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14:38 10Nov09 RTRS-Taiwan stocks end at 2-wk high, HTC leads gains * HTC jumps on hopes of better Q4 revenue on stronger demand * UMC pairs gains after reporting weaker sales in October (Updates indexes, adds quotes and details) TAIPEI, Nov 10 (Reuters) - Taiwan stocks ended up 0.75 percent at a two-week closing high on Tuesday after a broad-based rally on Wall Street and positive exports data raised hopes for better demand, prompting buying in tech exporters such as HTC. The main TAIEX share index <.TWII> closed up 56.79 points to 7,593.49, rising for a third straight session and marking its highest finish since Oct. 27. Smartphone maker HTC <2498.tw>, the world's No.4 smartphone brand, was the most-active stock by turnover and jumped 3.43 percent, sending the electronics sub-index <.TELI> 0.98 percent higher. HTC said on Monday it expects fourth quarter revenue to jump more than 20 percent from the previous quarter, helped by stronger consumer demand ahead of the peak shopping season. [nTPU001839] Analysts said the main index also benefitted from increasing risk appetite as leaders of G20 countries pledged to keep stimulus measures in place for an extended period of time as part of efforts to help a nascent recovery. Turnover rose to T$96 billion ($3 billion) from Monday's T$77 billion, but was still insufficient to push the main index above 7,600 points as concerns over weaker earnings lingered. "Economic data have generally pointed to a firmer recovery, but part of that optimism has already been factored in by foreign buying previously," said Yu Rayming, the chief investment officer at Prudential Financial Securities Investment Trust. "There has been anticipation of some waning in momentum due to expections of weaker corporate earnings, especially in tech firms in the current quarter," said Yu. Taiwan logged its smallest percentage drop in exports in a year on Monday due to rising demand from China. [ID:nTP249578] UMC <2303.tw> , the world's second-largest contract chip maker, pared earlier gains to end the session 0.64 percent lower after it said on Monday that October sales rose 18 percent from a year earlier -- a result lower than a two-year high reached in September, showing signs of weakness in technology demand.[ID:nTP301633] UMC's larger rival TSMC <2330.tw> rose 0.83 percent after Wells Fargo raised its 2010 growth projection for chip makers [ID:nN09265661]. The semiconductor sub-index <.TSII> ended up 1.30 percent. While upstream tech giants could suffer from weaker corporate earnings in the fourth quarter, downstream tech companies could see a delay in sales slowdown ahead of the year-end holiday season, analysts said. PC makers Acer <2353.tw> and Asustek <2357.tw>, jumped 0.79 percent and 2.92 percent, respectively, lifting the computer and peripheral sub-index <.TCPI> 0.82 percent higher. Financial shares took a breather after their recent rally and as the timing and location for a signing ceremony for a cross-straits financial pact remained uncertain. [ID:nTP229390] The banking and insurance sub-index <.TFNI> inched down 0.07 percent. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.75 pct Close on day 7,593.49 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
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