stock / 32.907/ 523

14:10 03Sep09 RTRS-Taiwan stocks end at 1-mth closing high, AU advances * AU, Chi Mei gain on plans to tap China market * Mediatek up after reports of good sales outlook * Compal rises after securing orders from Nokia (Updates indexes, quotes; adds hot stocks) TAIPEI, Sept 3 (Reuters) - Taiwan stocks ended up 0.92 percent at a more than one-month closing high on Thursday, with AU Optronics <2409.tw> outperforming after the LCD company said it was considering building a panel plant in China. The main TAIEX share index <.TWII> closed 64.88 points higher at 7,104.65, a level not seen since July 28. Turnover was T$138 billion ($4.2 billion), more active than Wednesday's T$130 billion. AU Optronics shares rose 2.29 percent and rival Chi Mei Optoelectronics <3009.tw> shot up 4.89 percent, pushing the optoelectronics sub-index <.TOPI> 1.7 percent higher. AU Optronics, the world's No.3 LCD maker, said it had received invitations from several city governments in China to set up a new panel plant on the mainland. [ID:nTP172108] Chi Mei optoelectronics told Reuters it expects to supply 40 percent of the panels needed by LCD TVs with Chinese brand names. [ID:nTP209929] "Taiwan's LCD makers probably felt more desperate than ever to gain market share in China, after their larger Korean peers took a step ahead to announce plans to build fabs in China," said Michael On, a managing director at Beyond Asset Management. On said the main index was seen entering a brief period of consolidation in the next couple of days, with the overall upbeat sentiment likely to remain, underpinned by institutional buying. "Most technology exporters reported better-than-expected second quarter earnings, and some people believe the gain would wind its way through the third quarter as the sector enters a peak season," added On. Foreign institutions had bought a net of T$13.3 billion ($404 million) in Taiwan stocks over the past two sessions, with most money flowing into technology shares, said analysts. Compal <2324.tw>, the world's No. 2 contract laptop PC maker, advanced 4.07 percent on a newspaper report that it had received orders from Nokia to manufacture 100,000 netbooks. Compal will hold its second-quarter investor conference on Friday. However, electronics parts giant Hon Hai <2317.tw> lost 1.63 percent after investors locked in recent profits. Hon Hai rose more than 9 percent over the past two sessions. HOT STOCKS -- Shares of Formosa Plastics <1301.tw> advanced 1.5 percent. A newspaper reported that top executives from Formosa Plastics group will visit Chinese rival Sinopec group next week, paving the way for possible cooperation between the two groups. -- Mediatek <2454.tw>, Taiwan's top chip designer and the session's most active share by turnover, gained 2.58 percent. The rise came after a newspaper reported that its monthly sales could reach a record at more than T$12 billion in August, and third-quarter sales could surpass its own estimate. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.92 pct Close on day 7,104.65 2009 intraday high 7,185.52 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 Jacqueline Wong)) ((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/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Thursday, 03 September 2009 14:10:49RTRS [nTP235888] {EN}ENDS