32.553/ 666 / -7.8

14:38 02Nov09 RTRS-Taiwan stocks end flat, Quanta rises on better outlook * TAIEX ends at one-month closing low * Hon Hai rises following solid Q3 results * Mediatek rises on positive brokerage notes * Banks, China plays fall on news of a delayed China pact (Updates indexes, adds quotes and details) TAIPEI, Nov 2 (Reuters) - Taiwan stocks erased most of their early losses to end flat on Monday, with technology companies such as Quanta <2382.tw> leading gains after the company reported solid quarterly earnings and forecast a stronger outlook. The main TAIEX share index <.TWII> inched down 4.9 points to close at 7,335.18, after hitting its lowest intraday level in 1-½ months in the early session as banks and China plays fell on the delayed negotiation of an economic pact with China. Quanta, the world's largest contract laptop PC maker, jumped 4 percent after it said it expected unit shipments to climb about 40 percent in 2010 due to strong demand. [ID:nTP351825] The electronics sub-index <.TELI> was up 0.07 percent. "We could bet on solid corporate earnings in the short term, but as the earnings season winds down, we need to bring our focus to economic fundamentals," said Eddy Chen, a vice president at National Investment Trust Co Ltd. Turnover was light at T$84 billion ($2.6 billion), compared with Friday's T$102 billion and last week's daily average of T$112 billion. Analysts said investors have grown cautious toward Taiwan stocks on concerns that economic growth won't be able to sustain the main index's 65 percent rally so far this year. "Investors would scrutinise economic data such as the ISM (Institute for Supply Management) report from the United State for further directions," said Chen. Financial shares and China plays were hurt by a local newspaper report that China had called off the fourth round of informal negotiations with Taiwan on a much anticipated free trade agreement-like deal called the Economic Cooperation Framework Agreement (ECFA). Chinatrust Financial <2891.tw>, the island's top credit card issuer, dropped 1 percent, sending the banking and insurance sub-index <.TFNI> down 0.12 percent. China plays, including tourism shares <.THOI> and transportation shares <.TTPI>, fell 0.74 percent and 0.88 percent, respectively. Technology shares shrugged off sharp losses on Wall Street, with electronics parts giant Hon Hai <2317.tw> rising 0.38 percent after it reported stronger-than-expected quarterly results on Friday. [ID:nTPU001816] Chip designer Mediatek <2454.tw> topped the list of most-active stocks by turnover, jumping 4.62 percent after Morgan Stanley and Merrill Lynch raised their ratings on the stock on strong demand for handset units and fair valuation. Mediatek said on Friday it expected its fourth quarter gross profit margins and sales to be slightly lower than the third quarter. [ID:nTPU001809]. But Powerchip <5346.two>, Taiwan's biggest DRAM chipmaker, slipped 4.56 percent after it reported a net loss for the past three months. [ID:nTPU001815] HOT STOCKS -- Taiwan's ASE <2311.tw>, the world's largest chip packaging and testing company, jumped 3.44 percent after it said on Friday it had increased its 2009 capex budget and posted a market-beating third-quarter net profit. [ID:nTPU001811] -- Senao <2450.tw> advanced 1.81 percent after analysts predicted its earnings per share to reach T$4.40 this year after the distributor of electronic products booked earnings per share of T$3.34 for the first three quarters of the year. ---------------------TAIEX IN PERSPECTIVE---------------- Move on day -0.07 pct Close on day 7,335.18 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 <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/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Monday, 02 November 2009 14:38:08RTRS [nTP156096] {EN}ENDS



DLR


16:39 02Nov09 RTRS-Taiwan dlr eases on fund outflows; exporters offset * Weaker local stocks trigger foreign fund outflows * Exporters sell U.S. currency at favourable prices * Taiwan dlr seen trading between T$32.5 and T$32.6 this week (Updates to close) TAIPEI, Nov 2 (Reuters) - The Taiwan dollar fell on Monday as weaker local stocks triggered fund outflows, but exporter deals curbed the local currency's losses. The Taiwan dollar dipped as low as T$32.685 in early trade, but erased some of those losses later in the session. "Exporters were waiting in line to sell their U.S. dollars, which helped offset outflows by foreign investors," said a dealer in Taipei. On Monday, foreign institutions sold a total T$7.8 billion ($240 million) worth of Taiwan stocks <.TWII>, which fell for a fifth straight session. Affecting sentiment locally, China called off the fourth round of informal negotiations with Taiwan on a free trade agreement-like deal called the Economic Cooperation Framework Agreement (ECFA), saying it needed more time to prepare, Taiwan's Commercial Times reported on Monday. Further pressuring the Taiwan market, the U.S. dollar clung to its gains as jittery investors cut back long positions in growth-linked currencies. [ID:nSYD434776] Dealers said the local currency should trade between T$32.5 and T$32.6 this week as investors monitor global stock markets and await more economic data to gauge direction for the Taiwan dollar. In the offshore non-deliverable forwards (NDFs) market, six-month NDFs narrowed on Monday, indicating that the local currency is widely expected to strengthen by a smaller degree in half a year. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.553 32.535 Volume in $ mln (Taipei Forex Inc) 666 616 T$ (Cosmos) 32.550 32.527 Six-month NDFs -0.650/-0.600 -0.690/-0.640 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 Joan Hsu; Editing by Jacqueline Wong) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [Z] [MF] [D] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Monday, 02 November 2009 16:39:56RTRS [nTP119100] {EN}ENDS