won a fight with Samsung over patented technology for liquid crystal displays, according to an administrative law judge's ruling from the U.S. International Trade Commission. [ID:nN15240203] The automobile sub-index <.TAUI> was the session's top gainer, with Yulon Motor <2201.tw> jumping 4.83 percent on a newspaper report of a better-than-expected order in its self-developed vehicle Luxgen. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.32 pct Close on day 7,502.46 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 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
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