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14:35 07Sep09 RTRS-Taiwan stocks up for seventh session, led by UMC * UMC rises before monthly sales report on Tuesday * Compal continues advance after upbeat forecast * Chinatrust up on news it outbids rivals for AIG Taiwan unit (Updates indexes and quotes) TAIPEI, Sept 7 (Reuters) - Taiwan stocks closed up 1 percent on Monday, hovering at a more than one-year closing high, with contract chip makers such as UMC <2303.tw> leading gains on the prospect of increasing orders. The main TAIEX share index <.TWII> finished 71.46 points higher at 7,224.59, gaining for a seventh straight session and posting its strongest close since August 14, 2008. Turnover was thin at T$125 billion ($3.81 billion), compared with Friday's T$138 billion. UMC , the world's second largest contract chip maker and the session's most active share by volume, surged 4.92 percent ahead of its August sales report on Tuesday. The semiconductor sub-index <.TSII> rose 1.55 percent. "Contract chip makers could be looking at a very busy quarter as the current quarter is usually the busiest time of the year," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Shares of UMC's bigger rival TSMC <2330.tw>, the world's top contract chip maker, rose 3.33 percent. Further boosting sentiment was an offer by Abu Dhabi's state fund ATIC to buy Singapore's Chartered Semiconductor , raising expectations that further consolidation of the global chip sector is imminent. [ID:nT37096] Shares of DRAM chipmakers such as Powerchip <5346.two> and ProMOS <5387.two> also added points to the main board, rising 6.77 percent and 6.2 percent, respectively. "DRAM makers' shares rose on expectation of a boost in demand from the Chinese market and a hike in chip prices," Chiu said. Other tech gainers included contract laptop PC maker Compal Electronics <2324.tw>, which climbed 1.63 percent to lead the broader computer and peripherals sub-index <.TCPI> 0.47 percent higher. Compal Electronics expects shipments in the current three months to climb 20 percent from the second quarter, underscoring a return in consumer and corporate tech spending. []ID:nTP326653] Other gainers included banking and insurance shares <.TFNI>, which advanced 2.07 percent. "Financials and other China-sensitive shares are catching up with gains on the overall market," added Chiu. "Investors have been avoiding financial shares for weeks." Shares of Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, rose 1.04 percent. It offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source said on Saturday. [ID:nTP89584] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.00 pct Close on day 7,224.59 2009 intraday high 7,240.34 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.8) 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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