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/
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