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/
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