32.350-32.290/ 1033/ -11.9

13:57 20Nov09 RTRS-Taiwan stocks hit 1-week closing low; TSMC falls * Weaker earnings at Dell hurt laptop PC makers * Mediatek jumps after patent arrangement with Qualcomm (Adds details) TAIPEI, Nov 20 (Reuters) - Taiwan stocks fell 1 percent on Friday to a one-week closing low, as investors shunned big technology names, including TSMC <2330.tw>, in a cautious mood on the strength of the technology sector's recovery. Taiwan's main TAIEX share index <.TWII> closed down 77.01 points at 7,682.97, following weakness on Wall Street. Turnover fell to T$133 billion ($4.1 billion) from T$137 billion in the previous day. Top contract chip maker TSMC , which sells the bulk of its chips to North America, dropped 1.9 percent, pulling the broader electronics sub-index <.TELI> 0.9 percent lower. The financial sub-index <.TFNI> fell 1.6 percent. "The U.S. markets were a bit volatile after recent gains but don't worry too much about that because the global economy is going in a direction that we think is okay," said John Chiu, a fund manager at Fuh Hwa Securities Investment Trust. Suppliers to Dell weakened after the U.S. PC maker posted falling quarterly earnings on lower-than-expected sales. [ID:nN19191886] Quanta Computer <2382.tw>, the world's top contract maker of laptop comptuers, fell 2.6 percent, and rival Compal Electronics <2324.tw> slid 1.9 percent. "Unless Christmas sales (of technology products) are very good, we don't think the market can rebound significantly," said Alex Huang, director of Mega Interational Securities. However, Huang said the TAIEX could see initial support at the 20-day moving average near 7,600 points next week. Chip desinger Mediatek <2454.tw> was a bright spot, jumping 1.7 percent after the company and Qualcomm entered into a patent arrangement. [ID:nWNAB8303] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.99 pct Close on day 7,682.97 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ----------------------------------------------------------- (T$1= $32.4) (Reporting by Baker Li; Editing by Jonathan Hopfner) ((baker.li@thomsonreuters.com; +886 2 2508-0815; Reuters messaging: baker.li.reuters.com@reuters.net)) ((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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