Friday, October 30, 2009

32.535/616/-5.5

15:14 30Oct09 RTRS-Taiwan stocks hit fresh 1-mth closing low * TSMC falls on outlook worries * Mediatek down before Q3 results, Q4 guidance * PC shares rise on expectations of rising shipments in Q4 * Main index to trade between 7,200-7,500 pts next month (Updates indexes, adds quotes, details) TAIPEI, Oct 30 (Reuters) - Taiwan stocks fell 0.21 percent to end at a fresh one-month low on Friday, as investors sold technology shares such as TSMC <2330.tw> on concerns over weaker a outlook in the fourth quarter. The main TAIEX share index <.TWII> ended down 15.61 points to 7,340.08, wrapping up the week with a 4.08 percent fall and reaching its lowest level since Sept. 28. Concerns over a weaker fourth quarter prompted investors to book profit in TSMC , the world's largest contract chipmaker, which gave up early gains to end 0.5 percent lower. Turnover was thin at T$101 billion ($3.1 billion), compared with Thursday's T$145 billion and the daily average of T$112 billion this week. Analysts said market sentiment remained fragile after Thursday's tumble and investors were cautious of earnings. Chip designer Mediatek <2454.tw>, the second-most active stock by turnover, dropped 1.38 percent. After the market closed, Mediatek posted better-than-expected third quarter earnings but gave a weaker outlook for the current quarter. [ID:nTPU001805] Taiwan stocks fell to their lowest closing level in one month and logged their worst single day percentage fall in 3-½ months on Thursday after foreign investors unloaded a net T$22 billion ($677 million) of Taiwan stocks, the biggest net sale in more than one year. [ID:nTP297058] "Taiwan stocks have climbed a lot during the past few months and investors have begun to wonder whether there's still room to rise," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. The main index gave up early gains on concerns that the positive GDP data from the United States may not be enough to sustain future economic growth, some analysts said. "But are we certain that the global economy will be healthy enough to support itself after governments around the world put an end to their rescue measures?" said Tom Tang, a vice president at Masterlink Investment Advisory. The United States is one of the island's largest export markets to which Taiwan provides many of its electronic gadgets, and investors look closely at the U.S. economic outlook before making decisions about the island's tech companies. PC shares outperformed the main board as investors bet on increasing demand in the fast approaching holiday season in North America. Compal Electronics <2324.tw> and netbook PC pioneer Asustek <2357.tw> rose 3.9 percent and 2.01 percent, respectively, after both said they expected shipments to climb about 10 percent in the fourth quarter. [ID:nTPU001799] [ID:nTP001802] The computer and peripheral equipment sub-index <.TCPI> finished up 1.13 percent. LCD shares such as AU Optronics <2409.tw> traded flat after larger rival Samsung Electronics <005930.ks> cautioned against a profit decline in the current three months. [ID:nSP438961] But small LCD panel maker Hannstar Display <6116.tw> jumped more than 6 percent after a local newspaper reported that it had returned to profitability in the third quarter, and expected utilisation rates to remain at 100 percent. In non-tech sectors, construction shares extended losses from Thursday after local newspapers reported that more government officials had voiced concerns over skyrocketing housing prices and urged banks to tighten rules on mortgage lending. Real estate developer Farglory <5522.tw> had fallen more than 8 percent over the past two sessions, lagging the main index's 2.58 percent fall during the same period. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.21 pct Close on day 7,340.08 2009 intraday high 7,811.92 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/]
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16:21 30Oct09 RTRS-Taiwan dlr firms after U.S. data renews risk appeal * Taiwan dollar rebounds from 1-½ month low in thin trade * Stocks, light U.S. dlr buying by central bank curb T$ rise (Updates to close) TAIPEI, Oct 30 (Reuters) - The Taiwan dollar firmed in thin trade on Friday, after hitting a 1-½ month closing low in the previous session, on investor interest in risky assets such as emerging Asian currencies after positive U.S. GDP data. The U.S. economy grew in the third quarter for the first time in more than a year as government stimuli helped lift consumer spending and home building, indicating that the economy is stabilising although difficulties still lie ahead. [ID:nN29388343] News from the United States renewed investor appetite for riskier assets, including the Taiwan dollar, dealers said. "There wasn't much trade today, but of course the U.S. dollar went lower overnight," one dealer in Taipei said. On Thursday, the Taiwan dollar hit an intraday low of T$32.650 in early trade before recouping some losses to end at T$32.580, the lowest closing price since Sept. 15. Exporters also supported the Taiwan dollar on Friday with a trickle of purchases, dealers said. They had been in the market from earlier in the week as the Taiwan dollar fell, allowing them to change foreign currency into more of the local currency for cash needs at home ahead of the end of the month. But Taiwan stocks <.TWII>, which closed 0.21 percent lower, capped the currency's gains, dealers said. Foreign funds sold a net T$5.544 billion ($170 million) in local stocks on Friday. Dealers said Taiwan's central bank also bought U.S. dollars in the foreign exchange market to curb the local currency's gains but that the purchase amounts were small. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.535 32.580 Volume in $ mln (Taipei Forex Inc) 616 960 T$ (Cosmos) 32.527 32.570 Six-month NDFs -0.690/-0.640 -0.670/-0.620 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Ralph Jennings; Editing by Chris Lewis) ((ralph.jennings@thomsonreuters.com; +886 2 2500 4882; Reuters Messaging: ralph.jennings.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) rj Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [D] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Friday, 30 October 2009 16:21:09RTRS [nTP81773] {EN}ENDS

Thursday, October 29, 2009

dlr

17:13 29Oct09 RTRS-Taiwan dlr closes at 1-1/2-mth low on fund outflows * Taiwan dollar falls for third straight session * Lowest close since Sept. 15 as equity outflows weigh * Exporters buy currency before end month, offering support (Updates to close) TAIPEI, Oct 29 (Reuters) - The Taiwan dollar fell for a third straight session to a 1-1/2-month closing low on Thursday as a dip in the local stock market triggered foreign fund outflows while investors remained wary of central bank movements. The Taiwan dollar hit an intraday low of T$32.650 in early trade before recouping some losses to end at T$32.580, the lowest closing price since Sept. 15. "Foreign investors conducted a massive outflow, but exporters were there to offer support," said a dealer in Taiwan. On Thursday, foreign institutions had sold a whopping net T$22 billion ($675 million) in Taiwan stocks <.TWII>, which ended 2.37 percent lower. Dealers said the Taiwan central bank's remark regarding monetary policy also weighed on local markets. On Thursday, the United Daily News reported that Taiwan's central bank had urged lenders not to push down mortgage rates as interest rates could rise next year, indicating that it was concerned about escalating home prices. [ID:nTP274223] Dealers said the central bank had bought the Taiwan dollar occasionally during the session, aiming to keep the local currency at a relatively weak level to help the island's exporters, many of which were hurt by the recent recession. But the local currency found support in exporters deals. Exporters were keen to sell U.S. dollars at around T$32.55 and T$32.57, providing support to the Taiwan dollar, for cash needs before the end of the month. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.580 32.496 Volume in $ mln (Taipei Forex Inc) 960 693 T$ (Cosmos) 32.570 32.490 Six-month NDFs -0.670/-0.620 -0.670/-0.620 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Rachel Lee; Editing by Jacqueline Wong) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [D] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Thursday, 29 October 2009 17:13:17RTRS [nTP363695] {EN}ENDS

32.580/960/ -22.2

15:22 29Oct09 RTRS-Taiwan stocks fall to 1-mth low as builders, tech weigh * Banking and construction shrs tumble on central bank remark * TSMC falls before posting worse-than-expected Q3 results * Foreigners post net sell in Taiwan stocks in past 2 days * Compal up on market-beating Q3 results, upbeat Q4 outlook (Updates indexes, adds quotes and details) TAIPEI, Oct 29 (Reuters) - Taiwan stocks fell 2.37 percent to a one-month closing low on Thursday, with property shares plunging as Taiwan's central bank had urged banks to take note of risk management on mortgage loans. Foreign institutions dumped a net T$22 billion of Taiwan stocks on Thursday, after selling a net T$9 billion during the first three days of the week. Adding to the decline, worries over the pace of the global economic recovery sparked a broad sell-off, including technology stocks like TSMC <2330.tw> . "It's very hard for Taiwan stocks to do well when global markets were pulling back, especially when they have climbed so much and with so few people willing to buy stocks," said Vincent Ho, a fund manager at JPMorgan Asset Management. The main TAIEX share index <.TWII> finished down 178.26 points to 7,355.69, chalking up its worst daily fall in 3-½ months and its lowest closing since Sept. 28. Analysts said the main index, which has rallied 65 percent this year, could drop sharply but was expected to find support at 7,100. Foreign investors were expected to return net buyers given their upbeat outlook on Taiwan's stocks. Turnover was more active at T$145 billion, compared with Wednesday's T$112 billion. Real estate developer Farglory <5522.tw> slid 5.1 percent, with the construction sub-index <.TCOI> plunging 5.21 percent. The banking and insurance <.TFNI> dropped 3.94 percent. The electronics sub-index <.TELI> slipped 1.93 percent, tracking Nasdaq's <.IXIC> 2.7 percent loss overnight. TSMC, the world's largest contract chip maker, was the most-active stock by volume and ended down 0.33 percent. After the market had closed, the company posted its biggest quarterly net profit in a year. [ID:nTPU001797] Hon Hai <2317.tw> fell 4.07 percent after contract laptop PC maker Wistron <3231.tw> said it would buy a stake in component makers including Ju Teng <3336.hk> in a move that could thwart Hon Hai's move into the PC business. Acer <2353.tw>, the world's No.2 PC brand, was down 4.39 percent after China's General Administration of Quality Supervision, Inspection and Quarantine said on Monday the company recalled 12,266 laptop PCs in China from its Aspire 3810 series made between April to September over a microphone fault. [ID:nTP284862] Compal <2324.tw> bucked the trend to finishe up 1.14 percent after the world's No.2 contract laptop PC maker reported market-beating third-quarter earnings and raised expectations for better demand for the current three months. [ID:nTP291410] The computer and peripheral equipment <.TCPI> dropped 2.26 percent. Formosa Plastics <1301.tw>, one of Asia's top petrochemical producers, fell 1.69 percent after it posted a net profit of T$9.2 billion in the third quarter. [ID:nTPU001793] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -2.37 pct Close on day 7,355.69 2009 intraday high 7,811.92 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 Kazunori Takada)) ((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:[M] [T] [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, 29 October 2009 15:22:30RTRS [nTP353767] {EN}ENDS

Wednesday, October 28, 2009

32.496/ 693 / -10.9

14:26 28Oct09 RTRS-Taiwan stocks post worst single day fall in 3 wks * Exporters fall after weaker U.S. consumer confidence * UMC drops before reporting better-than-expected Q3 results * Acer eases even after expecting rising shipments (Updates indexes, adds quotes and hot stocks) TAIPEI, Oct 28 (Reuters) - Taiwan stocks fell 1.61 percent on Wednesday, posting its worst daily fall in three weeks, as weaker U.S. consumer confidence raised doubts over the pace of the economic recovery and prompt selling in tech shares such as UMC. The main TAIEX share index <.TWII> finished 123.39 points lower at 7,533.95, logging its worst fall since Oct. 2. The heavily weighted electronics sub-index <.TELI> fell 1.66 percent. UMC <2303.tw> fell 3.07 percent. After market close, the world's second-largest contract chip maker reported a second straight quarterly net profit that beat market expectations. [ID:nTPU001791] Turnover rose to T$111 billion ($3.4 billion) from Tuesday's T$96 billion. "It seems that Taiwan's market reacted only mildly to corporate earnings, with investors paying more attention to the outlook in the broader economy," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Concerns over a slower fourth quarter for the technology sector have begun to kick in, hurting major exporters such as AU Optronics <2409.tw> and Hon Hai <2317.tw>, both of which fell more than 2 percent. Contract laptop PC makers Quanta <2382.tw> and Compal <2324.tw>, which manufacture products for top brands such as Hewlett-Packard and Dell , fell 2.17 percent and 3.54 percent, respectively. Shares of PC vendors also fell, with Acer <2353.tw>, the world's No.2 PC brand, shedding more than 3 percent even after Acer chief executive Gianfranco Lanci told reporters that he expected the company's shipment of portable PCs to exceed 30 million units this year. [ID:nTP284862] Acer's smaller rival Asustek <2357.tw> gave up early gains to end 0.96 percent lower even after the company reported better-than-expected third-quarter earnings on Tuesday. [ID:nTP262252] "I wouldn't take an interest in PC shares right now because one: they have risen by too much, and two: we don't know that demand from North America has truly picked up," said Alvin Tang, an assistant research manager at Sinopac Securities. HOT STOCKS -- Chunghwa Telecom <2412.tw> fell 0.69 percent after a newspaper reported that it may spend about T$10 billion ($310 million) to buy a stake in Asia-Pacific Telecom. -- Cathay Financial <2882.tw>, the island's top listed financial holding firm, fell 1.81 percent after a local newspaper reported that one of its fund arms had signed a two-year agreement with China AMC, China's biggest fund management company, which will provide consulting services for a new fund that the unit is set to launch. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.61 pct Close on day 7,533.95 2009 intraday high 7,811.92 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
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Tuesday, October 27, 2009

32.480/898/ / -4.7

14:14 27Oct09 RTRS-Taiwan stocks fall; Asustek, Chi Mei up on results * TAIEX tracks losses on Wall Street, regional peers * Asustek, Chi Mei rise after better-than-expected Q3 results * Turnover is the thinnest in one month * TAIEX seen trading around 7,600 points this week (Updates indexes, adds quotes) TAIPEI, Oct 27 (Reuters) - Taiwan stocks ended down 0.14 percent on Tuesday as overnight losses on Wall Street induced profit taking, but gains in Asustek <2357.tw> provided some support after reporting better-than-expected earnings. The main TAIEX share index <.TWII> closed 11.06 points lower at 7,657.34, snapping a two-session winning streak. Turnover was the thinnest in one month at T$96 billion ($3 billion), as caution took hold before more quarterly earnings later this week. "Today is all about individual performance as companies that reported good earnings get rewarded, but they certainly do not represent the whole sector that they belong to," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. "Positive earnings were within investors' expectations and were not enough to convince them to hold on to their shares." Analysts said the index could trade around its 20-day moving average at 7,600 points this week as investors pocketed gains in technology shares that had carried the main index to a 16-month high in recent weeks. Shares of netbook PC pioneer Asustek, the second most-active stock by volume and turnover, finished 5.04 percent higher at a one-year closing high after the firm reported market-beating third-quarter net profit. [ID:nTP273583] The computer and peripheral sub-index <.TCPI> edged up 0.52 percent. Chi Mei Optoelectronics <3009.tw> climbed 1.48 percent after the LCD maker posted a forecast-beating profit in the third quarter and offered a bright outlook for demand for flat-screen TVs. [ID:nTP285412] AU Optronics <2409.tw>, the world's No. 3 flat-panel maker, declined 1.28 percent, underperforming the optoelectronics sub-index's <.TOPI> 0.21 percent fall. The main index's fall eased after heavyweight chip designer Mediatek <2454.tw> rose. Mediatek ended 0.75 percent higher and topped the session's list of most-active stock by turnover. Mediate reclaimed much of the 11 percent that it lost over the past four days after Citi reiterated its buy rating, and on news that it would work with Cheng Uei <2392.tw> to jointly design WiMax chips for use in mobile Internet devices. HOT STOCK -- Hon Hai <2317.tw>, the world's largest electronics parts maker, edged up 0.36 percent after a newspaper reported that it would work with Sony <6758.t> to enter China's market. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.14 pct Close on day 7,657.34 2009 intraday high 7,811.92 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] [M] [T] [D] [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> Tuesday, 27 October 2009 14:14:47RTRS [nTP294872] {EN}ENDS

Monday, October 26, 2009

32.394 / 510 /+7.1

14:19 26Oct09 -Taiwan stocks rise as banks, China plays gain * Financials up on Taiwan-China economic pact hopes * Asustek rises on strong 2010 shipment target * Chi Mei falls ahead of Q3 results (Updates indexes, adds quotes and details) TAIPEI, Oct 26 (Reuters) - Taiwan stocks ended up 0.25 percent on Monday as media reports that Taiwan and China could speed up negotiation on an economic agreement fuelled gains in financial shares like Chinatrust Financial <2891.tw>. The main TAIEX share index <.TWII> finished up 19.12 points at 7,668.40, giving up some of its gains earlier in the session. Turnover was thin at T$105 billion ($3.24 billion), lower than Friday's T$118 billion. "The main index got a temporary lift from China plays such as plastic and financial shares, but later succumbed to selling," said Michael On, managing director at Beyond Asset Management. Financial shares led the main index higher, with Chinatrust Financial rising 0.94 percent after local media reported that China and Taiwan could begin negotiations on an economic agreement earlier than expected. On said the main index should trade mainly between 7,600 and 7,800 this week, with companies that report better-than-expected quarterly earnings leading mild gains. "Third quarter earnings are expected to turn out well, but the broader market has already priced in much of those expectations," said Tom Tang, a vice president at Masterlink Investment Advisory. TSMC <2330.tw> and UMC <2303.tw> , the world's two largest contract chip makers, both ended flat. Both are due to report third- quarter earnings later this week. (For a preview on TSMC and UMC's quarterly results, double-click [ID:nTP185409]). The TAIEX had risen more than 65 percent since the beginning of this year as investors bet that warming ties with economic powerhouse China could help the island's export-reliant economy. In September, Taiwan logged its smallest decline in export orders since last year due to stronger demand from China. [ID:nTP295354] This helped technology companies that have greater exposure to China's market such as Hon Hai <2317.tw>, which rose 1.48 percent, while the electronics sub-index <.TELI> inched down 0.1 percent. PC shares also rose, with netbook PC pioneer Asustek <2357.tw> jumping more than 2 percent. Asustek's chief executive officer said on Friday the company aimed for its notebook PC shipments to grow faster than the overall industry in 2010 on expectations for an uptick in demand. [ID:nTP290911] Asustek's bigger rival Acer <2353.tw>, the world's No.2 PC brand, edged up 0.24 percent ahead of its third-quarter results on Friday. LCD maker Chi Mei Optoelectronics <3009.tw> fell 0.59 percent ahead of its third-quarter earnings, while the optoelectronics sub-index <.TOPI> shed 1.23 percent. The firm reported market-beating results after the market close, helped by increasing demand for tech buys. [ID:nTPU001782] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.25 pct Close on day 7,668.40 2009 intraday high 7,811.92 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
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Friday, October 23, 2009

32.398/752/ -3.4

14:14 23Oct09 RTRS-PC shares lift Taiwan stocks on upbeat outlook * Acer gains on upbeat sales forecasts * AU rises after reporting its first profit in one year * TAIEX seen trading between 7,600-7,800 pts next week (Updates indexes, adds quotes, details) TAIPEI, Oct 23 (Reuters) - Taiwan stocks rose 0.54 percent on Friday following a rebound on Wall Street, with major PC vendors Asustek <2357.tw> and Acer <2353.tw> rising after the launch of the Windows 7 operating system boosted their sales outlook. The main TAIEX share index <.TWII> closed up 41.35 points at 7,649.28, reversing a 1.21 percent loss in the previous session. The TAIEX wrapped up the week with a 0.84 percent fall. Turnover was thin at T$117 billion ($3.6 billion), compared with Thursday's T$140 billion and the daily average of T$124 billion over the past week. Microsoft released its much-anticipated Windows 7 operating system on Thursday, which may serve as an impetus to upgrade aging machines. [ID:nN21471549] Acer Inc, the world's No. 2 PC brand and netbook pioneer Asustek jumped 0.97 percent and 1.22 percent, respectively. The computer and peripheral sub-index <.TCPI> rose 0.53 percent. Acer Chairman J.T. Wang told Reuters in an interview that the company aims to boost its revenue by more than 70 percent in the next three years, helped by low-cost netbook PCs amid an improving global economy. [ID:nTP259678] "Taiwan stocks could extend gains well into next week, when more local technology companies report their quarterly earnings," said Michael On, a managing director at Beyond Asset Management. However, some analysts are less optimistic about the the main index's advances. "Some foreign investors think it is a good time to sell heavily weighted technology shares on the cautious outlook for the fourth quarter," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. AU Optronics <2409.tw> , the world's No. 3 flat-panel maker and Taiwan's biggest, jumped 0.8 percent after booking its first profit in one year. But analysts say AU could lose money again in the first quarter of next year after it forecast weaker panel prices for PCs and flat-screen TVs into the final quarter of 2009. [ID:nTP80405] AU's smaller rival Chi Mei Optoelectronics <3009.tw>, which is due to report its own third quarter earnings next week, rose 1.8 percent. The optoelectronics sub-index rose 0.7 percent. HOT STOCKS -- Electronics parts giant Hon Hai Precision <2317.tw> rose 2.65 percent to T$135.5 after Credit Suisse raised its target price on the stock to T$171, noting the company's revenue growth is expected to extend into next year. -- DRAM makers rose after South Korean peer Hynix Semiconductor <000660.ks> swung to profit after losing for eight quarters and gave a bright outlook on the sector. [ID:nSEO258462] Powerchip <5346.two>, Taiwan's top PC memory-chip maker, jumped 6.38 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.54 pct Close on day 7,649.28 2009 intraday high 7,811.92 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
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Wednesday, October 21, 2009

32.359/ 1144 / -3.3

14:24 21Oct09 RTRS-Taiwan stocks post biggest daily drop in 2 weeks * Investors sell technology shares after recent run-up * Powerchip rises after seeking state funds, profit hopes * Mediatek underperforms on negative brokerage note (Updates indexes; adds quotes, details) TAIPEI, Oct 21 (Reuters) - Taiwan stocks closed 0.67 percent lower on Wednesday, snapping a five-session winning streak, as losses on Wall Street triggered selling in technology shares, including Mediatek Inc <2454.tw>. The main TAIEX share index <.TWII> finished down 52.02 points at 7,701.50, posting its biggest single-day percentage fall in nearly two weeks. Turnover was about the same as Tuesday's T$125 billion ($3.9 billion). Chip designer Mediatek declined 0.77 percent after Deutsche Bank reiterated its "sell" rating on the stock on concerns of weaker-than-expected demand and order shifts to rival Spreadtrum. The electronics sub-index <.TELI> fell 0.67 percent. "The upward trend seemed a little shaky after the recent run up, but the fall is far from alarming as this was just a technical correction and the outlook for the broader economy is still optimistic," said John Chiu, a vice president at Fuh Hwa Securities Investment. Other tech heavyweights, such as TSMC <2330.tw> and Hon Hai <2317.tw>, also slipped. TSMC fell 0.65 percent, while Hon Hai dropped 1.13 percent. Powerchip Semiconductor Corp, Taiwan's top PC memory-chip maker, rose 3.03 percent after it submitted a proposal to the government to request funds of T$4.5 billion ($140 million) to set up a new flash memory chip company. [ID:nLK41051] Its smaller rival Nanya Tech <2408.tw> edged up 0.23 percent as it decided not to submit a restructuring plan to the government. Nanya Tech will hold its third quarter investor conference later in the day. "Fundamentals for the DRAM sector are improving along with the economy, and it is good that Powerchip decided that it would take this strategic move to ramp up its flash business," said Andrew Deng, an assistant vice president at Taiwan International Securities Corp. Taiwanese DRAM chip makers had lost money for the past year in a global downturn triggered by oversupply, but DRAM prices have rebounded recently as PC demand recovers. AU Optronics <2409.tw>, Taiwan's top flat-panel maker, fell about 2 percent. An executive of Haier Group is set to visit AU's chairman next week, paving the way for them to set up a strategic alliance in procurement, research and development and technology, a local newspaper reported. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.67 pct Close on day 7,701.50 2009 intraday high 7,811.92 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
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Tuesday, October 20, 2009

32.275/532/ +5.2

14:21 20Oct09 RTRS-Taiwan stocks edge higher, helped by tech shares * Tech shares up after Apple's solid earnings * LCDs up on news of Corning's Taiwan production disruption * PC vendors extend gains ahead of Windows 7 launch (Updates indexes, adds quotes, details) TAIPEI, Oct 20 (Reuters) - Taiwan stocks ended up 0.03 percent on Tuesday, gaining for a fifth session, with Apple's suppliers such as Quanta <2382.tw> rising after the U.S. PC brand's quarterly results exceeded analysts' forecasts. The main TAIEX share index <.TWII> finished up 2.20 points at 7,753.52 after hitting a fresh 2009 intraday high at 7,811.92 by midday. Turnover was slightly more active at T$125 billion ($3.9 billion), compared with Monday's T$112 billion. Quanta Computer, the world's largest contract laptop PC maker, rose 2.68 percent. The broader electronics sub-index <.TELI> climbed 0.31 percent. "We would've seen a pull-back if it wasn't for upbeat earnings from the United States, as the market generally expects tech companies' sales to peak in October," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. Yeh said the main index would continue taking cues from earnings results at home and in the United States, but was unlikely to see a broad-based gain any time soon as it has been hovering at a 16-month high for the past month. Electronics parts giant Hon Hai <2317.tw>, another key supplier to Apple Inc, ended flat. Hon Hai's share price has more than doubled from the begining of this year. AU Optronics <2409.tw>, Taiwan's biggest LCD maker, advanced 1.55 percent after Corning Inc said on Monday a weekend power disruption at its Taiwan plant would hurt glass production in the fourth quarter. [ID:nN19369828]. However, its gains underperformed the 3.3 percent rally in South Korean peer LG Display <034220.ks> on hopes that the glass shortage could help boost LCD prices. Taiwan President Ma Ying-jeou said on Monday the island had not considered allowing its LCD firms to make large panels on the mainland for now. [ID:nTP169514] TSMC <2330.tw> and UMC <2303.tw>, the world's two largest contract chipmakers, rose 0.98 percent and 3.32 percent, respectively, after Texas Instruments Inc posted quarterly profit and revenue that exceeded Wall Street's estimates on improving chip demand. [ID:nN19395244] HOT STOCKS -- Automobile makers such as Yulon Motor <2201.tw> fell about 2 percent after the Taiwan government's plan to levy a green energy tax starting in 2011. -- PC vendors extended their gains from the previous session on hopes the launch of Windows 7 operating system could boost PC sales. Asustek <2357.tw> jumped 3.28 percent, while the computer and peripheral sub-index <.TCPI> edged up 0.51 percent. "Their gains could be quite premature as we don't know how computer users will react to the new software," said Prudential's Yeh. ---------------------TAIEX IN PERSPECTIVE---------------- Move on day 0.03 pct Close on day 7,753.52 2009 intraday high 7,811.92 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
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Monday, October 19, 2009

32.325/ 818 / -0.39

14:17 19Oct09 RTRS-Taiwan stocks rise on PCs, Acer hits 9-year high * IBM results, Windows 7 boost PC shares * Hon Hai, Foxconn rise on report of Apple's rising shipments * Banks fall on news of delayed financial pact with China * TAIEX seen trading between 7,600 and 7,800 this week (Updates indexes, adds quotes and details) TAIPEI, Oct 19 (Reuters) - Taiwan stocks rose 0.47 percent on Monday, gaining for a fourth straight session, as positive quarterly results from IBM and the upcoming release of Microsoft's Windows 7 bolstered PC shares such as Acer <2353.tw>. The main TAIEX shares index <.TWII> closed 36.22 points higher at 7,751.32, hovering at a 16-month closing high. Acer Inc, the world's No. 3 PC brand, rose 4.04 percent to its highest closing level in nine years, while netbook pioneer Asustek <2357.tw> jumped 4.88 percent. The computer and peripheral sub-index <.TCPI> advanced 1.5 percent. "PC shares are encouraged by a combination of positive factors including upbeat earnings results from tech companies like Intel and IBM, and on growing expectation of a rebound in demand," said Vincent Ho, a fund manager at JP Morgan Asset Management. The launch of Windows 7 operating system later this week also boosted PC shares. Analysts say the TAIEX could trade in a narrow range between 7,600 and 7,800 this week. "The main index has been edging up on the back of an improving global economy, and it is unlikely that the main index would see a significant rise or pull-back because there are more people watching than trading," said JP Morgan's Ho. Turnover was thin at T$112 billion, compared with Friday's T$ 118 billion and last week's daily average of T$133 billion. Ho said Taiwan stocks would continue to take cues from earnings reports from the United States, which have bolstered the the Dow Jones and the Standard & Poor's 500 Index <.SPX> to a new high last week. Apple Inc is set to report its quarterly results later this week, followed by Microsoft , Texas Instruments Inc and Amazon.com Inc . Electronics parts giant Hon Hai <2317.tw> and Foxconn Tech <2354.tw> rose 2.31 percent and 2.42 percent, respectively, after a local newspaper reported that their client Apple was expected to raise its fourth-quarter iPhone shipments by up to 20 percent in the current quarter. But the semiconductor sub-index <.TSII> trailed losses on the Philadelphia Stock Exchange index of semiconductors <.SOXX>, which fell by 2 percent on Friday. TSMC <2330.tw>, the world's largest contract chip maker, fell 0.81 percent even after the company's chairman told local media he expected his company's sales next year to return to 2008 levels due to growing chip demand. [ID:nTP168559] Financial shares <.TFNI> was the session's top loser, falling 0.43 percent. Cathay Financial <2882.tw>, the island's top listed financial holding firm, fell 0.48 percent after a local newspaper reported that Taiwan would push back informal negotiations with China on an economic cooperation framework agreement (ECFA) to the end of the month. [ID:nTP142900] ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.47 pct Close on day 7,751.32 2009 intraday high 7,780.66 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 <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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Friday, October 16, 2009

32.300/1177/ +2.8

14:36 16Oct09 RTRS-Taiwan stocks inch to 16-mth closing high; techs slip * LCDs shares fall after LG Display f'cast lower panel prices * Banking stocks beat broader market * Mediatek helped by positive brokerage note * Analysts say TAIEX to pull back to 7,600 pts next wek (Updates indexes, adds quotes and details) TAIPEI, Oct 16 (Reuters) - Taiwan stocks inched up 0.06 percent on Friday to a 16-month closing high, with gains in financial shares offset by concerns over a weaker fourth quarter for LCD makers such as AU Optronics <2409.tw>. The main TAIEX share index <.TWII> edged up 4.7 points to 7,715.10, the highest close since June 26, 2008, finishing this week with a 1.9 percent gain. The banking and insurance sub-index <.TFNI> outperformed the broader market, rising 1.34 percent, with Cathay Financial <2882.tw> up more than 2 percent. Turnover was thin at T$118 billion ($3.7 billion), compared with Thursday's T$165 billion and a daily average of T$130 billion this week. LCD makers AU Optronics and Chi Mei <3009.tw> fell 2.41 percent and 0.58 percent, respectively, after their larger Korean peer LG Display <034220.ks> said on Thursday that average LCD panel prices would decline, while shipments were expected to rise by less than 10 percent. [ID:nSEO366638] "The market is caught between investors' unwillingness to buy at such high prices and a reluctance to sell on brighter outlook of the broader economy," said Tom Tang, a vice president at Masterlink Investment Advisory. Tang expected the main index to stage a pull-back next week, but could find support at its 10-day moving average at 7,600 points. "The effects from positive earnings have already worn off, and the main index could come under greater pressure of profit-taking in the upcoming week." Shares of TSMC <2330.tw>, the world's largest contract chip maker, fell 2.98 percent. A local newspaper reported that its chairman, Morris Chang, is likely to announce a resumption of salary rises for employees following the sector's recovery. But Mediatek <2454.tw>, the most-actively traded stock by turnover, climbed almost 3 percent after Morgan Stanley reiterated its overweight rating on Mediatek shares on fair valuation and a mild decline in the fourth quarter. Smartphone maker HTC Corp <2498.tw> advanced 2.31 percent. Its larger rival, Nokia , the world's top cellphone maker, reported its worst quarterly result after losing its smartphone market share. [ID:nLF596616] HOT STOCKS -- Electronics parts giant Hon Hai <2317.tw> fell 0.76 percent. Sources told Reuters on Thursday that the Hon Hai Group would invest more than $1 billion to build a production facility in the southwestern Chinese city of Chengdu. [ID:nTP102315] -- DRAM makers fell, with Powerchip <5346.two>, Taiwan's top computer memory chip maker, down 4.35 percent and ProMOS <5387.two> 6.84 percent lower. Taiwan Innovation Memory Co (TIMC) had requested less capital from the government as the DRAM chip sector emerges from its worst slump. [ID:nTP89400]. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.06 pct Close on day 7,715.10 2009 intraday high 7,780.66 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-cl ick 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 <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] [M] [T] [D] [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> Friday, 16 October 2009 14:36:23RTRS [nTP79519] {EN}ENDS

Thursday, October 15, 2009

32.218/872/+2.1

14:34 15Oct09 RTRS-Taiwan stocks gain, helped by techs and financials * TAIEX hits near 16-month closing high * Gains in tech shares ease after recent rally * Banks up after JPMorgan Chase results (Updates indexes, adds quotes and details) TAIPEI, Oct 15 (Reuters) - Taiwan stocks edged up 0.19 percent on Thursday, as solid earnings from major U.S. companies lifted technology exporters, such as Acer <2353.tw>. The main TAIEX share index <.TWII> finished up 14.65 points at 7,710.40, after hitting a near 16-month intraday high of 7,780.66. Turnover rose to T$165 billion ($5 billion) from Wednesday's T$148 billion. Acer, which surpassed Dell Inc in the third quarter to become the world's No. 2 PC maker, ended up 0.23 percent after rising as much as 1.22 percent in early trade. "We are seeing limited gains in major technology companies because positive earnings were within expectations and were already reflected," said Michael On, a managing director at Beyond Asset Management. TSMC <2330.tw> and UMC <2303.tw>, the world's two largest contract chip makers, gained 0.47 percent and 1.55 percent respectively. PC shares rose after research firm IDC said global personal computer shipments inched up 2.3 percent in the third quarter as the sector continued its gradual recovery. [ID:nN14253064] Intel said it was comfortable with analysts' forecast of about 10 percent growth in the PC market next year. [ID:nTP240821] But Quanta Computer <2382.tw>, fell 0.88 percent after a newspaper reported that the world's top contract laptop PC maker spent $10 million to buy the preferred shares of U.S. chip designer Tilera. Financial shares outperformed the broader board after positive earnings from JPMorgan Chase & Co . Cathay Financial <2882.tw>, the island's top-listed financial holding firm, advanced 0.84 percent. Meanwhile, a local newspaper report that China's banking regulators have approved several Chinese banks to invest in Taiwan's banks boosted smaller local financial holding firms. E.Sun Financial <2884.tw> jumped 4.69 percent, lifting the banking and insurance sub-index <.TFNI> up 0.7 percent. HOT STOCKS -- Inventec <2356.tw> fell 0.73 percent after teaming up with TPV Technology <0903.hk> in a $20 million joint venture to make all-in-one desktop computers. [nTP83008] -- AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> rose 2 percent and 0.87 percent, respectively, after analysts said leading flat screen makers are likely to report a jump in quarterly profit after strong demand and higher panel prices. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.19 pct Close on day 7,710.40 2009 intraday high 7,780.66 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 <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, 15 October 2009 14:34:21RTRS [nTP82197] {EN}ENDS

Wednesday, October 14, 2009

32.242/908/ +10.6

14:46 14Oct09 RTRS-Chip makers push Taiwan stocks near 16-mth high * Technology shares boosted by Intel's earnings, outlook * Chinatrust rises after losing bid for AIG's Nan Shan * China plays edge up on closer China ties (Adds quotes, details) TAIPEI, Oct 14 (Reuters) - Taiwan stocks rose 1.31 percent to their highest close in nearly 16 months on Wednesday, with chip makers including TSMC <2330.tw> rising after Intel reported quarterly earnings that beat market expectations. The main TAIEX share index <.TWII> closed up 99.15 points at 7,695.75, its highest closing level since June 26, 2008. Turnover was moderate at T$148 billion ($4.6 billion), compared with Tuesday's T$129 billion. TSMC , the world's largest contract chipmaker, rose 2.75 percent, while its smaller rival UMC <2303.tw> jumped 4.87 percent. "Forecast-beating results and an upbeat outlook from Intel was quite uplifting, as they eased investors' worries over a slow fourth quarter," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. TSMC and UMC topped the list of most-active stock by turnover and volume, respectively. A recovery in demand for personal computers also boosted shares of PC makers. After its stellar quarterly results, Intel told Reuters that it is comfortable with analysts' estimates of about 10 percent growth in global PC shipments next year on increasing appetite for portable computers. [ID:nTP240821] Acer <2353.tw>, the world's No.3 PC brand, rose 1.36 percent after saying its third-quarter revenue would be up about 5 percent amid a rebound in tech demand. [ID:nTP9260919] Chiu said shares of Taiwan companies with large investments in China, including food and transportation companies, could help support further gains in the main index on renewed expectations of closer trade ties with China. Top negotiators from Taiwan and China are planning a meeting in the second half of December in the island to further boost trade. [ID:nTP364107] Financial shares in Taiwan edged up before their U.S. peers report third-quarter earnings later this week. The bank and insurance sub-index <.TFNI> was up 0.61 percent. Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, reversed losses in the previous session to rise 0.93 percent, after it lost a bid to Primus on AIG's life insurance unit in Taiwan. [ID:nTP307656] HOT STOCKS -- ProMOS Tech <5387.two> jumped 6.83 percent after Hynix Semiconductor <000660.ks> said an improved global economy and the launch of Microsoft's Windows 7 operating system were expected to support demand for memory chips through the first half of 2010. -- Innolux Display <3481.tw>, the world's No.2 LCD monitor maker, rose 3.01 percent after a newspaper reported that it could supply panels to Apple . -- Chip designer Mediatek Inc <2454.tw> rose 1.2 percent after a newspaper reported that it is likely to sell the 16 million shares it owns in smaller rival ALi Corp <3041.tw> by the end of the year to focus more on its core business. ALi shares rose 4 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.31 pct Close on day 7,695.75 2009 intraday high 7,700.42 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 Kim Coghill)) ((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
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Tuesday, October 13, 2009

32.302/ 822/ -3.3

14:54 13Oct09 RTRS-Taiwan stocks end flat; LCDs up on better outlook * LCD makers jump on positive outlook for next year * Tech shares mixed before U.S. earnings reports * Chinatrust down after Primus wins bid for AIG's Nan Shan * Acer falls after giving Q3 earnings forecast (Adds quotes and details) TAIPEI, Oct 13 (Reuters) - Taiwan's main stock index pared early losses to end steady on Tuesday as financial shares fell after recent rallies and LCD makers, such as Innolux <3481.tw>, gained on optimism about their earnings outlook. The main TAIEX share index <.TWII> opened down 1.5 percent after a report said the cabinet was considering levying taxes on enterprises' gains from stock investments. But the index trimmed early losses to finish 3.28 points lower at 7,596.60 after Taiwan dismissed the report. [nTP205941] Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, dropped 2.28 percent, after Primus won the bid for AIG's Taiwan insurance unit Nan Shan Life on Tuesday. [ID:nTPU001746] The banking and insurance sub-index <.TFNI> was among the session's top losers, falling 0.9 percent. The financial sector had risen about 10 percent in the past month, outperforming the broader market's 5 percent gain. "Sentiment picked up after investors looked beyond the report on the government's plan to collect stock income taxes, and even if it was true, the plan wouldn't have taken place in the foreseeable future," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. Turnover was moderate at T$129 billion ($4 billion), compared with Monday's T$106 billion. Topping the session's most-active stock by turnover was Innolux Display, the world's No.2 LCD monitor maker. The stock soared 6.91 percent. AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> advanced 1.86 percent and 4.22 percent, respectively. Flat screen makers in South Korea and Taiwan are likely to report a jump in quarterly profit after strong demand and a shortage in raw materials boosted prices, analysts said. [ID:nSEO276654] "The LCD sector was shadowed by a bearish outlook due to falling panel prices, but sales in LCD companies are actually picking up and therefore prompted short-covering among investors," said Vincent Ho, a fund manager at JP Morgan Asset Management. Technology shares were mixed before quarterly earnings from their U.S. peers, including chip giant Intel Corp . TSMC <2330.tw>, the world's largest contract chipmaker, was up 0.98 percent, while its smaller rival, UMC <2303.tw> , ended flat. Acer <2353.tw>, the world's No.3 PC brand, fell 1.71 percent after the company said it expected to report a third-quarter net profit that meets market expectations. Acer said its shipments in the fourth quarter would climb from the preceding three months. [ID:nTP001744] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.04 pct Close on day 7,596.60 2009 intraday high 7,635.66 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 Neil Fullick)) ((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/CLOSE
For Related News, Double Click on one of these codes:[M] [T] [E] [D] [Z] [PSC] [RNP] [DNP] [PTD] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Tuesday, 13 October 2009 14:54:26RTRS [nTP310979] {EN}ENDS

Monday, October 12, 2009

32.290/647/ -1.6

14:34 12Oct09 RTRS-Taiwan stocks end up as T$ climbs, helped by plays * Companies with large land assets climb on stronger T$ * Hon Hai outperforms after solid September sales * Analysts see TAIEX between 7,400-7,700 points this week (Updates indexes, quotes) TAIPEI, Oct 12 (Reuters) - Taiwan stocks edged up 0.37 percent on Monday, as a stronger Taiwan dollar propped up shares of companies with substantial land holdings but weighed on some major technology exporters, including UMC <2303.tw>. The main TAIEX share index <.TWII> ended up 27.92 points at 7,599.88. UMC , the world's second-largest contract chipmaker, fell 0.65 percent, while the electronics sub-index <.TELI> rose 0.49 percent. Turnover was light at T$106 billion ($3.28 billion), compared with Friday's T$132 billion and last week's daily average of T$140 billion, as caution prevailed ahead of U.S. data and earnings later this week. A rising Taiwan dollar boosted shares of companies that own large land assets such as Grand Petrochemical <1312.tw> and Formosan Rubber <2107.tw>, which jumped 6.96 percent and 2.88 percent, respectively. Last Thursday, the Taiwan dollar had risen to the highest closing level in a year due to foreign fund inflows and exporters' deals. "It is an established trend that the Taiwan dollar would rise further, and this has become a concern as a stronger local currency could cause foreign exchange losses for major exporters," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. UMC's larger rival TSMC <2330.tw> ended up 0.16 percent after its quarterly sales rose by a fifth from the previous three months due to growing chip demand. [ID:nTP334864] Electronics part giant, Hon Hai <2317.tw>, the session's most-active stock by turnover, advanced 0.79 percent after reporting a 38 percent rise in September sales from August. [ID:nCT0314253] Analysts said the main index could take cues from Wall Street throughout the week as major technology companies, including Intel , are set to report their quarterly earnings. "We think the main index could trek higher, as quarterly results from technology companies in the United States could turn out quite well," said Yeh. HOT STOCKS -- Powerchip Semiconductor Corp <5346.two> jumped 6.81 percent after its venture with Japanese PC memory maker Elpida Memory Inc <6665.t> turned profitable in July-September on rising DRAM prices. [ID:nT273961] -- Chip designer Mediatek Inc <2454.tw> fell 0.4 percent even after a newspaper reported it is set to introduce new chip solutions for 2.75-generation smartphones next year. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.37 pct Close on day 7,599.88 2009 intraday high 7,635.66 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
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Friday, October 9, 2009

32.240 /948 / +1.8

14:35 09Oct09 RTRS-Taiwan stocks rise as Cathay gains on Q3 earns; TSMC up * Cathay up on improving Q3 profit * TSMC rises before posting flat sale in September * TAIEX seen trading between 7,300 and 7,700 next wk (Updates indexes, adds quotes and details) TAIPEI, Oct 9 (Reuters) - Taiwan stocks ended up 0.91 percent on Friday, paced by gains in Cathay Financial <2882.tw> and other financial shares, after their third-quarter profits improved from the previous quarter. The main TAIEX share index <.TWII> closed 68.65 points higher at 7,571.96, ending the week with a 2.16 percent gain. Cathay Financial, the island's top listed financial holding firm, rose 2.2 percent. Cathay post a net profit of T$2.466 billion in the third quarter, improving from the previous three months. [ID:nTP27067] "Investors shifted their money to financial shares from technology stocks, as tech companies have reached their peak in sales in the third quarter," said Tu Jin-lung, the chairman of Grand Cathay Investment Services. Turnover was less active at T$131 billion ($4 billion) from T$162 billion in the previous two sessions. TSMC <2330.tw> , the world's largest contract chip maker, ended up 0.33 percent. After the market closed, the company said its September sales were roughly flat from a year ago. [nTPU001740] UMC <2303.tw> , a smaller rival of TSMC, rose 0.65 percent. The company reported an 18 percent rise in September sales from a year earlier on Thursday. [ID:nTP306744] Mediatek <2454.tw>, the session's most-active stock by turnover, gained 2.75 percent, recovering from its more than 7 percent slide over the last two sessions. Market sentiment was also boosted by a newspaper report that the National Stabilisation Fund will not sell the shares it currently owns despite having made paper profit of about T$30 billion as of the September quarter. But worries over the central bank's attempt to control capital limited gains of the broader market. The Taiwan dollar hit a one-year closing high on Thursday, but it weakened on Friday with investors worried about central bank intervention to fend off speculation. [ID:nTP363135] "Foreign fund inflows have been fuelling gains in Taiwan stocks in the past few months, but foreign investors would likely be discouraged if the central banks made further moves to control liquidity," said Rayming Yu, chief investment officer at Prudential Financial Securities Investment Trust. Yu said gains in asset plays could continue to provide further support to the broader market, which is seen to trade mainly between 7,300 and 7,700 next week. Powerchip Semiconductor Corp <5346.two> surged 6.6 percent after its venture with Japanese PC memory maker Elpida Memory Inc <6665.t> turned profitable in July-September on rising prices of DRMA. [ID:nT273961] For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] --------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.91 pct Close on day 7,571.96 2009 intraday high 7,635.66 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ----------------------------------------------------------- (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:
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Thursday, October 8, 2009

32.143/ 864 / +-0

15:06 08Oct09 RTRS-Taiwan stocks fall, hurt by tech shares * Mediatek, TSMC push technology shares lower * PC shares down after Microsoft pares Windows 7 expectations * Asset plays up on stronger local currency * HTC slips on concerns of shrinking market share (Adds details) TAIPEI, Oct 8 (Reuters) - Taiwan stocks fell 1.38 percent on Thursday to back off a near 16-month closing high on Wednesday as doubts about the outlook for tech firms prompted some profit taking on recent gains. The main TAIEX share index <.TWII> closed 105.35 points lower at 7,503.31 following three days of gains. Turnover was T$161 billion ($5 billion), roughly in line with Wednesday. "Taiwan stocks paused for breath after their latest set of gains, with technology shares contributing to the session's fall as their sales have peaked and have mostly been factored in by the market," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. UMC , the world's second-largest contract chipmaker, dropped 3.14 percent ahead of its September sales report. After the market had closed, the company reported September sales rose 18 percent from a year earlier. [ID:nTPU001737] The electronics sub-index <.TELI> fell 1.93 percent. Citigroup gave a bearish outlook for UMC, saying the company could face growing pricing pressure from rivals. Shares in TSMC <2330.tw>, the world's largest contract chipmaker, fell 1.93 percent. Topping the list of most-active stocks by turnover was chip designer Mediatek <2454.tw>, which shed 4.39 percent even after reporting on Wednesday a 16 percent increase in September sales from a year earlier. [ID:nTP128196] Smartphone maker HTC <2498.tw> shed 3.33 percent after analysts from Goldman Sachs and HSBC lowered their ratings and target price on the firm on worries about its shrinking market share and smaller margins. Notebook PC makers, such as Acer <2353.tw> and Asustek <2357.tw>, also came under pressure after Microsoft said on Wednesday the effect of its next-generation Windows 7 operating system on PC sales could be muted. [ID:nL7114842] Acer was down 0.24 percent, while smaller rival Asustek slipped a bigger 1.96 percent. The broader computer and peripherals sub-index <.TCPI> was down 1.79 percent. However, firms with large land assets, including Yulon Motor <2201.tw> and Formosan Rubber <2107.tw>, jumped 2.16 percent and 3.88 percent, respectively, following a stronger local dollar. The Taiwan dollar has been cruising at a one-year high on fund inflows amid growing hopes that the global economic recovery could help riskier assets such as the local currency and Asian equities. HOT STOCKS -- Contract laptop PC maker Inventec <2356.tw> climbed 0.76 percent after a newspaper reported that it will form a joint venture with TPV Technology to manufacture All-In-One desktop PCs. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.38 pct Close on day 7,503.31 2009 intraday high 7,635.66 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 Neil Fullick)) ((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]
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Wednesday, October 7, 2009

32.180 / 0

16:53 07Oct09 RTRS-Taiwan dollar ends flat as inflows offset c.bank * Taiwan dollar hovers at one-year high * Central bank buys U.S. dollars to curb local currency gains * Fund inflows support Taiwan dollar in early trade (Updates to close) TAIPEI, Oct 7 (Reuters) - The Taiwan dollar ended flat on Wednesday, hovering at a one-year closing high, as gains in foreign fund inflows were met by central bank interventions. The Taiwan dollar rose to T$32.117 to the U.S. dollar in early trade, as the greenback came under pressure following an Australian interest rate increase that lowered demand for the safe-haven U.S. currency. Foreign fund inflows were also major contributors to the local currency's gains in early trade, dealers said. Foreign investors bought a net total of T$9.6 billion ($299 million) worth of Taiwan stocks, which climbed to their highest closing level in nearly 16 months on Wednesday. But the central bank bought U.S. dollars to curb gains, dealers said. "The central bank was behind more than half of the trades today," said a dealer in Taipei. The central bank has intervened aggressively over the past week by buying U.S. dollars to pare gains in the Taiwan dollar and help the island's numerous export-reliant companies. Taiwan's exports in September fell 12.7 percent from a year earlier, logging the smallest decline since October last year. [ID:nTP228644] 0800 GMT PREVIOUS DAY T$ (Taipei Forex Inc) 32.180 32.180 Volume in $ mln (Taipei Forex Inc) 1,046 1,386 T$ (Cosmos) 32.140 32.167 Six-month NDFs -0.730/-0.680 -0.810/-0.760 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Rachel Lee; Editing by Chris Lewis) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Wednesday, 07 October 2009 16:53:49RTRS [nTP280527] {EN}ENDS

32.180/1046 / +9.6

14:36 07Oct09 RTRS-Taiwan stocks end at 16-mth high, helped by banks * Stronger T$ boosts asset shares but hurts tech exporters * HTC up after reporting weak Q3 results * DRAM shares gain on better revenue prospects (Updates indexes; adds quotes, details) TAIPEI, Oct 7 (Reuters) - Taiwan stocks rose 0.96 percent on Wednesday to a 16-month closing high, with banking shares such as Cathay Financial <2882.tw> boosted by a strong local currency and expectations of an interest rate hike. The main TAIEX share index <.TWII> finished up 72.61 points at 7,608.66, its highest close since June 26, 2008. Turnover was a healthy T$160 billion ($5 billion), compared with Tuesday's T$149 billion and an average of about T$100 billion over the last week. "Foreign buying and a stronger local currency boosted financial and construction shares," said Eddy Chen, a vice president at National Investment Trust Co Ltd. The Taiwan dollar rose to a one-year high on Tuesday as the U.S. dollar came under pressure following a hike in Australian interest rates, raising expectations among some investors that Taiwan's central bank could soon follow suit. Foreign investors bought a net total of T$9.6 billion worth of stocks on Tuesday, after unloading T$10 billion worth on Monday. [ID:nTP122059] Cathay Financial, the island's top listed financial holding firm, surged 5.22 percent, leading the banking and insurance sub-index <.TFNI> up 2.58 percent. The rising Taiwan dollar also helped boost shares of real estate companies such as Farglory <5522.tw>, which jumped 4.5 percent, as the stronger local currency would make imports of raw material cheaper for property developers. But the strong local currency hit export-reliant technology stocks, with top contract chipmaker TSMC <2330.tw> slipping 0.48 percent and its smaller rival UMC <2303.tw> down 0.62 percent. "I would stay away from technology shares for now, because they've become too pricey and the sector's outlook in the fourth-quarter is quite gloomy," said Chen. HOT STOCKS -- Mediatek <2454.tw>, which designs chips for mobile phones, DVD players and flat-screen TVs, slid 3.21 percent after it reported a 6.4 percent fall in September sales. [ID:nTP128196] -- HTC Corp <2498.tw>, the world's No. 4 smartphone brand, rose 1.41 percent, even after it reported worse-than-expected quarterly results on Tuesday. [ID:nTP206011] -- Powerchip <5346.two>, Taiwan's largest DRAM chipmaker, rose 0.67 percent after research firm Gartner said global semiconductor revenue could grow about 10 percent next year after two years of declines. [ID:nTP204996] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.96 pct Close on day 7,608.66 2009 intraday high 7,619.03 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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Tuesday, October 6, 2009

dl r

17:17 06Oct09 RTRS-Taiwan dollar firms, but c.bank intervenes * Foreign fund inflows, exporters push Taiwan dollar higher * C.bank buys US$, calls dealers to curb Taiwan dollar gains * Australia rate decision boosts Asian currencies (Updates to close) TAIPEI, Oct 6 (Reuters) - The Taiwan dollar rose for a second straight day on Tuesday as a result of foreign fund inflows and exporter deals, but the central bank curbed the local currency's gains by buying U.S. dollars. "A rise in the local stock market attracted foreign funds," said a dealer in Taipei. "Investor appetites for risky assets increased amid a growing sense that the global economic crisis could really come to an end after the Australian government raised interest rates." Dealers said exporter deals also helped the local currency's rise during the session. Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent rate on Tuesday, saying it was safe to row back on stimulus measures now that the worst danger for the economy had passed. [ID:nSYD520296] On Tuesday, foreign institutions bought a net of T$9.6 billion ($298 million) in Taiwan stocks <.TWII>. The index closed up 1.32 percent. The central bank bought the U.S. dollar during the session to curb the local currency's gains. "The central bank bought U.S. dollars half an hour before the market closed to prevent the Taiwan dollar from rising to much and too quickly," said a second dealer in Taipei. In early trade, a few dealers said they either received or heard that the central bank was making calls to enquire about banks with bigger U.S. dollar selling deals, though less aggressively than last week. Last week, the central bank aggressively bought U.S. dollars and called or visited banks to check on their deals. On Thursday and Friday, it bought so many U.S. dollars that the Taiwan dollar ended weaker. The central bank has been trying to steer the Taiwan dollar to trend stronger gradually as it wants to protect exporters, the mainstay of the island's economy. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.180 32.255 Volume in $ mln (Taipei Forex Inc) 1,386 1,001 T$ (Cosmos) 32.167 32.253 Six-month NDFs -0.810/-0.760 -0.830/-0.770 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges close at 0800 GMT. Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Roger Tung and Joan Hsu; Editing by Chris Lewis) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
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31.180 / 1386/ +9.6

14:06 06Oct09 RTRS-Taiwan stocks end higher led by PC shares * Compal up after selling display subsidiary to Innolux * Chinatrust up on report it lost bid for AIG's Taiwan unit * TAIEX seen trading 7,500 and 7,600 this week (Adds quotes, details) TAIPEI, Oct 6 (Reuters) - Taiwan stocks ended up 1.32 percent on Tuesday, with Compal Electronics rising <2324.tw> after Innolux Display Corp <3481.tw> said it would acquire the laptop PC maker's display subsidiary. The main TAIEX share index <.TWII> finished 98.07 points higher at 7,536.05, tracking overnight gains on Wall Street and outperforming regional bourses. Compal Electronics, the world's No.2 contract laptop PC maker, jumped 3.71 percent, sending the computer and peripheral equipment sub-index <.TCPI> up 2.68 percent. Taiwan's Innolux Display Corp <3481.tw>, the world's No.2 LCD monitor maker, will acquire small-display maker TPO Displays <3195.two>, of which Compal owned 29 percent, via a share swap. "Not only did Compal remove a financial burden by selling TPO Displays, it can also claim part of TPO's future earnings," said Angela Hsiang, an analyst at KGI Securities. Other PC companies also gained, with Acer <2353.tw> rising 1.01 percent after a local newspaper cited company Chairman J.T. Wang as saying he expects 10 percent revenue growth in the fourth quarter from the preceding three months. Key technology exporters including Taiwan Semiconductor Manufacturing Co Ltd (TSMC) <2330.tw> gained ground after U.S. data showed a rebound in the services sector. TSMC, the world's largest contract chipmaker and the session's most active share by turnover, was up 0.65 percent. Shares of smartphone maker HTC <2498.tw> lagged the big board, rising 0.71 percent ahead of its third-quarter earnings, which are expected later on Tuesday. Turnover was a healthy T$146 billion ($4.5 billion), compared with Monday's T$95 billion and last week's daily average of about T$108 billion. "Foreign buying into Taiwan stocks has slowed since the beginning of October because they've become too expensive," said Alex Huang, a research director at Mega International Securities Co, who expects the main index to extend mild gains until the end of this week, trading between 7,500 and 7,600. The TAIEX has gained more than 60 percent since it hit a trough in January early this year. Financial shares <.TFNI> also rode on the upbeat momentum to close 1.47 percent higher, with Cathay Financial <2882.tw>, the island's top listed financial holding firm and the session's most active stock by volume, rising 2.86 percent. Chinatrust Financial <2891.tw> rose 2.37 percent after a local newspaper said it had lost in a bid for AIG's Taiwan insurance unit Nan Shan Life to Primus Financial. [ID:nTP89587] In September, sources told Reuters that Chinatrust Financial had offered $2.4 billion for Nan Shan, outbidding rivals. [ID:nTP89587] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.32 pct Close on day 7,536.05 2009 intraday high 7,599.62 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
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