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/
[Story not fully loaded, incomplete text]