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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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