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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/
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