TWN Market Update

32.350-32.290/ 1033/ -11.9

2009-11-20T00:59:00.000-08:00

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
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> Friday, 20 November 2009 13:57:59RTRS [nTP302593] {EN}ENDS

32.120/1309/ 18.6

2009-11-17T00:39:00.000-08:00

14:32 17Nov09 RTRS-Taiwan stocks fall, financials down after China deal * TAIEX off near-17 month closing high * Financial shares weaken after recent rally * Chi Mei extends gains after Innolux deal (Updates indexes, adds quotes and details) TAIPEI, Nov 17 (Reuters) - Taiwan stocks ended down 0.76 percent on Tuesday as investors sold banking stocks, including Cathay Financial <2882.tw>, that had risen sharply ahead of the implementation of a financial services pact with China. Taiwan signed the much-anticipated agreement with China on Monday, allowing its banks to tap China's massive market and paving the way for banks on both sides to invest in each other. [ID:nTP239088] The main TAIEX share index <.TWII> closed down 59.47 points at 7,733.21, weighed down by a 2.49 percent fall in sub-index of financial companies <.TFNI>. Turnover spiked to a two-week high of T$146 billion ($4.5 billion) from Monday's T$123 billion. "The fall in financial shares was within expectations, with investors pocketing gains before the stocks pull back even further," said Bevan Yeh, said a senior fund manager at Prudential Securities Investment Trust. Cathay Financial, the island's top-listed financial holding firm, dropped 2.46 percent. Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, dropped 3.33 percent. Financial shares have jumped more than 50 percent so far this year on expectations the MOU will help banks establish a foothold in the Chinese market. The gain lifted the TAIEX up about 70 percent in the same period. Analysts said the MOU was merely a document acknowledging that Taiwan and China could open financial markets to each other, giving no details on whether Taiwan companies would be allowed into the mainland market. Details for Taiwanese and Chinese financial firms investing in each other are due to be discussed in a free trade-style pact, known as the economic cooperation framework agreement (ECFA), which is not expected to be signed until 2010. "The Taiwanese market could lose momentum amid a lack of fresh trading stimulus, as major events that helped uphold the main index's recent gains have already taken place," said Yeh. LCD makers offered support to the broader board, with Chi Mei Optoelectronics <3009.tw> up 6.72 percent. The stock has risen 14 percent in the past two days after it announced a merger with Innolux Display Corp <3481.tw> on Saturday. But analysts warned that LCD shares could be overbought and face selling pressure in the next couple of days. Innolux, the third most-active stock by volume and turnover, dropped 4.96 percent. TSMC <2330.tw> and UMC <2303.tw> helped curb losses, rising 0.32 percent and 0.59 percent, respectively, as they tracked gains by chip giant Intel and the Philadelphia semiconductor index <.SOXX>. The United States, Taiwan's second-largest export market, showed a brisk 1.4 percent rise in October retail sales, raising hopes upbeat consumer sentiment could boost holiday sales. [.N] Taiwan's top PC brand Acer <2353.tw> rose 0.73 percent and Asustek <2357.tw> 1.09 percent, respectively. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.76 pct Close on day 7,733.21 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 Chris Lewis)) ((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
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32.339/1115/ +6.0

2009-11-13T00:30:00.001-08:00

14:55 13Nov09 RTRS-Taiwan stocks end flat, LCDs offset falling banks * Banks lose steam after recent gains * LCD makers rally on stronger sales outlook next year * Chi Mei rises after reports of tie-ups with Hon Hai, AU (Updates indexes, adds quotes and details) TAIPEI, Nov 13 (Reuters) - Taiwan stocks slid 0.07 percent on Friday, snapping a five-session winning streak, as investors sold financial shares after recent gains, but LCD makers such as Chi Mei <3009.tw> curbed losses on prospects of improving demand. The main TAIEX share index <.TWII> edged down 5.3 points to end at 7,665.63, but finished the week 2.7 percent higher. Turnover was thin at T$91 billion ($2.8 billion), compared with T$112 billion on Thursday. Profit taking and a lack of fresh momentum for an expected financial agreement with China sparked selling in banking stocks such as Cathay Financial <2882.tw>, which ended 1.16 percent lower. Taiwan's top finance regulators reiterated in local newspaper reports on Friday that Taiwanese banks would not be immediately open to Chinese investments even after a financial memorandum of understanding (MOU) is signed by the two sides. "Sentiment cooled off following overnight losses on Wall Street and lack of progress on the financial MOU with China, but the thin trade prevented the main index from a bigger fall," said Vincent Ho, a fund manager at JP Morgan Asset Management. Some tech exporters slid on worries over slower consumer spending in the United States after retail giant Wal-Mart forecast earnings that could miss Wall Street's consensus estimates. Netbook pioneer Asustek <2357.tw> closed down 1.08 percent. But LCD stocks gained on stronger sales outlooks for 2010. AU Optronics <2409.tw>, the world's No.3 flat panel maker, jumped 1.77 percent, sending the optoelectronic sub-index <.TOPI> 1 percent higher. Chi Mei Optoelectronics extended its rally from the previous session, finishing up 4.44 percent. Chi Mei's gains were helped by media reports that AU and electronics parts giant Hon Hai <2317.tw> have approached it about a possible merger, analysts said. "Consensus for the LCD and the entire technology sector was much too pessimistic given lower inventory and positive October sales," said JP Morgan's Ho, referring to previous losses in the LCD shares. Research firm DisplaySearch said the global LCD market was likely to face a supply shortage from the second quarter of 2010 as demand picks up after the current seasonal weakness. [ID:nTP92187] In a report, HSBC <0005.hk> raised its forecasts for LCD TV shipments in 2010 on growing demand in markets such as China, Japan and the U.S. ---------------------TAIEX IN PERSPECTIVE-------------- Move on day -0.07 pct Close on day 7,665.63 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ---------------------------------------------------------- ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((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
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dlr

2009-11-12T01:57:00.001-08:00

17:23 12Nov09 RTRS-Taiwan dollar softens on fund outflows, importers * Taiwan dollar falls after rising for six straight sessions * Investors cover short positions on stabilised U.S. dollar * Taiwan importers buys U.S. dollars at T$32.300 (Updates to close) TAIPEI, Nov 12 (Reuters) - The Taiwan dollar fell on Thursday, after rising for six straight sessions, as foreign investors and exporters bought U.S. dollars. Taiwan's currency reached T$32.223 to the U.S. dollar in early trade, its highest intraday price since Oct. 16, but reversed course to end lower at T$32.330. "The Taiwan dollar fell slightly as investors went short covering on the greenback, since it hadn't slumped any further," said a dealer in Taipei. Overseas, the U.S. dollar was little changed on Thursday, struggling amid growing calls for Asian currencies to trade more freely, meaning appreciate, but supported by profit-taking on recent gains in other currencies like the euro. [ID:nLC116740] Taiwan importers, who need foreign currency for cash needs overseas, bought U.S. dollars at the favourable rate of T$32.30, in turn pressuring it. The local currency was further pressured as the island's central bank bought U.S. dollars. The monetary authority keeps the Taiwan dollar in a managed float and buys U.S. dollars occasionally to head off fluctuations it deems excessive. In the offshore non-deliverable forwards (NDFs) market, six-month NDFs narrowed, indicating that the local currency is widely expected to strengthen by a smaller degree in half a year. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.330 32.310 Volume in $ mln (Taipei Forex Inc) 994 808 (Cosmos) 32.320 32.295 Six-month NDFs -0.690/0.640 -0.740/-0.690 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 and Roger Tung; Editing by Chris Lewis) ((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] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Thursday, 12 November 2009 17:23:54RTRS [nTP227929] {EN}ENDS

32.330/ 994 / +6.0

2009-11-12T01:05:00.000-08:00

14:54 12Nov09 RTRS-Taiwan stocks end flat; tourism shares, Chi Mei gain * Tech heavyweights lose steam following recent rallies * Tourism shares gain on hopes of more Chinese visitors * Innolux up as it seeks $1.5 bln loan for LCD expansion (Updates indexes; adds quotes and details) TAIPEI, Nov 12 (Reuters) - Taiwan stocks edged up 0.04 percent on Thursday as gains in tourism shares and LCD maker Chi Mei Optoelectronics <3009.tw> offset selling in tech heavyweights such as Hon Hai <2317.tw> following recent rallies. The main TAIEX share index <.TWII> climbed 2.87 points to end at 7,670.93, after rising for four straight sessions and hitting a 2-week closing high on Wednesday. "Foreign investors contributed to a steady inflow into the market based on overall bullish sentiment, but temptation to take profit grew following tech shares' recent gains," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Turnover rose to T$111 billion ($3.44 billion) from Wednesday's T$102 billion. Analysts said attractive valuations and a strong sector outlook prompted buying in some LCD shares. LCD maker Chi Mei Optoelectronics surged 4.96 percent, helping push the broader optoelectronics sub-index <.TOPI> 0.58 percent higher. Innolux Display <3481.tw>, the world's No.2 LCD monitor maker, ended 0.64 percent higher. Innolux is set to sign a T$48 billion ($1.5 billion) syndicated loan with 19 banks next Tuesday, two sources with knowledge of the deal told Reuters on Wednesday. [ID:nTP285121]. Leofoo Development Co <2705.tw> and other tourism plays added gains to the broader board. Leofoo jumped more than 4 percent on a local newspaper report that more tourists from China were expected to visit the island next year. Electronics parts giant Hon Hai <2317.tw> dropped 1.13 percent on profit taking from a recent rally, helping send the electronics sub-index <.TELI> 0.08 percent lower. ProMos Tech <5387.two>, Taiwan's NO.3 DRAM memory chipmaker, slumped 6.7 percent on profit taking and negative sentiment after lawmakers vetoed a plan to inject government funds to state-backed chipmaker TIMC. Lower weighting on the MSCI Taiwan Index also prompted selling, analysts said. On Thursday, MSCI deleted 6 stocks from its Taiwan index, including chip designer VIA Technologies <2388.tw> and security services provider Taiwan Secom Co Ltd <9917.tw>. (Click [ID:nN11332167] for the list of MSCI deletions]) VIA Technologies slumped nearly 4 percent, while Taiwan Secom shed 3.13 percent. "Falls in shares that were kicked off Taiwan's MSCI list weighed on the overall market and kept some foreign and domestic investors on the sidelines," said Fuh Hwa's Chiu. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.04 pct Close on day 7,670.93 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 Jonathan Hopfner)) ((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
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DLR

2009-11-11T01:02:00.001-08:00

17:01 11Nov09 RTRS-Taiwan dollar edges higher on exporters, fund inflows * T$ crawls to fresh 3-week high on inflows, exporters * T$ tracks upward-bound peers on positive data from China * Market reacts mildly to Taiwan's capital controls (Updates to close) TAIPEI, Nov 11 (Reuters) - The Taiwan dollar edged higher in skittish trade on Wednesday, supported by gains in local stocks and exporter sales of U.S. dollars, a day after the central bank took steps to ban currency speculation. The Taiwan dollar closed at T$32.310, its highest finish since Oct 20. "The Taiwan dollar was boosted by inflows to local stocks," said a dealer in Taipei. "It also tracked gains in some other Asian currencies on positive Chinese economic data." Inflows ame in part from foreign institutions, which bought a net T$11 billion ($340 million) in Taiwan stocks <.TWII>, helping push them up almost 1 percent. Exporter sales of U.S. dollars pushed the Taiwan dollar higher. Exporters seek the local currency for cash needs at home. Also supporting the local currency were favourable data from China, which buoyed the appeal of risky assets such as emerging Asian currencies. On Tuesday Taiwan banned foreign funds from investing in time deposits, a move that appeared to be aimed at deterring bets on currency appreciation. [ID:nTP305449] Market reaction to the ban was mild, as it was difficult to estimate the size of existing deposits and when they would mature. [ID:nSP13884] Taiwan's central bank, which keeps the currency in a managed float and steps in to control sudden fluctuations, bought U.S. dollars on Wednesday to head off any big gains, dealers said. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.310 32.349 Volume in $ mln (Taipei Forex Inc) 808 889 (Cosmos) 32.295 32.342 Six-month NDFs -0.740/-0.690 -0.740/-0.700 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 and Roger Tung; Editing by Jonathan Hopfner) ((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] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Wednesday, 11 November 2009 17:01:50RTRS [nTP341919] {EN}ENDS

32.310/808/ +10.9

2009-11-11T00:28:00.000-08:00

14:45 11Nov09 RTRS-Taiwan stocks close at 2-wk high, TSMC lifts techs * Chipmakers rally; TSMC jumps following lawsuit settlement * Winbond gains on outsourcing agreement with Elpida (Updates indexes, adds quotes and details) TAIPEI, Nov 11 (Reuters) - Taiwan stocks ended up 0.98 percent at a fresh 2-week closing high on Wednesday, led by a rally in chipmaker TSMC <2330.tw> after it settled a lawsuit with rival SMIC <0981.hk>. The main TAIEX share index <.TWII> rose for a fourth straight session, finishing up 74.57 points at 7,668.06, its highest close since Oct. 26. TSMC <2330.tw> the world's largest contract chipmaker, jumped 2.81 percent after SMIC, China's largest contract chipmaker, said on Tuesday that it would pay $200 million and give the right to purchase up to 10 percent of the company to TSMC to settle lawsuits between the two. [ID:nTP302150] Its smaller rival UMC <2303.tw> jumped nearly 5 percent, sending the semiconductor sub-index <.TSII> 2.49 percent higher. "An alliance with SMIC could secure TSMC's leading position in the sector and help stabilise chip prices, thereby improving the health of the entire foundry sector," said Terry Kuo, a fund manager at Taishin Investment Trust Co Ltd. Dynamic random access memory (DRAM) chipmaker Winbond Electronics Corp <2344.tw> surged more than 6 percent on an outsourcing agreement with Japanese DRAM chip maker Elpida Memory <6665.t>. Analysts said the main index saw mild fund inflows after Taiwan banned foreign investors from putting money in time deposits as part of an effort to curb currency speculation. [ID: nTP305449] Turnover rose to T$102 billion ($3.15 billion), up from Tuesday's T$96 billion. The Taiwanese market has climbed more than 64 percent this year, and is currently the third-best performing index among 30 tracked by Thomson Reuters. But fears that there will be a delay in signing a much-anticipated financial pact with China may weigh on gains in the short-term, analysts said. "Foreign investors became less enthusiastic about Taiwan stocks amid a lack of fresh incentives to trade with quarterly results out of the way and a delay in several trade pacts with China," added Taishin's Kuo. On Tuesday, a local media report said Taiwan's premier wanted regulators to explain the details of the financial pact with China to legislators before they sign it [ID:nTP205565]. Investors have also been betting that closer ties with China would be good for Taiwan's technology exporters, analysts said. Netbook pioneer Asustek <2357.tw> jumped 1.57 percent after it signed a $350 million supply agreement with China's Suning Appliance Co <002024.sz>. [ID:nHKG297248] AU Optronics <2409.tw>, the world's No.3 LCD maker, advanced 1.13 percent after securing orders from a procurement delegation from China. ----------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.98 pct Close on day 7,668.06 2009 intraday high 7,811.92 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((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] [MF] [Z] [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> Wednesday, 11 November 2009 14:45:58RTRS [nTP333517] {EN}ENDS

dlr

2009-11-10T01:11:00.001-08:00

17:06 10Nov09 RTRS-Taiwan dlr at 3-wk high on inflows, exporters * T$ rises for 5th session on fund inflows, stocks * Low U.S. rates dent the greenback's safe-haven appeal * Central bank sells US$ to curb gains, dealers say (Updates to close) TAIPEI, Nov 10 (Reuters) - The Taiwan dollar rose for a fifth straight session to a three-week closing high on Tuesday due to foreign fund inflows, exporter deals and low greenback demand amid expectations that U.S. interest rates will stay low. The Taiwan dollar rose to T$32.277 in the morning but gave up some gains to end at T$32.349, the strongest close since Oct. 20. "The Taiwan dollar got a lift as the U.S. dollar weakens globally on low interest rates, with fund inflows in local equities and exporters deals adding further support," said a dealer in Taipei. On Tuesday, foreign institutions bought a net T$8.8 billion ($272 million) in Taiwan stocks <.TWII>, which rose 0.75 percent. Exporters also helped push the local currency higher as they actively bid for the Taiwan dollar between T$32.330 and T$32.360 for cash requirements at home, said dealers. In global markets, the U.S. dollar hovered near a 15-month low against a basket of currencies as expectations that U.S. interest rates are likely to stay near zero dampened appeal for the safe-haven greenback. [ID:nT292235] But the Taiwan dollar's strength was capped by the island central bank's purchases of the U.S. currency, dealers said. The monetary authority keeps the local currency in a controlled float and steps in to taper gains it considers excessive. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.349 32.365 Volume in $ mln (Taipei Forex Inc) 889 888 (Cosmos) 32.342 32.342 Six-month NDFs -0.740/-0.700 -0.850/-0.800 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 and Alice Chen; editing by Ken Wills) ((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] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 10 November 2009 17:06:23RTRS [nTP293100] {EN}ENDS

32.349/889/ +8.8

2009-11-10T00:55:00.000-08:00

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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dlr

2009-11-09T01:23:00.000-08:00

17:22 09Nov09 RTRS-Taiwan dollar near 3-wk high on fund inflows * Rising stocks trigger fund inflows * US$ falls globally after G20 officials hold back on action * Central bank buys U.S. dollars to pare gains (Updates to close) TAIPEI, Nov 9 (Reuters) - The Taiwan dollar rose for a fourth straight session to a near three-week high on Monday, spurred by exporter purchases of the currency and foreign fund inflows following gains in local stocks. The Taiwan dollar rose to as high as T$32.341 to the U.S. dollar before erasing some gains to end at T$32.365, the strongest close since Oct. 21. "Foreign investors in spot and offshore markets were unloading U.S. dollars, and the local currency is expected to track higher as demand for risky assets picks up on a stronger economy," said a dealer in Taipei. The Taiwan dollar is expected to trade between T$32.2 and T$32.5 this week, the dealer said. Foreign institutions were net buyers of Taiwan shares for a second session on Monday, grabbing T$5.8 billion ($179 million) in shares as the stock market <.TWII> finished up 0.99 percent. Exporters, who anticipated further gains in the Taiwan dollar amid optimism about a stronger global economy, offered U.S. dollars at T$32.400. At weaker rates, they can exchange more foreign currency, using Taiwan dollars for cash needs at home. The local currency also found support in a globally weaker U.S. dollar, after a meeting of the Group of 20 finance officials failed to take any concrete action to rebalance global flows or talk more specifically about the dollar's recent decline [ID:nLQ516726]. Pressuring the currency, Taiwan's central bank bought U.S. dollars on Monday as part of its effort to keep the currency from rising too rapidly, dealers said. The monetary authority keeps the currency in a managed float. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.365 32.509 Volume in $ mln (Taipei Forex Inc) 888 593 T$ (Cosmos) 32.342 32.495 Six-month NDFs -0.850/-0.800 -0.720/-0.700 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 and Argin Chang; 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] [E] [Z] [MF] [D] [PSC] [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, 09 November 2009 17:22:48RTRS [nTP368230] {EN}ENDS

32.365/ 888/ +5.8

2009-11-09T00:34:00.000-08:00

14:49 09Nov09 RTRS-Taiwan shares close above 1-wk high, banks lead * Financial shares, China-related plays outperform * HTC <2498.tw> leads techs higher on positive brokerage note * Investors cautious ahead of elections in early December (Updates indexes, adds quotes and details) TAIPEI, Nov 9 (Reuters) - Taiwan stocks rose 0.99 percent to their highest close in more than a week on Monday, as gains on Wall Street raised confidence in economic recovery, while banking issues like Cathay Financial <2882.tw> climbed on renewed hopes for warmer trade ties with China. The main TAIEX share index <.TWII> ended up 73.65 points at 7,536.70, its highest close since Oct 28. The banking and insurance sub-index <.TFNI>, the session's top gainer, jumped 2.65 percent. Cathay Financial, the island's top listed financial holding firm, advanced 2.38 percent. "The main index's gain was led by financial shares and MOU-driven," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. "But the gains were less sharp than previously seen because the effect of an MOU (with China) has began to fade." Turnover fell to T$77 billion ($2.4 billion) on Monday, the thinnest in more than a month, as mood turned cautious ahead of mayoral elections in major cities in early December. China was ready to sign a much-anticipated financial services memorandum with Taiwan, local media reported on Monday, citing a Chinese official. [ID: nTP132601] The memorandum, which will mainly cover cross-border financial supervision, will allow Taiwan's banks to tap China's massive market and pave the way for banks in Taiwan and China to invest in each other. A procurement group from China's Jiangsu province, which is expected to buy about $2 billion worth of electronic products, further lifted positive sentiment, analysts said. That news, combined with hopes that an MOU with China will be inked soon, boosted many China-related shares. Taiwan Cement <1101.tw>, which has substantial investments in the mainland, was up 0.86 percent and China Petrochemical <1314.tw> rose 3.2 percent. Technology shares HTC <2498.tw> and AU Optronics <2409.tw> also led mild gains on hopes of better business in the fourth quarter. Smartphone maker HTC jumped 2.04 percent and was the most-active stock by turnover. Brokerage house Macquarie upgraded the stock to "outperform" from "underperform" as HTC's high-priced, feature-rich products still appeal to the upper end of the smartphone market. HTC is scheduled to hold a third-quarter investor conference and give guidance for the fourth quarter later in the day. AU Optronics, the world's No.3 flat-panel maker advanced 0.67 percent after research houses iSuppli and DisplaySearch forecast strong sales in the fourth quarter. But smaller rival Chi Mei Optoelectronics <3009.tw> ended the session 0.59 percent lower. "LCDs could benefit from a boost in demand in the fourth quarter, but good sales are expected to have a limited impact on their share prices as they are already high," said Prudential's Yeh. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.99 pct Close on day 7,536.70 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 Chris Lewis)) ((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
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32.558/495/-3.3

2009-11-04T00:50:00.000-08:00

14:18 04Nov09 RTRS-Taiwan shares log best gain in a mth, property plays up * Construction shares lead gains on report of no tax rise * TSMC wins lawsuit against SMIC, boosting stock * Powerchip, Nanya surge on positive October sales (Updates indexes, adds quotes and details) TAIPEI, Nov 4 (Reuters) - Taiwan stocks closed up 1.97 percent on Wednesday, logging the best daily gain in a month, as property shares such as Farglory <5522.tw> led gains on news the government will not levy higher property taxes in the near term. The main TAIEX share index <.TWII> closed up 144.11 points at 7,467.04, snapping a six-session losing streak and rebounding from a one-month closing low hit in the previous session. Turnover rose to T$98 billion ($3 billion) from Tuesday's T$79 billion, the thinnest in a month, as some investors piled into financial shares that have suffered losses recently. Construction shares rebounded from sharp falls over the past two sessions after a local newspaper reported that Taiwan's Premier had said the government would not levy a higher property tax in near term as economic recovery remained on shaky ground. Real estate developer Farglory surged 5.93 percent, while the construction sub-index <.TCOI> jumped 5.39 percent. "Construction shares were the main force behind today's rebound as Premier Wu's comments removed concern about a possible rise in property taxes," said Vincent Ho, a fund manager at JP Morgan Asset Management in Taiwan. "Financial shares also got a lift as bankers were worried that a higher property tax could fend off potential home buyers." Property shares have fallen about 9 percent over the past four sessions after Taiwan government officials voiced concer over skyrocketing housing prices and urged bankers to tighten rules on housing loans. Cathay Financial <2882.tw>, the island's top listed financial holding company, rose 3.13 percent, with the banking and insurance sub-index <.TFNI> up 3.31 percent. Taiwan is expected to sign a much-anticipated financial services pact with China within the month, a Taiwan government official said on Tuesday. [ID:nTP166124] Technology majors also joined the main board's rise, with TSMC <2330.tw> up 0.68 percent and UMC <2303.tw> up 1.28 percenty. The semiconductor sub-index <.TSII> rose 1.28 percent. Contract chipmaker TSMC was further encouraged after it won a lawsuit against Chinese integrated circuit maker Semiconductor Manufacturing International Corp <0981.hk> over the theft of trade secrets and patent infringement. [ID:nN03520791] The Semiconductor Industry Association said global semiconductor sales rose during the third-quarter and forecast upbeat full-year sales as chip demand increases along with unit sales of personal computers and cell phones. [ID:nBNG185611]. DRAM makers including Powerchip <5346.two> and Nanya Tech <2408.tw> were also in the spotlight -- both stocks surged nearly 7 percent on upbeat October sales and rising contract prices. [ID:nTP173792] ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 1.97 pct Close on day 7,467.04 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 Chris Lewis)) ((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
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dlr

2009-11-03T01:07:00.001-08:00

16:55 03Nov09 RTRS-Taiwan dlr falls for a 2nd session on outflows * Foreign funds, central bank push Taiwan dollar lower * Exporters support local currency (Updates to close) TAIPEI, Nov 3 (Reuters) - The Taiwan dollar erased early gains to end lower on Tuesday as declining local stocks triggered foreign fund outflows, but deals by exporters helped limit the local currency's losses. "There were consistent fund outflows in Taiwan stocks over the past few days, which pressured the local currency," said a dealer in Taipei. On Tuesday, foreign institutions sold a net T$10 billion ($307 million) of Taiwan stocks <.TWII>, which ended 0.17 percent lower. Foreign investors remained net sellers of Taiwan stocks in the past five days. [ID:nTP182785] The Taiwan dollar rose in the early session as stronger-than-expected manufacturing and pending home sales data in the United States revived investor risk appetite. Those gains were erased in the afternoon as the Taiwan dollar followed regional losses, dealers said. "The local currency tracked losses in the Australian dollar and other emerging Asian currencies in the afternoon," said the same dealer. In global markets, the Australian dollar slipped on Tuesday after the Reserve Bank of Australia raised interest rates by an expected 25 basis points, but was less hawkish than some had anticipated. [ID:nSYD114014] Taiwan's central bank was spotted buying U.S. dollars in the afternoon session to taper gains, as the authority prefers a weaker local currency to help exporters compete with regional peers, such as South Korea. Exporters, however, limited the local currency's fall. Dealers said exporters took advantage of the weakening Taiwan dollar to enter the markets to exchange into more of the local currency with their U.S.-dollar earnings. The local currency may trade in a boxed range between T$32.5 and T$32.6 as a series of meetings of major central banks could keep investors on the sideline, the dealer said. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.575 32.553 Volume in $ mln (Taipei Forex Inc) 907 666 T$ (Cosmos) 32.560 32.550 Six-month NDFs -0.670/-0.630 -0.650/-0.600 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 Chris Lewis) ((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] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 03 November 2009 16:55:41RTRS [nTP289555] {EN}ENDS

32.575./ 907/ -10.1

2009-11-03T00:20:00.000-08:00

14:23 03Nov09 RTRS-Taiwan stocks drift lower as tech shares weaken * TAIEX falls for 6th session, hits one-month closing low * Foreign selling weighs on technology shares * Construction firms fall after gov't plan to levy land taxes * TAIEX seen trading 7,200 and 7,500 points this week-analyst (Updates indexes, adds quotes and details) TAIPEI, Nov 3 (Reuters) - Taiwan stocks slipped 0.17 percent on Tuesday to a fresh one-month closing low as investors pocketed gains in technology companies such as Hon Hai <2317.tw>, which have benefitted from solid quarterly earnings. The main TAIEX share index <.TWII> finished 12.25 points lower at 7,322.93, extending a five-session losing streak. Turnover was thin at T$79 billion ($2.4 billion), compared with Monday's T$85 billion, as caution prevailed ahead of the U.S. Fed's interest rate meeting and comments. Foreign investors became net sellers in Taiwan stocks for the first time in seven months in October, selling a net T$12 billion ($368 million). [ID:nTP88553]. Analysts speculate that more foreign selling lead to Tuesday's losses. "Foreign investors selling in technology heavyweights have been pressuring the broader board over the past few weeks, and I expect their selling to continue for the next little while," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. Chung said he expects the TAIEX to trade around its 90-day moving average at 7,300 this week. Electronics parts giant Hon Hai declined 1.53 percent, sending the heavily weighted electronics sub-index <.TELI> down 0.29 percent. TSMC <2330.tw> and its smaller rival UMC <2303.tw> , the world's two largest contract chip makers, fell 1 percent and 1.88 percent, respectively. The semiconductor sub-index <.TSII> slipped 0.57 percent. Construction shares fell on a media report that Taiwan may levy higher land value taxes on property owners who do not live on site, as part of an effort to curb speculation in the housing market. Real estate developer Farglory <5522.tw> slipped 0.74 percent, while the construction sub-index <.TCOI> dropped 1.94 percent. "Risk averse investors have shifted their focus to defensive plays and shares that could benefit from a economic pact with China," said Chang Chi-sheng, a fund manager at Uni-President Asset Management. Taiwan and China are set to sign an free trade agreement-like deal some time next year and the much anticipated pact was seen behind the main index's 60 percent rally so far this year. HOT STOCKS -- Wistron Corp <3231.tw> gained 0.36 percent after a local newspaper reported that it plans to set up an LCD TV manufacturing complex in China, with construction set to start next month and to be completed in June next year. --Taiwan's Evergreen Marine <2603.tw>, the world's fourth-largest container line, declined 0.62 percent, after it posted a net loss of T$2.58 billion in the third quarter. [ID:nTPU001819] ---------------------TAIEX IN PERSPECTIVE---------------- Move on day -0.17 pct Close on day 7,322.93 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 Jonathan Hopfner)) ((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
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32.553/ 666 / -7.8

2009-11-02T01:04:00.000-08:00

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

32.535/616/-5.5

2009-10-30T01:29:00.000-07:00

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/]
[Story not fully loaded, incomplete text]

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/
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: Friday, 30 October 2009 16:21:09RTRS [nTP81773] {EN}ENDS

dlr

2009-10-29T02:21:00.001-07:00

17:13 29Oct09 RTRS-Taiwan dlr closes at 1-1/2-mth low on fund outflows * Taiwan dollar falls for third straight session * Lowest close since Sept. 15 as equity outflows weigh * Exporters buy currency before end month, offering support (Updates to close) TAIPEI, Oct 29 (Reuters) - The Taiwan dollar fell for a third straight session to a 1-1/2-month closing low on Thursday as a dip in the local stock market triggered foreign fund outflows while investors remained wary of central bank movements. 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. "Foreign investors conducted a massive outflow, but exporters were there to offer support," said a dealer in Taiwan. On Thursday, foreign institutions had sold a whopping net T$22 billion ($675 million) in Taiwan stocks <.TWII>, which ended 2.37 percent lower. Dealers said the Taiwan central bank's remark regarding monetary policy also weighed on local markets. On Thursday, the United Daily News reported that Taiwan's central bank had urged lenders not to push down mortgage rates as interest rates could rise next year, indicating that it was concerned about escalating home prices. [ID:nTP274223] Dealers said the central bank had bought the Taiwan dollar occasionally during the session, aiming to keep the local currency at a relatively weak level to help the island's exporters, many of which were hurt by the recent recession. But the local currency found support in exporters deals. Exporters were keen to sell U.S. dollars at around T$32.55 and T$32.57, providing support to the Taiwan dollar, for cash needs before the end of the month. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.580 32.496 Volume in $ mln (Taipei Forex Inc) 960 693 T$ (Cosmos) 32.570 32.490 Six-month NDFs -0.670/-0.620 -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 Joan Hsu and Rachel Lee; Editing by Jacqueline Wong) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.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: Thursday, 29 October 2009 17:13:17RTRS [nTP363695] {EN}ENDS

32.580/960/ -22.2

2009-10-29T01:06:00.000-07:00

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/
For Related News, Double Click on one of these codes:[M] [T] [E] [Z] [MF] [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> Thursday, 29 October 2009 15:22:30RTRS [nTP353767] {EN}ENDS

32.496/ 693 / -10.9

2009-10-28T01:38:00.000-07:00

14:26 28Oct09 RTRS-Taiwan stocks post worst single day fall in 3 wks * Exporters fall after weaker U.S. consumer confidence * UMC drops before reporting better-than-expected Q3 results * Acer eases even after expecting rising shipments (Updates indexes, adds quotes and hot stocks) TAIPEI, Oct 28 (Reuters) - Taiwan stocks fell 1.61 percent on Wednesday, posting its worst daily fall in three weeks, as weaker U.S. consumer confidence raised doubts over the pace of the economic recovery and prompt selling in tech shares such as UMC. The main TAIEX share index <.TWII> finished 123.39 points lower at 7,533.95, logging its worst fall since Oct. 2. The heavily weighted electronics sub-index <.TELI> fell 1.66 percent. UMC <2303.tw> fell 3.07 percent. After market close, the world's second-largest contract chip maker reported a second straight quarterly net profit that beat market expectations. [ID:nTPU001791] Turnover rose to T$111 billion ($3.4 billion) from Tuesday's T$96 billion. "It seems that Taiwan's market reacted only mildly to corporate earnings, with investors paying more attention to the outlook in the broader economy," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Concerns over a slower fourth quarter for the technology sector have begun to kick in, hurting major exporters such as AU Optronics <2409.tw> and Hon Hai <2317.tw>, both of which fell more than 2 percent. Contract laptop PC makers Quanta <2382.tw> and Compal <2324.tw>, which manufacture products for top brands such as Hewlett-Packard and Dell , fell 2.17 percent and 3.54 percent, respectively. Shares of PC vendors also fell, with Acer <2353.tw>, the world's No.2 PC brand, shedding more than 3 percent even after Acer chief executive Gianfranco Lanci told reporters that he expected the company's shipment of portable PCs to exceed 30 million units this year. [ID:nTP284862] Acer's smaller rival Asustek <2357.tw> gave up early gains to end 0.96 percent lower even after the company reported better-than-expected third-quarter earnings on Tuesday. [ID:nTP262252] "I wouldn't take an interest in PC shares right now because one: they have risen by too much, and two: we don't know that demand from North America has truly picked up," said Alvin Tang, an assistant research manager at Sinopac Securities. HOT STOCKS -- Chunghwa Telecom <2412.tw> fell 0.69 percent after a newspaper reported that it may spend about T$10 billion ($310 million) to buy a stake in Asia-Pacific Telecom. -- Cathay Financial <2882.tw>, the island's top listed financial holding firm, fell 1.81 percent after a local newspaper reported that one of its fund arms had signed a two-year agreement with China AMC, China's biggest fund management company, which will provide consulting services for a new fund that the unit is set to launch. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.61 pct Close on day 7,533.95 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
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32.480/898/ / -4.7

2009-10-27T01:20:00.000-07:00

14:14 27Oct09 RTRS-Taiwan stocks fall; Asustek, Chi Mei up on results * TAIEX tracks losses on Wall Street, regional peers * Asustek, Chi Mei rise after better-than-expected Q3 results * Turnover is the thinnest in one month * TAIEX seen trading around 7,600 points this week (Updates indexes, adds quotes) TAIPEI, Oct 27 (Reuters) - Taiwan stocks ended down 0.14 percent on Tuesday as overnight losses on Wall Street induced profit taking, but gains in Asustek <2357.tw> provided some support after reporting better-than-expected earnings. The main TAIEX share index <.TWII> closed 11.06 points lower at 7,657.34, snapping a two-session winning streak. Turnover was the thinnest in one month at T$96 billion ($3 billion), as caution took hold before more quarterly earnings later this week. "Today is all about individual performance as companies that reported good earnings get rewarded, but they certainly do not represent the whole sector that they belong to," said Bevan Yeh, a senior fund manager at Prudential Financial Securities. "Positive earnings were within investors' expectations and were not enough to convince them to hold on to their shares." Analysts said the index could trade around its 20-day moving average at 7,600 points this week as investors pocketed gains in technology shares that had carried the main index to a 16-month high in recent weeks. Shares of netbook PC pioneer Asustek, the second most-active stock by volume and turnover, finished 5.04 percent higher at a one-year closing high after the firm reported market-beating third-quarter net profit. [ID:nTP273583] The computer and peripheral sub-index <.TCPI> edged up 0.52 percent. Chi Mei Optoelectronics <3009.tw> climbed 1.48 percent after the LCD maker posted a forecast-beating profit in the third quarter and offered a bright outlook for demand for flat-screen TVs. [ID:nTP285412] AU Optronics <2409.tw>, the world's No. 3 flat-panel maker, declined 1.28 percent, underperforming the optoelectronics sub-index's <.TOPI> 0.21 percent fall. The main index's fall eased after heavyweight chip designer Mediatek <2454.tw> rose. Mediatek ended 0.75 percent higher and topped the session's list of most-active stock by turnover. Mediate reclaimed much of the 11 percent that it lost over the past four days after Citi reiterated its buy rating, and on news that it would work with Cheng Uei <2392.tw> to jointly design WiMax chips for use in mobile Internet devices. HOT STOCK -- Hon Hai <2317.tw>, the world's largest electronics parts maker, edged up 0.36 percent after a newspaper reported that it would work with Sony <6758.t> to enter China's market. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.14 pct Close on day 7,657.34 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] [M] [T] [D] [Z] [MF] [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> Tuesday, 27 October 2009 14:14:47RTRS [nTP294872] {EN}ENDS

32.394 / 510 /+7.1

2009-10-26T01:50:00.000-07:00

14:19 26Oct09 -Taiwan stocks rise as banks, China plays gain * Financials up on Taiwan-China economic pact hopes * Asustek rises on strong 2010 shipment target * Chi Mei falls ahead of Q3 results (Updates indexes, adds quotes and details) TAIPEI, Oct 26 (Reuters) - Taiwan stocks ended up 0.25 percent on Monday as media reports that Taiwan and China could speed up negotiation on an economic agreement fuelled gains in financial shares like Chinatrust Financial <2891.tw>. The main TAIEX share index <.TWII> finished up 19.12 points at 7,668.40, giving up some of its gains earlier in the session. Turnover was thin at T$105 billion ($3.24 billion), lower than Friday's T$118 billion. "The main index got a temporary lift from China plays such as plastic and financial shares, but later succumbed to selling," said Michael On, managing director at Beyond Asset Management. Financial shares led the main index higher, with Chinatrust Financial rising 0.94 percent after local media reported that China and Taiwan could begin negotiations on an economic agreement earlier than expected. On said the main index should trade mainly between 7,600 and 7,800 this week, with companies that report better-than-expected quarterly earnings leading mild gains. "Third quarter earnings are expected to turn out well, but the broader market has already priced in much of those expectations," said Tom Tang, a vice president at Masterlink Investment Advisory. TSMC <2330.tw> and UMC <2303.tw> , the world's two largest contract chip makers, both ended flat. Both are due to report third- quarter earnings later this week. (For a preview on TSMC and UMC's quarterly results, double-click [ID:nTP185409]). The TAIEX had risen more than 65 percent since the beginning of this year as investors bet that warming ties with economic powerhouse China could help the island's export-reliant economy. In September, Taiwan logged its smallest decline in export orders since last year due to stronger demand from China. [ID:nTP295354] This helped technology companies that have greater exposure to China's market such as Hon Hai <2317.tw>, which rose 1.48 percent, while the electronics sub-index <.TELI> inched down 0.1 percent. PC shares also rose, with netbook PC pioneer Asustek <2357.tw> jumping more than 2 percent. Asustek's chief executive officer said on Friday the company aimed for its notebook PC shipments to grow faster than the overall industry in 2010 on expectations for an uptick in demand. [ID:nTP290911] Asustek's bigger rival Acer <2353.tw>, the world's No.2 PC brand, edged up 0.24 percent ahead of its third-quarter results on Friday. LCD maker Chi Mei Optoelectronics <3009.tw> fell 0.59 percent ahead of its third-quarter earnings, while the optoelectronics sub-index <.TOPI> shed 1.23 percent. The firm reported market-beating results after the market close, helped by increasing demand for tech buys. [ID:nTPU001782] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.25 pct Close on day 7,668.40 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 Jonathan Hopfner)) ((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
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32.398/752/ -3.4

2009-10-23T01:14:00.000-07:00

14:14 23Oct09 RTRS-PC shares lift Taiwan stocks on upbeat outlook * Acer gains on upbeat sales forecasts * AU rises after reporting its first profit in one year * TAIEX seen trading between 7,600-7,800 pts next week (Updates indexes, adds quotes, details) TAIPEI, Oct 23 (Reuters) - Taiwan stocks rose 0.54 percent on Friday following a rebound on Wall Street, with major PC vendors Asustek <2357.tw> and Acer <2353.tw> rising after the launch of the Windows 7 operating system boosted their sales outlook. The main TAIEX share index <.TWII> closed up 41.35 points at 7,649.28, reversing a 1.21 percent loss in the previous session. The TAIEX wrapped up the week with a 0.84 percent fall. Turnover was thin at T$117 billion ($3.6 billion), compared with Thursday's T$140 billion and the daily average of T$124 billion over the past week. Microsoft released its much-anticipated Windows 7 operating system on Thursday, which may serve as an impetus to upgrade aging machines. [ID:nN21471549] Acer Inc, the world's No. 2 PC brand and netbook pioneer Asustek jumped 0.97 percent and 1.22 percent, respectively. The computer and peripheral sub-index <.TCPI> rose 0.53 percent. Acer Chairman J.T. Wang told Reuters in an interview that the company aims to boost its revenue by more than 70 percent in the next three years, helped by low-cost netbook PCs amid an improving global economy. [ID:nTP259678] "Taiwan stocks could extend gains well into next week, when more local technology companies report their quarterly earnings," said Michael On, a managing director at Beyond Asset Management. However, some analysts are less optimistic about the the main index's advances. "Some foreign investors think it is a good time to sell heavily weighted technology shares on the cautious outlook for the fourth quarter," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. AU Optronics <2409.tw> , the world's No. 3 flat-panel maker and Taiwan's biggest, jumped 0.8 percent after booking its first profit in one year. But analysts say AU could lose money again in the first quarter of next year after it forecast weaker panel prices for PCs and flat-screen TVs into the final quarter of 2009. [ID:nTP80405] AU's smaller rival Chi Mei Optoelectronics <3009.tw>, which is due to report its own third quarter earnings next week, rose 1.8 percent. The optoelectronics sub-index rose 0.7 percent. HOT STOCKS -- Electronics parts giant Hon Hai Precision <2317.tw> rose 2.65 percent to T$135.5 after Credit Suisse raised its target price on the stock to T$171, noting the company's revenue growth is expected to extend into next year. -- DRAM makers rose after South Korean peer Hynix Semiconductor <000660.ks> swung to profit after losing for eight quarters and gave a bright outlook on the sector. [ID:nSEO258462] Powerchip <5346.two>, Taiwan's top PC memory-chip maker, jumped 6.38 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.54 pct Close on day 7,649.28 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 Ken Wills) ((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
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32.359/ 1144 / -3.3

2009-10-21T01:54:00.000-07:00

14:24 21Oct09 RTRS-Taiwan stocks post biggest daily drop in 2 weeks * Investors sell technology shares after recent run-up * Powerchip rises after seeking state funds, profit hopes * Mediatek underperforms on negative brokerage note (Updates indexes; adds quotes, details) TAIPEI, Oct 21 (Reuters) - Taiwan stocks closed 0.67 percent lower on Wednesday, snapping a five-session winning streak, as losses on Wall Street triggered selling in technology shares, including Mediatek Inc <2454.tw>. The main TAIEX share index <.TWII> finished down 52.02 points at 7,701.50, posting its biggest single-day percentage fall in nearly two weeks. Turnover was about the same as Tuesday's T$125 billion ($3.9 billion). Chip designer Mediatek declined 0.77 percent after Deutsche Bank reiterated its "sell" rating on the stock on concerns of weaker-than-expected demand and order shifts to rival Spreadtrum. The electronics sub-index <.TELI> fell 0.67 percent. "The upward trend seemed a little shaky after the recent run up, but the fall is far from alarming as this was just a technical correction and the outlook for the broader economy is still optimistic," said John Chiu, a vice president at Fuh Hwa Securities Investment. Other tech heavyweights, such as TSMC <2330.tw> and Hon Hai <2317.tw>, also slipped. TSMC fell 0.65 percent, while Hon Hai dropped 1.13 percent. Powerchip Semiconductor Corp, Taiwan's top PC memory-chip maker, rose 3.03 percent after it submitted a proposal to the government to request funds of T$4.5 billion ($140 million) to set up a new flash memory chip company. [ID:nLK41051] Its smaller rival Nanya Tech <2408.tw> edged up 0.23 percent as it decided not to submit a restructuring plan to the government. Nanya Tech will hold its third quarter investor conference later in the day. "Fundamentals for the DRAM sector are improving along with the economy, and it is good that Powerchip decided that it would take this strategic move to ramp up its flash business," said Andrew Deng, an assistant vice president at Taiwan International Securities Corp. Taiwanese DRAM chip makers had lost money for the past year in a global downturn triggered by oversupply, but DRAM prices have rebounded recently as PC demand recovers. AU Optronics <2409.tw>, Taiwan's top flat-panel maker, fell about 2 percent. An executive of Haier Group is set to visit AU's chairman next week, paving the way for them to set up a strategic alliance in procurement, research and development and technology, a local newspaper reported. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.67 pct Close on day 7,701.50 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 Jonathan Hopfner)) ((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
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32.275/532/ +5.2

2009-10-20T01:18:00.000-07:00

14:21 20Oct09 RTRS-Taiwan stocks edge higher, helped by tech shares * Tech shares up after Apple's solid earnings * LCDs up on news of Corning's Taiwan production disruption * PC vendors extend gains ahead of Windows 7 launch (Updates indexes, adds quotes, details) TAIPEI, Oct 20 (Reuters) - Taiwan stocks ended up 0.03 percent on Tuesday, gaining for a fifth session, with Apple's suppliers such as Quanta <2382.tw> rising after the U.S. PC brand's quarterly results exceeded analysts' forecasts. The main TAIEX share index <.TWII> finished up 2.20 points at 7,753.52 after hitting a fresh 2009 intraday high at 7,811.92 by midday. Turnover was slightly more active at T$125 billion ($3.9 billion), compared with Monday's T$112 billion. Quanta Computer, the world's largest contract laptop PC maker, rose 2.68 percent. The broader electronics sub-index <.TELI> climbed 0.31 percent. "We would've seen a pull-back if it wasn't for upbeat earnings from the United States, as the market generally expects tech companies' sales to peak in October," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. Yeh said the main index would continue taking cues from earnings results at home and in the United States, but was unlikely to see a broad-based gain any time soon as it has been hovering at a 16-month high for the past month. Electronics parts giant Hon Hai <2317.tw>, another key supplier to Apple Inc, ended flat. Hon Hai's share price has more than doubled from the begining of this year. AU Optronics <2409.tw>, Taiwan's biggest LCD maker, advanced 1.55 percent after Corning Inc said on Monday a weekend power disruption at its Taiwan plant would hurt glass production in the fourth quarter. [ID:nN19369828]. However, its gains underperformed the 3.3 percent rally in South Korean peer LG Display <034220.ks> on hopes that the glass shortage could help boost LCD prices. Taiwan President Ma Ying-jeou said on Monday the island had not considered allowing its LCD firms to make large panels on the mainland for now. [ID:nTP169514] TSMC <2330.tw> and UMC <2303.tw>, the world's two largest contract chipmakers, rose 0.98 percent and 3.32 percent, respectively, after Texas Instruments Inc posted quarterly profit and revenue that exceeded Wall Street's estimates on improving chip demand. [ID:nN19395244] HOT STOCKS -- Automobile makers such as Yulon Motor <2201.tw> fell about 2 percent after the Taiwan government's plan to levy a green energy tax starting in 2011. -- PC vendors extended their gains from the previous session on hopes the launch of Windows 7 operating system could boost PC sales. Asustek <2357.tw> jumped 3.28 percent, while the computer and peripheral sub-index <.TCPI> edged up 0.51 percent. "Their gains could be quite premature as we don't know how computer users will react to the new software," said Prudential's Yeh. ---------------------TAIEX IN PERSPECTIVE---------------- Move on day 0.03 pct Close on day 7,753.52 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 Jonathan Hopfner)) ((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
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32.325/ 818 / -0.39

2009-10-19T01:23:00.000-07:00

14:17 19Oct09 RTRS-Taiwan stocks rise on PCs, Acer hits 9-year high * IBM results, Windows 7 boost PC shares * Hon Hai, Foxconn rise on report of Apple's rising shipments * Banks fall on news of delayed financial pact with China * TAIEX seen trading between 7,600 and 7,800 this week (Updates indexes, adds quotes and details) TAIPEI, Oct 19 (Reuters) - Taiwan stocks rose 0.47 percent on Monday, gaining for a fourth straight session, as positive quarterly results from IBM and the upcoming release of Microsoft's Windows 7 bolstered PC shares such as Acer <2353.tw>. The main TAIEX shares index <.TWII> closed 36.22 points higher at 7,751.32, hovering at a 16-month closing high. Acer Inc, the world's No. 3 PC brand, rose 4.04 percent to its highest closing level in nine years, while netbook pioneer Asustek <2357.tw> jumped 4.88 percent. The computer and peripheral sub-index <.TCPI> advanced 1.5 percent. "PC shares are encouraged by a combination of positive factors including upbeat earnings results from tech companies like Intel and IBM, and on growing expectation of a rebound in demand," said Vincent Ho, a fund manager at JP Morgan Asset Management. The launch of Windows 7 operating system later this week also boosted PC shares. Analysts say the TAIEX could trade in a narrow range between 7,600 and 7,800 this week. "The main index has been edging up on the back of an improving global economy, and it is unlikely that the main index would see a significant rise or pull-back because there are more people watching than trading," said JP Morgan's Ho. Turnover was thin at T$112 billion, compared with Friday's T$ 118 billion and last week's daily average of T$133 billion. Ho said Taiwan stocks would continue to take cues from earnings reports from the United States, which have bolstered the the Dow Jones and the Standard & Poor's 500 Index <.SPX> to a new high last week. Apple Inc is set to report its quarterly results later this week, followed by Microsoft , Texas Instruments Inc and Amazon.com Inc . Electronics parts giant Hon Hai <2317.tw> and Foxconn Tech <2354.tw> rose 2.31 percent and 2.42 percent, respectively, after a local newspaper reported that their client Apple was expected to raise its fourth-quarter iPhone shipments by up to 20 percent in the current quarter. But the semiconductor sub-index <.TSII> trailed losses on the Philadelphia Stock Exchange index of semiconductors <.SOXX>, which fell by 2 percent on Friday. TSMC <2330.tw>, the world's largest contract chip maker, fell 0.81 percent even after the company's chairman told local media he expected his company's sales next year to return to 2008 levels due to growing chip demand. [ID:nTP168559] Financial shares <.TFNI> was the session's top loser, falling 0.43 percent. Cathay Financial <2882.tw>, the island's top listed financial holding firm, fell 0.48 percent after a local newspaper reported that Taiwan would push back informal negotiations with China on an economic cooperation framework agreement (ECFA) to the end of the month. [ID:nTP142900] ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.47 pct Close on day 7,751.32 2009 intraday high 7,780.66 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 Ken Wills) ((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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32.300/1177/ +2.8

2009-10-16T01:51:00.000-07:00

14:36 16Oct09 RTRS-Taiwan stocks inch to 16-mth closing high; techs slip * LCDs shares fall after LG Display f'cast lower panel prices * Banking stocks beat broader market * Mediatek helped by positive brokerage note * Analysts say TAIEX to pull back to 7,600 pts next wek (Updates indexes, adds quotes and details) TAIPEI, Oct 16 (Reuters) - Taiwan stocks inched up 0.06 percent on Friday to a 16-month closing high, with gains in financial shares offset by concerns over a weaker fourth quarter for LCD makers such as AU Optronics <2409.tw>. The main TAIEX share index <.TWII> edged up 4.7 points to 7,715.10, the highest close since June 26, 2008, finishing this week with a 1.9 percent gain. The banking and insurance sub-index <.TFNI> outperformed the broader market, rising 1.34 percent, with Cathay Financial <2882.tw> up more than 2 percent. Turnover was thin at T$118 billion ($3.7 billion), compared with Thursday's T$165 billion and a daily average of T$130 billion this week. LCD makers AU Optronics and Chi Mei <3009.tw> fell 2.41 percent and 0.58 percent, respectively, after their larger Korean peer LG Display <034220.ks> said on Thursday that average LCD panel prices would decline, while shipments were expected to rise by less than 10 percent. [ID:nSEO366638] "The market is caught between investors' unwillingness to buy at such high prices and a reluctance to sell on brighter outlook of the broader economy," said Tom Tang, a vice president at Masterlink Investment Advisory. Tang expected the main index to stage a pull-back next week, but could find support at its 10-day moving average at 7,600 points. "The effects from positive earnings have already worn off, and the main index could come under greater pressure of profit-taking in the upcoming week." Shares of TSMC <2330.tw>, the world's largest contract chip maker, fell 2.98 percent. A local newspaper reported that its chairman, Morris Chang, is likely to announce a resumption of salary rises for employees following the sector's recovery. But Mediatek <2454.tw>, the most-actively traded stock by turnover, climbed almost 3 percent after Morgan Stanley reiterated its overweight rating on Mediatek shares on fair valuation and a mild decline in the fourth quarter. Smartphone maker HTC Corp <2498.tw> advanced 2.31 percent. Its larger rival, Nokia , the world's top cellphone maker, reported its worst quarterly result after losing its smartphone market share. [ID:nLF596616] HOT STOCKS -- Electronics parts giant Hon Hai <2317.tw> fell 0.76 percent. Sources told Reuters on Thursday that the Hon Hai Group would invest more than $1 billion to build a production facility in the southwestern Chinese city of Chengdu. [ID:nTP102315] -- DRAM makers fell, with Powerchip <5346.two>, Taiwan's top computer memory chip maker, down 4.35 percent and ProMOS <5387.two> 6.84 percent lower. Taiwan Innovation Memory Co (TIMC) had requested less capital from the government as the DRAM chip sector emerges from its worst slump. [ID:nTP89400]. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.06 pct Close on day 7,715.10 2009 intraday high 7,780.66 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-cl ick on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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> Friday, 16 October 2009 14:36:23RTRS [nTP79519] {EN}ENDS

32.218/872/+2.1

2009-10-15T01:33:00.000-07:00

14:34 15Oct09 RTRS-Taiwan stocks gain, helped by techs and financials * TAIEX hits near 16-month closing high * Gains in tech shares ease after recent rally * Banks up after JPMorgan Chase results (Updates indexes, adds quotes and details) TAIPEI, Oct 15 (Reuters) - Taiwan stocks edged up 0.19 percent on Thursday, as solid earnings from major U.S. companies lifted technology exporters, such as Acer <2353.tw>. The main TAIEX share index <.TWII> finished up 14.65 points at 7,710.40, after hitting a near 16-month intraday high of 7,780.66. Turnover rose to T$165 billion ($5 billion) from Wednesday's T$148 billion. Acer, which surpassed Dell Inc in the third quarter to become the world's No. 2 PC maker, ended up 0.23 percent after rising as much as 1.22 percent in early trade. "We are seeing limited gains in major technology companies because positive earnings were within expectations and were already reflected," said Michael On, a managing director at Beyond Asset Management. TSMC <2330.tw> and UMC <2303.tw>, the world's two largest contract chip makers, gained 0.47 percent and 1.55 percent respectively. PC shares rose after research firm IDC said global personal computer shipments inched up 2.3 percent in the third quarter as the sector continued its gradual recovery. [ID:nN14253064] Intel said it was comfortable with analysts' forecast of about 10 percent growth in the PC market next year. [ID:nTP240821] But Quanta Computer <2382.tw>, fell 0.88 percent after a newspaper reported that the world's top contract laptop PC maker spent $10 million to buy the preferred shares of U.S. chip designer Tilera. Financial shares outperformed the broader board after positive earnings from JPMorgan Chase & Co . Cathay Financial <2882.tw>, the island's top-listed financial holding firm, advanced 0.84 percent. Meanwhile, a local newspaper report that China's banking regulators have approved several Chinese banks to invest in Taiwan's banks boosted smaller local financial holding firms. E.Sun Financial <2884.tw> jumped 4.69 percent, lifting the banking and insurance sub-index <.TFNI> up 0.7 percent. HOT STOCKS -- Inventec <2356.tw> fell 0.73 percent after teaming up with TPV Technology <0903.hk> in a $20 million joint venture to make all-in-one desktop computers. [nTP83008] -- AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> rose 2 percent and 0.87 percent, respectively, after analysts said leading flat screen makers are likely to report a jump in quarterly profit after strong demand and higher panel prices. ---------------------TAIEX IN PERSPECTIVE----------------- Move on day 0.19 pct Close on day 7,710.40 2009 intraday high 7,780.66 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 Ken Wills) ((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] [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> Thursday, 15 October 2009 14:34:21RTRS [nTP82197] {EN}ENDS

32.242/908/ +10.6

2009-10-14T01:55:00.000-07:00

14:46 14Oct09 RTRS-Chip makers push Taiwan stocks near 16-mth high * Technology shares boosted by Intel's earnings, outlook * Chinatrust rises after losing bid for AIG's Nan Shan * China plays edge up on closer China ties (Adds quotes, details) TAIPEI, Oct 14 (Reuters) - Taiwan stocks rose 1.31 percent to their highest close in nearly 16 months on Wednesday, with chip makers including TSMC <2330.tw> rising after Intel reported quarterly earnings that beat market expectations. The main TAIEX share index <.TWII> closed up 99.15 points at 7,695.75, its highest closing level since June 26, 2008. Turnover was moderate at T$148 billion ($4.6 billion), compared with Tuesday's T$129 billion. TSMC , the world's largest contract chipmaker, rose 2.75 percent, while its smaller rival UMC <2303.tw> jumped 4.87 percent. "Forecast-beating results and an upbeat outlook from Intel was quite uplifting, as they eased investors' worries over a slow fourth quarter," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. TSMC and UMC topped the list of most-active stock by turnover and volume, respectively. A recovery in demand for personal computers also boosted shares of PC makers. After its stellar quarterly results, Intel told Reuters that it is comfortable with analysts' estimates of about 10 percent growth in global PC shipments next year on increasing appetite for portable computers. [ID:nTP240821] Acer <2353.tw>, the world's No.3 PC brand, rose 1.36 percent after saying its third-quarter revenue would be up about 5 percent amid a rebound in tech demand. [ID:nTP9260919] Chiu said shares of Taiwan companies with large investments in China, including food and transportation companies, could help support further gains in the main index on renewed expectations of closer trade ties with China. Top negotiators from Taiwan and China are planning a meeting in the second half of December in the island to further boost trade. [ID:nTP364107] Financial shares in Taiwan edged up before their U.S. peers report third-quarter earnings later this week. The bank and insurance sub-index <.TFNI> was up 0.61 percent. Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, reversed losses in the previous session to rise 0.93 percent, after it lost a bid to Primus on AIG's life insurance unit in Taiwan. [ID:nTP307656] HOT STOCKS -- ProMOS Tech <5387.two> jumped 6.83 percent after Hynix Semiconductor <000660.ks> said an improved global economy and the launch of Microsoft's Windows 7 operating system were expected to support demand for memory chips through the first half of 2010. -- Innolux Display <3481.tw>, the world's No.2 LCD monitor maker, rose 3.01 percent after a newspaper reported that it could supply panels to Apple . -- Chip designer Mediatek Inc <2454.tw> rose 1.2 percent after a newspaper reported that it is likely to sell the 16 million shares it owns in smaller rival ALi Corp <3041.tw> by the end of the year to focus more on its core business. ALi shares rose 4 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.31 pct Close on day 7,695.75 2009 intraday high 7,700.42 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 Kim Coghill)) ((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
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32.302/ 822/ -3.3

2009-10-13T01:28:00.000-07:00

14:54 13Oct09 RTRS-Taiwan stocks end flat; LCDs up on better outlook * LCD makers jump on positive outlook for next year * Tech shares mixed before U.S. earnings reports * Chinatrust down after Primus wins bid for AIG's Nan Shan * Acer falls after giving Q3 earnings forecast (Adds quotes and details) TAIPEI, Oct 13 (Reuters) - Taiwan's main stock index pared early losses to end steady on Tuesday as financial shares fell after recent rallies and LCD makers, such as Innolux <3481.tw>, gained on optimism about their earnings outlook. The main TAIEX share index <.TWII> opened down 1.5 percent after a report said the cabinet was considering levying taxes on enterprises' gains from stock investments. But the index trimmed early losses to finish 3.28 points lower at 7,596.60 after Taiwan dismissed the report. [nTP205941] Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, dropped 2.28 percent, after Primus won the bid for AIG's Taiwan insurance unit Nan Shan Life on Tuesday. [ID:nTPU001746] The banking and insurance sub-index <.TFNI> was among the session's top losers, falling 0.9 percent. The financial sector had risen about 10 percent in the past month, outperforming the broader market's 5 percent gain. "Sentiment picked up after investors looked beyond the report on the government's plan to collect stock income taxes, and even if it was true, the plan wouldn't have taken place in the foreseeable future," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. Turnover was moderate at T$129 billion ($4 billion), compared with Monday's T$106 billion. Topping the session's most-active stock by turnover was Innolux Display, the world's No.2 LCD monitor maker. The stock soared 6.91 percent. AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> advanced 1.86 percent and 4.22 percent, respectively. Flat screen makers in South Korea and Taiwan are likely to report a jump in quarterly profit after strong demand and a shortage in raw materials boosted prices, analysts said. [ID:nSEO276654] "The LCD sector was shadowed by a bearish outlook due to falling panel prices, but sales in LCD companies are actually picking up and therefore prompted short-covering among investors," said Vincent Ho, a fund manager at JP Morgan Asset Management. Technology shares were mixed before quarterly earnings from their U.S. peers, including chip giant Intel Corp . TSMC <2330.tw>, the world's largest contract chipmaker, was up 0.98 percent, while its smaller rival, UMC <2303.tw> , ended flat. Acer <2353.tw>, the world's No.3 PC brand, fell 1.71 percent after the company said it expected to report a third-quarter net profit that meets market expectations. Acer said its shipments in the fourth quarter would climb from the preceding three months. [ID:nTP001744] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.04 pct Close on day 7,596.60 2009 intraday high 7,635.66 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 Neil Fullick)) ((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/CLOSE
For Related News, Double Click on one of these codes:[M] [T] [E] [D] [Z] [PSC] [RNP] [DNP] [PTD] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Tuesday, 13 October 2009 14:54:26RTRS [nTP310979] {EN}ENDS

32.290/647/ -1.6

2009-10-12T02:06:00.000-07:00

14:34 12Oct09 RTRS-Taiwan stocks end up as T$ climbs, helped by plays * Companies with large land assets climb on stronger T$ * Hon Hai outperforms after solid September sales * Analysts see TAIEX between 7,400-7,700 points this week (Updates indexes, quotes) TAIPEI, Oct 12 (Reuters) - Taiwan stocks edged up 0.37 percent on Monday, as a stronger Taiwan dollar propped up shares of companies with substantial land holdings but weighed on some major technology exporters, including UMC <2303.tw>. The main TAIEX share index <.TWII> ended up 27.92 points at 7,599.88. UMC , the world's second-largest contract chipmaker, fell 0.65 percent, while the electronics sub-index <.TELI> rose 0.49 percent. Turnover was light at T$106 billion ($3.28 billion), compared with Friday's T$132 billion and last week's daily average of T$140 billion, as caution prevailed ahead of U.S. data and earnings later this week. A rising Taiwan dollar boosted shares of companies that own large land assets such as Grand Petrochemical <1312.tw> and Formosan Rubber <2107.tw>, which jumped 6.96 percent and 2.88 percent, respectively. Last Thursday, the Taiwan dollar had risen to the highest closing level in a year due to foreign fund inflows and exporters' deals. "It is an established trend that the Taiwan dollar would rise further, and this has become a concern as a stronger local currency could cause foreign exchange losses for major exporters," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. UMC's larger rival TSMC <2330.tw> ended up 0.16 percent after its quarterly sales rose by a fifth from the previous three months due to growing chip demand. [ID:nTP334864] Electronics part giant, Hon Hai <2317.tw>, the session's most-active stock by turnover, advanced 0.79 percent after reporting a 38 percent rise in September sales from August. [ID:nCT0314253] Analysts said the main index could take cues from Wall Street throughout the week as major technology companies, including Intel , are set to report their quarterly earnings. "We think the main index could trek higher, as quarterly results from technology companies in the United States could turn out quite well," said Yeh. HOT STOCKS -- Powerchip Semiconductor Corp <5346.two> jumped 6.81 percent after its venture with Japanese PC memory maker Elpida Memory Inc <6665.t> turned profitable in July-September on rising DRAM prices. [ID:nT273961] -- Chip designer Mediatek Inc <2454.tw> fell 0.4 percent even after a newspaper reported it is set to introduce new chip solutions for 2.75-generation smartphones next year. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.37 pct Close on day 7,599.88 2009 intraday high 7,635.66 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 Ken Wills) ((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
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32.240 /948 / +1.8

2009-10-09T01:30:00.000-07:00

14:35 09Oct09 RTRS-Taiwan stocks rise as Cathay gains on Q3 earns; TSMC up * Cathay up on improving Q3 profit * TSMC rises before posting flat sale in September * TAIEX seen trading between 7,300 and 7,700 next wk (Updates indexes, adds quotes and details) TAIPEI, Oct 9 (Reuters) - Taiwan stocks ended up 0.91 percent on Friday, paced by gains in Cathay Financial <2882.tw> and other financial shares, after their third-quarter profits improved from the previous quarter. The main TAIEX share index <.TWII> closed 68.65 points higher at 7,571.96, ending the week with a 2.16 percent gain. Cathay Financial, the island's top listed financial holding firm, rose 2.2 percent. Cathay post a net profit of T$2.466 billion in the third quarter, improving from the previous three months. [ID:nTP27067] "Investors shifted their money to financial shares from technology stocks, as tech companies have reached their peak in sales in the third quarter," said Tu Jin-lung, the chairman of Grand Cathay Investment Services. Turnover was less active at T$131 billion ($4 billion) from T$162 billion in the previous two sessions. TSMC <2330.tw> , the world's largest contract chip maker, ended up 0.33 percent. After the market closed, the company said its September sales were roughly flat from a year ago. [nTPU001740] UMC <2303.tw> , a smaller rival of TSMC, rose 0.65 percent. The company reported an 18 percent rise in September sales from a year earlier on Thursday. [ID:nTP306744] Mediatek <2454.tw>, the session's most-active stock by turnover, gained 2.75 percent, recovering from its more than 7 percent slide over the last two sessions. Market sentiment was also boosted by a newspaper report that the National Stabilisation Fund will not sell the shares it currently owns despite having made paper profit of about T$30 billion as of the September quarter. But worries over the central bank's attempt to control capital limited gains of the broader market. The Taiwan dollar hit a one-year closing high on Thursday, but it weakened on Friday with investors worried about central bank intervention to fend off speculation. [ID:nTP363135] "Foreign fund inflows have been fuelling gains in Taiwan stocks in the past few months, but foreign investors would likely be discouraged if the central banks made further moves to control liquidity," said Rayming Yu, chief investment officer at Prudential Financial Securities Investment Trust. Yu said gains in asset plays could continue to provide further support to the broader market, which is seen to trade mainly between 7,300 and 7,700 next week. Powerchip Semiconductor Corp <5346.two> surged 6.6 percent after its venture with Japanese PC memory maker Elpida Memory Inc <6665.t> turned profitable in July-September on rising prices of DRMA. [ID:nT273961] For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] --------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.91 pct Close on day 7,571.96 2009 intraday high 7,635.66 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ----------------------------------------------------------- (Reporting by Joan Hsu; Editing by Ken Wills) ((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:
[Story not fully loaded, incomplete text]

32.143/ 864 / +-0

2009-10-08T01:27:00.000-07:00

15:06 08Oct09 RTRS-Taiwan stocks fall, hurt by tech shares * Mediatek, TSMC push technology shares lower * PC shares down after Microsoft pares Windows 7 expectations * Asset plays up on stronger local currency * HTC slips on concerns of shrinking market share (Adds details) TAIPEI, Oct 8 (Reuters) - Taiwan stocks fell 1.38 percent on Thursday to back off a near 16-month closing high on Wednesday as doubts about the outlook for tech firms prompted some profit taking on recent gains. The main TAIEX share index <.TWII> closed 105.35 points lower at 7,503.31 following three days of gains. Turnover was T$161 billion ($5 billion), roughly in line with Wednesday. "Taiwan stocks paused for breath after their latest set of gains, with technology shares contributing to the session's fall as their sales have peaked and have mostly been factored in by the market," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. UMC , the world's second-largest contract chipmaker, dropped 3.14 percent ahead of its September sales report. After the market had closed, the company reported September sales rose 18 percent from a year earlier. [ID:nTPU001737] The electronics sub-index <.TELI> fell 1.93 percent. Citigroup gave a bearish outlook for UMC, saying the company could face growing pricing pressure from rivals. Shares in TSMC <2330.tw>, the world's largest contract chipmaker, fell 1.93 percent. Topping the list of most-active stocks by turnover was chip designer Mediatek <2454.tw>, which shed 4.39 percent even after reporting on Wednesday a 16 percent increase in September sales from a year earlier. [ID:nTP128196] Smartphone maker HTC <2498.tw> shed 3.33 percent after analysts from Goldman Sachs and HSBC lowered their ratings and target price on the firm on worries about its shrinking market share and smaller margins. Notebook PC makers, such as Acer <2353.tw> and Asustek <2357.tw>, also came under pressure after Microsoft said on Wednesday the effect of its next-generation Windows 7 operating system on PC sales could be muted. [ID:nL7114842] Acer was down 0.24 percent, while smaller rival Asustek slipped a bigger 1.96 percent. The broader computer and peripherals sub-index <.TCPI> was down 1.79 percent. However, firms with large land assets, including Yulon Motor <2201.tw> and Formosan Rubber <2107.tw>, jumped 2.16 percent and 3.88 percent, respectively, following a stronger local dollar. The Taiwan dollar has been cruising at a one-year high on fund inflows amid growing hopes that the global economic recovery could help riskier assets such as the local currency and Asian equities. HOT STOCKS -- Contract laptop PC maker Inventec <2356.tw> climbed 0.76 percent after a newspaper reported that it will form a joint venture with TPV Technology to manufacture All-In-One desktop PCs. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.38 pct Close on day 7,503.31 2009 intraday high 7,635.66 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 Neil Fullick)) ((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]
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32.180 / 0

2009-10-07T02:14:00.001-07:00

16:53 07Oct09 RTRS-Taiwan dollar ends flat as inflows offset c.bank * Taiwan dollar hovers at one-year high * Central bank buys U.S. dollars to curb local currency gains * Fund inflows support Taiwan dollar in early trade (Updates to close) TAIPEI, Oct 7 (Reuters) - The Taiwan dollar ended flat on Wednesday, hovering at a one-year closing high, as gains in foreign fund inflows were met by central bank interventions. The Taiwan dollar rose to T$32.117 to the U.S. dollar in early trade, as the greenback came under pressure following an Australian interest rate increase that lowered demand for the safe-haven U.S. currency. Foreign fund inflows were also major contributors to the local currency's gains in early trade, dealers said. Foreign investors bought a net total of T$9.6 billion ($299 million) worth of Taiwan stocks, which climbed to their highest closing level in nearly 16 months on Wednesday. But the central bank bought U.S. dollars to curb gains, dealers said. "The central bank was behind more than half of the trades today," said a dealer in Taipei. The central bank has intervened aggressively over the past week by buying U.S. dollars to pare gains in the Taiwan dollar and help the island's numerous export-reliant companies. Taiwan's exports in September fell 12.7 percent from a year earlier, logging the smallest decline since October last year. [ID:nTP228644] 0800 GMT PREVIOUS DAY T$ (Taipei Forex Inc) 32.180 32.180 Volume in $ mln (Taipei Forex Inc) 1,046 1,386 T$ (Cosmos) 32.140 32.167 Six-month NDFs -0.730/-0.680 -0.810/-0.760 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Rachel Lee; Editing by Chris Lewis) ((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:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Wednesday, 07 October 2009 16:53:49RTRS [nTP280527] {EN}ENDS

32.180/1046 / +9.6

2009-10-07T01:35:00.000-07:00

14:36 07Oct09 RTRS-Taiwan stocks end at 16-mth high, helped by banks * Stronger T$ boosts asset shares but hurts tech exporters * HTC up after reporting weak Q3 results * DRAM shares gain on better revenue prospects (Updates indexes; adds quotes, details) TAIPEI, Oct 7 (Reuters) - Taiwan stocks rose 0.96 percent on Wednesday to a 16-month closing high, with banking shares such as Cathay Financial <2882.tw> boosted by a strong local currency and expectations of an interest rate hike. The main TAIEX share index <.TWII> finished up 72.61 points at 7,608.66, its highest close since June 26, 2008. Turnover was a healthy T$160 billion ($5 billion), compared with Tuesday's T$149 billion and an average of about T$100 billion over the last week. "Foreign buying and a stronger local currency boosted financial and construction shares," said Eddy Chen, a vice president at National Investment Trust Co Ltd. The Taiwan dollar rose to a one-year high on Tuesday as the U.S. dollar came under pressure following a hike in Australian interest rates, raising expectations among some investors that Taiwan's central bank could soon follow suit. Foreign investors bought a net total of T$9.6 billion worth of stocks on Tuesday, after unloading T$10 billion worth on Monday. [ID:nTP122059] Cathay Financial, the island's top listed financial holding firm, surged 5.22 percent, leading the banking and insurance sub-index <.TFNI> up 2.58 percent. The rising Taiwan dollar also helped boost shares of real estate companies such as Farglory <5522.tw>, which jumped 4.5 percent, as the stronger local currency would make imports of raw material cheaper for property developers. But the strong local currency hit export-reliant technology stocks, with top contract chipmaker TSMC <2330.tw> slipping 0.48 percent and its smaller rival UMC <2303.tw> down 0.62 percent. "I would stay away from technology shares for now, because they've become too pricey and the sector's outlook in the fourth-quarter is quite gloomy," said Chen. HOT STOCKS -- Mediatek <2454.tw>, which designs chips for mobile phones, DVD players and flat-screen TVs, slid 3.21 percent after it reported a 6.4 percent fall in September sales. [ID:nTP128196] -- HTC Corp <2498.tw>, the world's No. 4 smartphone brand, rose 1.41 percent, even after it reported worse-than-expected quarterly results on Tuesday. [ID:nTP206011] -- Powerchip <5346.two>, Taiwan's largest DRAM chipmaker, rose 0.67 percent after research firm Gartner said global semiconductor revenue could grow about 10 percent next year after two years of declines. [ID:nTP204996] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.96 pct Close on day 7,608.66 2009 intraday high 7,619.03 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 Jonathan Hopfner)) ((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] [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> Wednesday, 07 October 2009 14:36:35RTRS [nTP277987] {EN}ENDS

dl r

2009-10-06T02:18:00.001-07:00

17:17 06Oct09 RTRS-Taiwan dollar firms, but c.bank intervenes * Foreign fund inflows, exporters push Taiwan dollar higher * C.bank buys US$, calls dealers to curb Taiwan dollar gains * Australia rate decision boosts Asian currencies (Updates to close) TAIPEI, Oct 6 (Reuters) - The Taiwan dollar rose for a second straight day on Tuesday as a result of foreign fund inflows and exporter deals, but the central bank curbed the local currency's gains by buying U.S. dollars. "A rise in the local stock market attracted foreign funds," said a dealer in Taipei. "Investor appetites for risky assets increased amid a growing sense that the global economic crisis could really come to an end after the Australian government raised interest rates." Dealers said exporter deals also helped the local currency's rise during the session. Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent rate on Tuesday, saying it was safe to row back on stimulus measures now that the worst danger for the economy had passed. [ID:nSYD520296] On Tuesday, foreign institutions bought a net of T$9.6 billion ($298 million) in Taiwan stocks <.TWII>. The index closed up 1.32 percent. The central bank bought the U.S. dollar during the session to curb the local currency's gains. "The central bank bought U.S. dollars half an hour before the market closed to prevent the Taiwan dollar from rising to much and too quickly," said a second dealer in Taipei. In early trade, a few dealers said they either received or heard that the central bank was making calls to enquire about banks with bigger U.S. dollar selling deals, though less aggressively than last week. Last week, the central bank aggressively bought U.S. dollars and called or visited banks to check on their deals. On Thursday and Friday, it bought so many U.S. dollars that the Taiwan dollar ended weaker. The central bank has been trying to steer the Taiwan dollar to trend stronger gradually as it wants to protect exporters, the mainstay of the island's economy. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.180 32.255 Volume in $ mln (Taipei Forex Inc) 1,386 1,001 T$ (Cosmos) 32.167 32.253 Six-month NDFs -0.810/-0.760 -0.830/-0.770 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges close at 0800 GMT. Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Roger Tung and Joan Hsu; Editing by Chris Lewis) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.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:[E] [Z] [MF] [M] [T] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 06 October 2009 17:17:48RTRS [nTP212142] {EN}ENDS

31.180 / 1386/ +9.6

2009-10-06T01:08:00.000-07:00

14:06 06Oct09 RTRS-Taiwan stocks end higher led by PC shares * Compal up after selling display subsidiary to Innolux * Chinatrust up on report it lost bid for AIG's Taiwan unit * TAIEX seen trading 7,500 and 7,600 this week (Adds quotes, details) TAIPEI, Oct 6 (Reuters) - Taiwan stocks ended up 1.32 percent on Tuesday, with Compal Electronics rising <2324.tw> after Innolux Display Corp <3481.tw> said it would acquire the laptop PC maker's display subsidiary. The main TAIEX share index <.TWII> finished 98.07 points higher at 7,536.05, tracking overnight gains on Wall Street and outperforming regional bourses. Compal Electronics, the world's No.2 contract laptop PC maker, jumped 3.71 percent, sending the computer and peripheral equipment sub-index <.TCPI> up 2.68 percent. Taiwan's Innolux Display Corp <3481.tw>, the world's No.2 LCD monitor maker, will acquire small-display maker TPO Displays <3195.two>, of which Compal owned 29 percent, via a share swap. "Not only did Compal remove a financial burden by selling TPO Displays, it can also claim part of TPO's future earnings," said Angela Hsiang, an analyst at KGI Securities. Other PC companies also gained, with Acer <2353.tw> rising 1.01 percent after a local newspaper cited company Chairman J.T. Wang as saying he expects 10 percent revenue growth in the fourth quarter from the preceding three months. Key technology exporters including Taiwan Semiconductor Manufacturing Co Ltd (TSMC) <2330.tw> gained ground after U.S. data showed a rebound in the services sector. TSMC, the world's largest contract chipmaker and the session's most active share by turnover, was up 0.65 percent. Shares of smartphone maker HTC <2498.tw> lagged the big board, rising 0.71 percent ahead of its third-quarter earnings, which are expected later on Tuesday. Turnover was a healthy T$146 billion ($4.5 billion), compared with Monday's T$95 billion and last week's daily average of about T$108 billion. "Foreign buying into Taiwan stocks has slowed since the beginning of October because they've become too expensive," said Alex Huang, a research director at Mega International Securities Co, who expects the main index to extend mild gains until the end of this week, trading between 7,500 and 7,600. The TAIEX has gained more than 60 percent since it hit a trough in January early this year. Financial shares <.TFNI> also rode on the upbeat momentum to close 1.47 percent higher, with Cathay Financial <2882.tw>, the island's top listed financial holding firm and the session's most active stock by volume, rising 2.86 percent. Chinatrust Financial <2891.tw> rose 2.37 percent after a local newspaper said it had lost in a bid for AIG's Taiwan insurance unit Nan Shan Life to Primus Financial. [ID:nTP89587] In September, sources told Reuters that Chinatrust Financial had offered $2.4 billion for Nan Shan, outbidding rivals. [ID:nTP89587] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.32 pct Close on day 7,536.05 2009 intraday high 7,599.62 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 Jonathan Hopfner)) ((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
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32.255/ 1001 / -10.2

2009-10-05T01:40:00.000-07:00

14:31 05Oct09 RTRS-Taiwan stocks end higher, Compal outperforms * Compal Elec gains on hopes of improving earnings * TSMC falls ahead of September sales * Innolux edges up after plan to acquire small-display firm (Updates indexes; Adds quotes, details) TAIPEI, Oct 5 (Reuters) - Taiwan stocks rose 0.35 percent on Monday, with Compal Electronics <2324.tw> leading gains on hopes of rising laptop PC shipments and after Innolux's <3481.tw> plan to acquire Compal's display subsidiary TPO Displays <3195.two>. The main TAIEX share index <.TWII> finished 26.10 points higher at 7,437.98, after recording its worst single-day percentage fall in seven weeks on Friday. Turnover was thin at T$95 billion ($2.9 billion), less active than Friday's T$116 billion. "Weak job data out of the United States weighed on sentiment a little, but individual companies that are expected to have better quarterly earnings outperformed," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Analysts said the TAIEX could trade between 7,200 and 7,500 this week. Compal Electronics, the world's No.2 contract laptop PC maker, advanced 2.49 percent. The electronics sub-index <.TELI> was up 0.22 percent. Goldman Sachs had said Compal's selling of its subsidiary TPO Display could help remove a cash flow overhang on Compal. Taiwan's Innolux Display Corp <3481.tw>, the world's No.2 LCD monitor maker, plans to acquire TPO Displays, formerly known as Toppoly. [ID:nTPU001723] Innolux Display Corp was up 0.86 percent, while TPO Displays ended up 0.5 percent. TSMC <2330.tw>, the world's largest contract chip maker and the session's most actively traded stock by volume and turnover, fell 1.12 percent. UMC <2303.tw> ended flat. TSMC and UMC are set to announce their September sales later this week. The electronics sub-index <.TELI> climbed more than 20 percent in the July-September period, outperforming the main index's 17 percent gain. A stronger local currency boosted asset-related shares. Construction shares <.TCOI> advanced 1.42 percent, with Kindom Construction <2520.tw> surging by its 7 percent daily limit. "Constructions shares rose as a result of a stronger local currency, and as some investors have bought real estate in an attempt to maintain the value of their assets," said Chiu. HOT STOCKS -- Compal Communications <8078.tw> went limit up after a newspaper reported that Nokia may allow contract makers such as Compal and Chi Mei Communications to manufacture a handset running its proprietary Maemo operating system. ---------------------TAIEX IN PERSPECTIVE---------------- Move on day 0.35 pct Close on day 7,437.98 2009 intraday high 7,599.62 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 Jonathan Hopfner)) ((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:[M] [T] [E] [D] [O] [C] [GRO] [MTL] [SOF] [Z] [MF] [PSC] [RNP] [DNP] [PTD] [PCM] [PEN] [PMF] [OIL] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Monday, 05 October 2009 14:31:46RTRS [nTP102260] {EN}ENDS

stock / 32.350/ 1345 / -13.1

2009-10-02T01:49:00.000-07:00

14:20 02Oct09 RTRS-Taiwan stocks log worst day in 7 wks, off 15-mth high * TAIEX snaps 3-day winning streak on Wall Street slide * TSMC leads technolog shares lower * TAIEX seen trading 7,200-7,600 points next week (Updates quotes, hot stocks) TAIPEI, Oct 2 (Reuters) - Taiwan stocks fell 1.77 percent in their worst percentage slide in seven weeks on Friday as fears of a sluggish U.S. economic recovery triggered profit taking in technology shares including TSMC <2330.tw>. The main TAIEX shares index <.TWII> closed 133.41 points lower at 7,411.88, after ending at a 15-month high the previous session. The retreat was the index's worst daily fall since Aug 18. TSMC , the world's largest contract chipmaker, slipped 3.7 percent, with the semiconductor sub-index <.TSII> down 2.7 percent. Turnover was moderate at T$116 billion ($3.59 billion), roughly in line with this week's daily average of T$108 billion. "The fall was mostly related to the tumble on Wall Street, which was weighed by a poor reading in ISM figures," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. "Some investors translated that number into less orders and more inventories, both of which are harmful to corporate earnings." The Institute for Supply Management's index of national factory activity showed growth eased in September from August's reading and was sharply below economists' forecasts in Reuters poll. [ID:nN01290505] Hon Hai <2317.tw>, the world's top electronics parts maker, was the second-most actively traded issue by turnover, falling 2.33 percent. The electronics sub-index <.TELI> was down 1.78 percent. Compal Electronics <2324.tw>, the world's No.2 contract laptop PC maker, jumped 3.11 percent. Its gains came after a newspaper reported that Compal has won orders from Dell to manufacture notebook PCs and a local brokerage house forecast Compal's laptop shipments will grow 25 perent next year on increasing demand. But Shin Kong Financial <2888.tw>, parent of Taiwan's No. 3 insurer, finished up 0.37 percent. It was the most active traded issues by volume. "Financial shares have seen a sharp climb since early this year due to closer trade ties with China, and they are bound to rise further until Taiwan and China sign a financial agreement," said Chung. On Thursday, a local newspaper reported that Taiwan and China will this month sign a long-awaited agreement allowing tighter ties between their financial institutions, sending Taiwan's banking shares to a near 14-month high. [ID:nTP37613] Taiwan stocks have climbed more than 60 percent this year, making it the second-best performing market among the 30 tracked by Thomson Reuters, just behind China's Shenzhen <.SZSA1>. Investors are still betting the closer ties will brighten the outlook for Taiwanese firms and push the main index higher, a Reuters poll showed. [ID:nTP374878] Analysts said they expect the Taiwan stocks to trade mainly between 7,200 and 7,600 next week. Innolux Display Corp <3481.tw>, the world's No.2 LCD monitor maker, advanced 0.25 percent on a newspaper report that it is set to acquire Compal's subsidiary, Toppoly <3195.two>. [ID:nTP288937] Toppoly slumped 10.87 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.77 pct Close on day 7,411.88 2009 intraday high 7,599.62 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 Kim Coghill)) ((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:[M] [T] [E] [D] [Z] [MF] [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> Friday, 02 October 2009 14:20:57RTRS [nTP286338] {EN}ENDS

stock */ 32.319/ 2302 / +10

2009-10-01T01:29:00.000-07:00

14:52 01Oct09 RTRS-Taiwan stock end at 15-month high, helped by banks * Financial shares rally on report of imminent MOU signing * Technology shares lose steam after recent gains * TAIEX seen trading between 7,400 -7,800 before year-end (Updates indexes; add quotes, details) TAIPEI, Oct 1 (Reuters) - Taiwan stocks ended up 0.48 percent at a 15-month closing high on Thursday, helped by shares like Cathay Financial on a report that Taiwan and China were set to sign a financial supervision agreement in October. The main TAIEX share index <.TWII> finished up 36.12 points to 7,545.29, its highest closing level since June 27, 2008. Taiwan and China will sign a long-waited agreement allowing tighter ties between their financial institutions, but Taiwan financial regulators declined to comment on the timetable for the financial memorandum of understanding (MOU). [ID:nTP37613] "Banking shares were the main booster for Taiwan stocks this morning, but investors took profits after the index came very close to hit a technical ceiling at 7,600," said Tu Jin-lung, the chairman of Grand Cathay Investment Services. The main index had risen as much as 1.2 percent, or 90.45 points, to 7,599.62 in early trade, which is the highest intraday level this year. Cathay Financial <2882.tw>, Taiwan's top listed financial holding firm, was the biggest positive influence on the index as it rose 2.81 percent. Shin Kong Financial <2888.tw>, parent of the island's No. 3 insurer, topped the most actively traded list by volume and surged more than 5 percent. The banking and insurance sub-index <.TFNI> was up 2.32 percent, hitting its highest close in over a year. Technology shares <.TELI> inched down 0.08 percent as they took a breather after strong gains earlier this week. Notebook PC makers were among top losers, with Quanta Computer <2382.tw>, the world's largest contract laptop PC maker, falling 2.67 percent. The computer and peripheral equipment sub-index <.TCPI> fell 0.79 percent. Turnover was moderate at T$135 billion ($4.2 billion), slightly more active than Wednesday's T$126 billion. Tu said Taiwan stocks could come under pressure in October as they had risen about 10 percent in September alone and 64 percent in 2009, thanks partly to warmer trade ties with China. Foreign investors bought a net T$142.2 billion worth of Taiwan shares in September, marking their fifth-biggest net monthly purchase ever. "Taiwan stocks could extend mild gains before the year ends, but a local election in the end of year could weigh on market sentiment," said Tu. Analysts said they expect the TAIEX to trade mainly between 7,400 and 7,800 in the fourth quarter. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.48 pct Close on day 7,545.29 2009 intraday high 7,599.62 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 Lincoln Feast) ((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]
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stock / 32.200 / 2208 / +12.6

2009-09-30T01:28:00.000-07:00

14:22 30Sep09 -Taiwan stocks at 2-wk high on foreign buying, TSMC up * TSMC, UMC and Chi Mei extend gains * C.bank says no signs of overheating in stock prices so far * Market up 17 pct in Q3, following 23 pct in Q2 * Fubon jumps after scrapping GDR plan to raise $900 mln (Updates quotes; Adds hot stocks, details) By Joan Hsu TAIPEI, Sept 30 (Reuters) - Taiwan stocks closed up 1.07 percent at a two-week closing high on Wednesday as foreign investors extended massive buying in TSMC <2330.tw> and other heavyweights. The main TAIEX share index <.TWII> rose 79.19 points to 7,509.17, a level not seen since Sept. 18 and hovering at a 15-month closing high. The main index finished the July-September period up 17 percent, after logging a 23 percent gain in the previous three months, which was the best rally since the fourth quarter of 2001. On Tuesday, foreign investors bought a net T$17.4 billion ($539 million) worth of Taiwan shares, expanding their purchases to T$130 billion for September, the highest monthly purchase since June 2007, according to data compiled by the Taiwan stock exchange. Topping the most actively traded lists by volume and turnover was contract chipmaker TSMC , rising 1.26 percent on top of its gain to 6.2 percent in the last two sessions. The semiconductor sub-index <.TSII> climbed 1.71 percent to its highest level in over 16 months. The gains by TSMC and other chip stocks come after Taiwan's government said it would allow contract chipmakers and flat-panel companies to expand their investments and acquire rivals in China. [ID:nTP321454] "Continued foreign buying helped push the main index up, as technology companies in Taiwan offered promising earnings and valuations," said Alan Tseng, a vice-president at Capital Securities. "Like South Korea, Taiwan relies on exports of electronic products for its economy, and I think the electronics sector will be a main boosting force for the main index in the fourth quarter. But Tseng said the index's rise would be moderate in the fourth quarter, given that it had climbed more than 60 percent since the beginning of this year, largely on the back of closer business ties with China. TSMC's smaller rival UMC <2303.tw> edged up 0.32 percent. LCD maker Chi Mei Optoelectronics <3009.tw> gained 0.9 percent, sending the optoelectronics sub-index <.TOPI> up 1.36 percent. Market sentiment also received a boost after Taiwan's central bank said on Wednesday that it saw no signs of overheating in the island's stock market or housing prices so far. [ID:nSP464987] Construction shares <.TCOI> rose 3.27 percent, with real estate developer Farglory <5522.tw> up 3.19 percent. HOT STOCKS -- Fubon Financial <2881.tw>, parent of Taiwan's No.2 insurer, advanced 1.4 percent after scrapping a plan for an overseas stock sale that would have raised up to $900 million, after reviewing market conditions. [ID:nTP62516] -- Hotai Motor <2207.tw> jumped 4.67 percent, on a newspaper report that it had raised its sales forecast for this year because of stronger-than-expected demand. -- China Air Lines <2610.tw> and smaller rival Eva Airways <2618.tw> slid 3.59 percent and 5.95 percent, respectively. The new shares of the companies via their rights issues started trading on Wednesday. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.07 pct Close on day 7,509.17 2009 intraday high 7,558.88 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] ((Editing by Chris Lewis)) ((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
Wednesday, 30 September 2009 14:22:14RTRS [nTP62480 ] {C}ENDS

stock / 32.376/ 844/ +17.4

2009-09-29T01:42:00.000-07:00

14:23 29Sep09 RTRS-Taiwan stocks log best gain in 1 month led by TSMC * TSMC, UMC led semiconductor shares to 15-month closing high * LCD companies outperform market * CPT rises on Nokia order report (Updates quotes, hot stocks; Adds details) TAIPEI, Sept 29 (Reuters) - Taiwan stocks rose 2 percent to post their biggest daily gain in one month on Tuesday, helped by TSMC <2330.tw>, after the government said it would allow contract chipmakers and flat-panel companies to acquire rivals in China. The main TAIEX share index <.TWII> finished 145.37 points higher at 7,429.98, logging its biggest percentage gain since Sept.1 and highest closing level in nearly a week. "The (China) news was a short-term catalyst for contract chip makers and flat-panel makers' stocks, but I think gains overnight on Wall Street also prompted investors to pick up technology shares," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Topping the most active lists by turnover and volume were Taiwan Semiconductor Manufacturing Co Ltd (TSMC) <2330.tw> and UMC <2303.tw> . TSMC jumped 4.94 percent and UMC rose 3.63 percent, pushing up the semiconductor sub-index <.TSII> 3.3 percent to its highest closing in more than 15 months. AU Optronics <2409.tw> , the world's No.3 flat-panel maker, advanced 2.76 percent, pushing the optoelectronics sub-index <.TOPI> 2.11 percent higher. Taiwanese firms have urged the government to allow them to invest in mainland China or use more advanced technologies to help cut costs and compete with rivals such as those in South Korea. The government has not given a timetable as to when it will allow such investments, said a government official. [ID:nTP321454] Turnover rose sharply from an over-one-month low in the previous session to T$102 billion ($3.1 billion), compared with Monday's T$76 billion. "It's understandable that investors won't buy stocks because the main index has climbed quite a bit and is hovering around its 2009 high, but they are unlikely to sell their holdings either because data from around the world points to stronger economic fundamentals," said Chiu. Financial shares <.TFNI> climbed 2 percent, with Cathay Financial <2882.tw>, the island's top listed financial holding firm, rising 1.71 percent. HOT STOCKS -- Chunghwa Picture Tubes (CPT) <2475.tw>, a small flat-panel maker, rose 2.16 percent on a newspaper report that it secured orders from Nokia . -- Contract laptop PC maker Inventec <2356.tw> advanced 1.37 percent on a newspaper report that it had won orders from Hewlett-Packard to manufacture notebook PCs. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 2.0 pct Close on day 7,429.98 2009 intraday high 7,558.88 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 Jonathan Hopfner)) ((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> Tuesday, 29 September 2009 14:23:12RTRS [nTP324766] {EN}ENDS

stock / 32.475/ 700 / -1.0

2009-09-28T01:21:00.000-07:00

14:45 28Sep09 RTRS-Taiwan stocks hit 2-wk low, casino-linked shrs down * Casino-related shares down after referendum rejected * HTC slides after rival RIM reports dismal profit, outlook * Notebook PC makers fall on report Windows 7 effect to wane * Chinatrust falls after fund-raising move * Turnover thinnest in more than 1 month (Updates quotes, details and hot stocks) TAIPEI, Sept 28 (Reuters) - Taiwan stocks fell 0.83 percent to end at their lowest in two weeks on Monday, with casino-related shares such as Firich slumping after voters in a remote province rejected a plan to allow Taiwan's first casinos to be built there. The main TAIEX share index <.TWII> fell 60.61 points to 7,284.61 points, its lowest closing level since Sept. 14. Turnover was at its thinnest level in over one month at T$75 billion ($2.3 billion), compared with Friday's T$96 billion and last week's daily average at around T$110 billion. "Taiwan stocks fell as casino-related shares lost ground after residents in Penghu vetoed the government's plan to build a casino resort there," said Tom Tang, a vice-president at Masterlink Investment Advisory. Residents of the Penghu islands voted against a plan to allow Taiwan's first casinos to be built in their county on Saturday, snubbing gaming giants Harrah's Entertainment Inc. [HAMLEH.UL] and MGM Mirage . [ID:nTP176918] Casino-linked shares such as Firich Enterprises <8076.two> and ASTRO <3064.two> fell by their daily limits of close to 7 percent. The tourism sub-index <.THOI> lost 1 percent. Having surged to a 14 month high earlier in September, some fund managers expected the TAIEX to trade rangebound and the turnover to remain thin until the companies post their September sales early next month. "The index faced some pressure of profit-taking, but there have been no major negative events recently that would lead to impulsive selling," said Bevan Yeh, a senior fund manger at Prudential Securities Investment Trust. Smartphone maker HTC Corp <2498.tw>, the most actively traded issue by turnover, slipped 3.13 percent after rival Research In Motion Ltd reported a lower profit and gave a dismal outlook. [ID:nN24466680] Netbook pioneer Asustek <2357.tw> slipped 4.26 percent, sending the the computer and peripheral equipment sub-index <.TCPI> down 2.9 percent. "Most notebook PC makers retreated after a major foreign institution downgraded the whole sector on ground that optimism sparked by the launch of Windows 7 operating system could already be priced in, leaving the share prices little room to increase," said Prudential's Yeh. Asustek's competitors, Quanta <2382.tw> and Compal <2324.tw>, fell 2.9 percent and 3.91 percent, respectively. Mediatek <2454.tw>, Taiwan's top chip design house, gave up gains in early trade to fall 0.2 percent and was the third-most active stock by turnover. A local newspaper reported that Motorola would use Mediatek's solutions in its mobile phones. HOT STOCKS -- Chinatrust Financial <2891.tw> shed 3.76 percent after it said on Friday it plans to raise up to $200 million for its U.S. subsidiary to improve its financial capability. [ID: nTP185749] -- Wei-Chuan Foods <1201.tw>, which is related to
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stock / 32.428/ 723 / -2.6

2009-09-25T01:15:00.000-07:00

14:30 25Sep09 RTRS-Taiwan stocks end 4-day loss, helped by banks * Banking and construction shares up after c.bank holds rate * UMC and TSMC lead technology shares higher * Epistar up after securing license from Philips Lumileds * TAIEX seen trading 7,200-7,400 next week (Updates index, adds quotes, details) TAIPEI, Sept 25 (Reuters) - Taiwan stocks rose 0.29 percent on Friday, helped by banking shares such as Fubon Financial <2881.tw> after Taiwan's central bank kept interest rates unchanged and said the pace of economic contraction had eased. The main TAIEX share index <.TWII> edged 21.00 points higher to end at 7,345.22, snapping a four-day losing streak. The TAIEX hovered at a 14-month high but fell 2.4 percent this week, its worst week in one month. Financial shares <.TFNI> were the session's top gainers, up 1.99 percent. Fubon Financial jumped 5.44 percent. Construction shares <.TCOI> were up 0.95 percent, with real estate developer Farglory <5522.tw> rising 3 percent. "Taiwan stocks outperformed regional markets with help from asset-related shares, probably because people felt they could take advantage of a low interest rate to borrow money and make investments," said Michael On, a managing director at Beyond Asset Management. Taiwan's central bank kept the interest rate steady at a record low and left the money supply growth target unchanged at 2.5-6.5 percent although growth in M2 has been exceeding its previous target for most of this year. M2 supply grew 8.17 percent in August from a year earlier. [ID:nTP44833] Financial shares were also buoyed by a local newspaper report that some Taiwanese banks with branches in Hong Kong will be allowed to do deposit and currency exchange business in Chinese yuan in Hong Kong. Taiwanese banks that have set up branches in Hong Kong, such as Chinatrust Financial <2891.tw> and Taishin Financial <2887.tw>, rose 1.67 percent and 2.66 percent, respectively. "Taiwan stocks are going through a technical correction, but we will not likely to see a major movement in the market because turnover is quite thin," said Alex Huang, a research director at Mega International Securities Co. Huang expects the main index to trade mainly between 7,200 and 7,400 next week. The exchange's turnover was light on Friday, with T$96 billion ($3 billion) worth of shares changing hands. Technology shares <.TELI> recouped losses in early trade, edging up 0.11 percent. UMC <2303.tw>, the world's second largest contract chip maker, rose 0.33 percent after a newspaper reported that it could beat its own third-quarter sales target after one of UMC's key clients raised its sales growth target. Its larger rival TSMC <2330.tw>, the world's largest contract chip maker, advanced 0.49 percent. Hon Hai <2317.tw> was flat after a newspaper reported that the electronics giant's Shanghai headquarters would be completed and in charge of its new business. But Catcher Technology Co <2474.tw>, the session's most actively traded stock by turnover, shed 4.02 percent as investors unloaded the stock on concerns it had become overvalued. Department store shares <.TDEI> were among the top gainers, rising 1.59 percent on hopes that a week-long holiday period in China would bring tourists and a boost in sales on the island. HOT STOCKS -- LED chip maker Epistar Corp <2448.tw> rose 0.3 percent after a newspaper reported that it has secured new LED technology licenses from Philips Lumileds after both companies settled a patent lawsuit. -- Chunghwa Picture Tubes (CPT) <2475.tw> slipped 1.77 percent after Chinese regulators approved a private share placement between C.P.T's subsidiary and China's Mindong Electric Group <000536.sz>. [ID:nHKG314647] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.29 pct Close on day 7,345.22 2009 intraday high 7,558.88 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 xxx ) ((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] Torex 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] [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> Friday, 25 September 2009 14:30:16RTRS [nTP149083] {EN}ENDS

stock / 32.395/ 748/ -4.9

2009-09-24T01:34:00.000-07:00

14:22 24Sep09 RTRS-Taiwan stocks fall for 4th session, TSMC weighs * TSMC leads technology shares lower * Investors stay cautious ahead of c.bank rate decision * Construction shares up on hopes of increased investments * Catcher falls after report of Goldman Sachs downgrade (Updates quotes, indexes) TAIPEI, Sept 24 (Reuters) - Taiwan stocks fell 0.71 percent on Thursday to their lowest close in more than a week, with technology heavyweight TSMC <2330.tw> leading losses as an overnight fall on Wall Street triggered a bout of profit-taking. The main TAIEX share index <.TWII> fell for the fourth straight session, closing down 52.54 points at 7,324.22, the lowest close since Sept 14. "Investors were expecting a pull-back and have been keen to cash in their gains in technology and financial shares, and a slide on Wall Street sped up the process," said Eddy Chen, a vice president at the National Investment Trust Co Ltd. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the session's most active share by turnover, fell 2.41 percent, even after Merrill Lynch raised its target price and earnings forecasts on TSMC on hopes of steady growth in demand and low inventory. [ID:nTP64430] Its smaller rival UMC <2303.tw>, also the second most actively traded stock by volume, fell 1.62 percent, sending the semiconductor sub-index <.TSII> 1.22 percent lower. Smartphone maker HTC <2498.tw> fell 0.69 percent. The electronics sub-index <.TELI> was down 0.67 percent. Turnover was light at T$90 billion ($2.8 billion), the lowest in nearly one month, as investors stayed cautious ahead of the central bank's rate-setting meeting later in the day. Taiwan's central bank is expected to keep its benchmark discount rate at a record low of 1.25 percent. [ID:nTP171816] "We don't expect a surprise in the central bank's interest rate decision, but investors will sieve through its comments for further direction on monetary policy," said Chen. Financial shares <.TFNI> fell 0.99 percent, with Chinatrust Financial <2891.tw>, Taiwan's biggest credit card issuer, falling 1.88 percent. But construction shares <.TCOI> recovered from a two-day loss, rising 0.39 percent as investors bought property shares on the expectation that a low interest rate could boost home sales. Construction company Chong Hong <5534.tw> jumped 3.23 percent. HOT STOCKS -- Catcher Technology Co <2474.tw>, a manufacturer of laptop casings, slipped 3.33 percent after a newspaper reported that Goldman Sachs has lowered its rating on Catcher to "neutral" from "buy" on concerns that its shares have become overvalued. -- Far EasTone <4904.tw>, Taiwan's third-largest telecommunications operator, edged 0.53 percent lower after it said it was interested in expanding into the cable TV business. [ID:nTP109155] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.71 pct Close on day 7,324.22 2009 intraday high 7,558.88 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 Ken Wills) ((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] [O] [C] [GRO] [MTL] [SOF] [PSC] [RNP] [DNP] [PTD] [PCM] [PEN] [PMF] [OIL] [TW] [ASIA] [STX] [EMRG] [LEN] [RTRS] [.TW] [.TWII] [.MSTW] For Relevant Price Information, Double Click on one of these codes:<.TWII> <.MSTW> Thursday, 24 September 2009 14:22:19RTRS [nTP44036] {EN}ENDS

st5ock / 32.369/ 748 /+2.0

2009-09-23T01:54:00.000-07:00

14:32 23Sep09 RTRS-Taiwan stocks fall before c.bank meeting; banks fall * Financials lose steam after a sharp climb on hopes of MOU * Smaller LCD panel makers outperform * Investors cautious ahead of c.bank board meeting * Main index seen range-bound near 7,400 points (Updates indexes, quotes, hot stocks) TAIPEI, Sept 23 (Reuters) - Taiwan stocks fell 1.24 percent to a one-week closing low on Wednesday, as investors stayed cautious ahead of the central bank's board meeting later this week, with financial shares leading losses after a recent rally. The main TAIEX share index <.TWII> ended 92.27 points lower at 7,376.76, the weakest close since Sept 15 and the biggest single day percentage fall in a week. Turnover was moderate at T$128 billion ($3.95 billion), slightly more active than Tuesday's T$112 billion. Taiwan's central bank will hold a rate-setting meeting on Thursday and is widely expected to keep its benchmark discount rate at a record low of 1.25 percent. [ID:nTP171816] "Investors generally hold an optimistic view about the economy, but a rising jobless rate tells a different story," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. "So they rely on the Federal Reserve and the local central bank to provide a better view on the current global economy." Chung said the market is likely to trade in a tight range until the end of September. Taiwan's seasonally adjusted jobless rate rose to a record of 6.07 percent in August from 6.01 percent in July. [ID;nTPU0016920] The market's decline was broad-based but financial shares were the most negative influence on the main index. Cathay Financial <2882.tw>, the island's top listed financial holding firm, slipped 2.23 percent, with the banking and insurance sub-index <.TFNI> down 2.18 percent. The financial sector had climbed more than 15 percent in the past month, as foreign and local investors aggressively bought financial shares on hopes of a much anticipated financial agreement with China. Taiwan and China have agreed to open their financial markets to each other, with a memorandum of understanding (MOU) expected to be signed this year. However, smaller LCD panel makers such as Hannstar Display <6116.tw> and Innoclus Display <3481.tw> outperformed, rising 0.41 percent and 1.46 percent, respectively. "While profits of large, flat panel makers might seen to have hit a ceiling, small to mid-size LCD makers are beginning to see growth in demand," said Chung. Hannstar Display was the session's most traded stock by volume, with its daily volume doubling from the average in the past five days. Samsung Electronics <005930.ks>, the world's biggest maker of memory chips, offered a cautious outlook for the semiconductor sector even as the industry is coming out of its two-year slump. [ID:nTP253351] Taiwan's top contract chip makers TSMC <2330.tw> and UMC <2303.tw> dropped 0.32 percent and 1.91 percent, respectively. HOT STOCKS -- Taiwan's Far Eastone <4904.tw> crept 0.54 percent higher after a newspaper reported it held talks with private equity firm MBK about acquiring its ownership in a Taiwan cable TV operator, China Network Systems (CNS). [ID:nTP313495] -- Taiwan High Speed Rail Corp <2633.two> fell 3.12 percent after it picked a government-backed chairman on Tuesday. [ID:nTP241017] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.24 pct Close on day 7,376.76 2009 intraday high 7,558.88 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 Ken Wills) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC
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stock/ 32.386/ 1096 /

2009-09-22T01:28:00.001-07:00

14:26 22Sep09 RTRS-Taiwan stocks edge lower, Hon Hai pulls techs lower * Technology shares subdued after recent rally * Bank issues climb on hope of MOU signing by end of 2009 * Chipmaker UMC most actively traded by volume * Innolux up after report of tie-up with a Japanese firm (Updates quotes, details) TAIPEI, Sept 22 (Reuters) - Taiwan stocks closed 0.45 percent lower on Tuesday, with technology heavyweight Hon Hai <2317.tw> leading the way, as investors were cautious before companies post their September sales. The main TAIEX share index <.TWII> ended 33.43 points lower at 7,469.03, lingering near a 15-month closing high. Turnover was less active at T$111 billion ($3.4 billion) from T$123 billion. "Investors have slowed down buying as they await September sales figures. And they want to get a clue of the outlook in 2010," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. Electronics giant Hon Hai <2317>, the most active by turnover, fell 2.37 percent, dragging down the electronics sub-index <.TELI> 0.55 percent lower. Hon Hai had climbed nearly 18 percent in the last month, outperforming the main index's 12 percent rise. "Shares in the tech sector have been going through a correction. In the longer term, technology shares are going to be the driver behind the main index's gains," said Yeh, who forecast Taiwan stocks to trend higher at a steady pace. He expected the market to consolidate between 7,400 and 7,600 points throughout the week. All Taiwan companies are required to report their September sales by Oct 10. Topping the most active list by volume was contract chipmaker UMC <2303.tw>, which advanced 2.6 percent and pushed the semiconductor sub-index <.TSII> up 0.09 percent. Morgan Stanley said in a research report that the semiconductor industry was emerging from a slump as chip prices rose and demand grew, a local newspaper reported on Tuesday. DRAM maker Powerchip Semiconductor <5346.two> rose 3.2 percent. Innolux Display Corp <3481.tw>, a PC monitor maker, climbed 3.9 percent on a newspaper report that it would team up with a Japanese LED maker to boost sales of LED monitors. Financial shares also gained, on a newspaper report that quoted director Wang Yi of China's Taiwan Affairs offices as saying the signing of a financial MOU between two sides could take place by the end of this year. Shin Kong Financial <2888.tw>, parent of Taiwan's No.3 insurer, jumped nearly 4 percent, with banking and insurance sub-index <.TFN> up 0.42 percent. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.45 pct Close on day 7,469.03 2009 intraday high 7,558.88 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 Chris Lewis)) ((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
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stock / 32.419/ 700 / -2.3

2009-09-21T01:05:00.000-07:00

14:39 21Sep09 RTRS-REFILE-Taiwan stocks end lower as Mediatek loses steam (Refiles to fix typo in headline) * Mediatek falls on fears over profit margins in Q4 * LCD makers gain on report of Sharp and Samsung patent fight * TAIEX seen trading between 7,400 and 7,700 this week (Updates indexes; quotes) TAIPEI, Sept 21 (Reuters) - Taiwan stocks ended 0.32 percent lower on Monday as investors sold high-flying tech shares such as Mediatek <2454.tw> that have helped push the market to this year's highest close on Friday, but LCD makers capped losses. The main TAIEX share index <.TWII> finished 24.09 points lower at 7,502.46, snapping a four-session winning streak. Turnover was moderate, with T$123 billion ($3.8 billion) shares traded, higher than last week's daily average of T$117 billion. "The pressure of profit-taking mounted after Taiwan stocks hit a new high in 2009 and overshadowed gains in smaller individual companies," said Kevin Yang, president at Paradigm Asset Management Co Ltd. Mediatek, Taiwan's top chip designer and supplier, declined 2.33 percent to T$503 after climbing mroe than 3 percent last week. BNP Paribas lowered its target price on Mediatek to T$518 on concerns of a drop in its fourth-quarter gross margin. Other tech heavyweights such as TSMC <2330.tw> and UMC <2303.tw> also slipped, falling 0.64 percent and 2.55 percent, respectively, pushing the semiconductor sub-index <.TSII> 0.58 percent lower. TSMC Chairman Morris Chang expected the world's largest contract chipmaker to increase revenue in the fourth quarter from the current three months, a local newspaper reported. [ID:nSP468352] But the optoelectronics sub-index <.TOPI> rose 1 percent, with Chi Mei Optoelectronics <3009.tw> rising 2.37 percent. A local newspaper reported on Monday that Taiwan's LCD makers could pick up orders left by Samsung Electronics <005930.ks> if the South Korean company is barred from making some exports to the United States due to a patent infringement with Sharp. In June, Sharp had won a fight with Samsung over patented technology for liquid crystal displays, according to an administrative law judge's ruling from the U.S. International Trade Commission. [ID:nN15240203] The automobile sub-index <.TAUI> was the session's top gainer, with Yulon Motor <2201.tw> jumping 4.83 percent on a newspaper report of a better-than-expected order in its self-developed vehicle Luxgen. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.32 pct Close on day 7,502.46 2009 intraday high 7,558.88 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 Ken Wills) ((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
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stock / 32.458/ 807 / +5.2

2009-09-18T01:38:00.000-07:00

13:59 18Sep09 RTRS-Taiwan stocks at 15-mth high on LCD, bio shares * LCD, biotechnology shares lead Taiwan stocks higher * Turnover thin following losses on Wall Street * Taiwan stocks inching towards overbought territory * Analysts say commodity stocks could rise next (Adds quotes, details) By Kelvin Soh TAIPEI, Sept 18 (Reuters) - Taiwan stocks rose 0.66 percent to a near 15-month closing high on Friday, as continued optimism over the global economic recovery helped boost LCD stocks including Chi Mei <3009.tw>. The main TAIEX share index <.TWII> ended the session up 49.25 points at 7,526.55, its strongest close since June 27 last year. "LCD shares have been climbing for quite a while now, and I'm not confident that they will climb much further," said Kevin Huang, a fund manager at King's Town Bank. "I would prefer to look at commodity-related shares now because the economic uptick could lead to inflationary pressures at some point, which is usually good for commodities." Taiwan's top LCD maker AU Optronics <2409.tw> rose 2.04 percent, while smaller rival Chi Mei closed up 4.32 percent after a local newspaper reported that Chi Mei was considering restarting work at a next-generation factory. Turnover was thin at T$113 billion ($3.5 billion), with some investors staying away after losses on Wall Street overnight. Other gainers included the biotechnology sub-index <.TBII>, which rose 1.95 percent as local media continued to play up fears over the H1N1 flu pandemic. Apex Biotech <1733.tw> was up 3 percent, while Excelsior <4104.tw> rose 5.95 percent. The Taiwanese market has climbed more than 63 percent this year, and is currently the third-best performing index among thirty tracked by Thomson Reuters, just behind China's Shenzhen <.SZSA1> and Shanghai <.SSEA> share indexes. Investors have been betting that closer ties with the island's giant neighbour China and a rebound in consumer demand in the United States, its second-largest export market by country, would be good for Taiwan's export-reliant companies. This month alone, Taiwan stocks have risen over 10 percent, with a relative strength index (RSI) reading of 64 and inching closer towards overbought territory. An RSI reading of above 70 is typically taken to mean that a share is overbought. "We could see some profit-taking pressure in the short term," said Tom Tang, vice-president at Masterlink Investment Securities. "I'm still optimistic about the long term, but the temptation to take profit after this rally is growing." For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Editing by Chris Lewis) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.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
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> Friday, 18 September 2009 13:59:18RTRS [nTP121219] {EN}ENDS

stock / 32.412/ 1490

2009-09-17T01:46:00.000-07:00

14:40 17Sep09 RTRS-Taiwan stocks end at 14-month high; Taiwan Mobile up * Taiwan Mobile up after buying Carlyle's cable TV operator * Taiwan Glass surges on news of China investment * Main index seen trading between 7,300 and 7,700 next week (Updates indexes, quotes and details) TAIPEI, Sept 17 (Reuters) - Taiwan stocks ended up 0.5 percent at a 14-month high on Thursday, and Taiwan Mobile <3045.tw> shares outperformed after the company bought Carlyle Group's cable TV unit in Taiwan. The main TAIEX <.TWII> finished 37.06 points higher at 7,477.30. Shares of Taiwan Mobile, the island's No. 2 telecom operator, surged 6.67 percent to a more than 2-month closing high. The electronics sub-index <.TELI> rose 0.27 percent. Taiwan Mobile had agreed to pay $1 billion for Carlyle's Taiwan cable TV unit in a share swap deal and after Bank of America upgraded the firm to "buy" from "neutral". [ID:nTP276635] "Taiwan stocks continued tracking gains on Wall Street and other regional markets, after positive economics data in the United States suggested a global economic recovery and prompted buying," said Alan Tseng, a vice president at Capital Securities. U.S. stocks rose for a third day on Wednesday, as U.S. industrial output advanced for a second consecutive month in August, while a government report showed a bigger-than-expected drop in crude inventories last week, indicating higher demand. [ID:nN16118540] But technology shares <.TELI> curbed the main index's gain. The technology sub-index had risen more than 70 percent since the beginning of this year. "Technology shares are going through a reasonable correction," said Tseng, who expects the main index to trade between 7,300 and 7,500 next week. Turnover was active at T$147 billion ($4.5 billion), up from Wednesday's T$132 billion. The glass and ceramic sub-index <.TGLI> was the market's top gainer, jumping 5.65 percent. Taiwan Glass <1802.tw>, the island's largest glass maker, surged nearly 7 percent on a media report it will spend T$16 billion to build a new factory in China, the company's largest-ever investment. Construction shares <.TCOI> shot up 3.25 percent after a local newspaper reported that average prices of a luxury mansion project in Taipei hit a record T$700 million. Real estate developer Farglory <5522.tw> jumped 5.51 percent. "Asset-related shares outperformed today, as investors bought construction shares to retain value in a stronger Taiwan dollar," Tseng said. The banking and insurance sub-index <.TFNI> climbed 1.27 percent, with Chinatrust Financial <2891.tw> up 4.74 percent. For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.5 pct Close on day 7,477.30 2009 intraday high 7,513.73 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- (Reporting by Joan Hsu; Editing by Ken Wills) ((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:
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stock / 32.492/1238/ +11.5

2009-09-16T01:38:00.000-07:00

14:20 16Sep09 RTRS-Taiwan stocks hit fresh 14-mth closing high on techs * Upbeat U.S. retail sales data boost technology shares * PC makers extend gains on hopes of growing demand * Taiwan Mobile gains on buying Carlyle's cable TV business (Updates indexes, quotes and details) TAIPEI, Sept 16 (Reuters) - Taiwan stocks rose 1.28 percent to their highest close in more than 14 months on Wednesday, as positive retail sales data from the United States boosted buying in technology shares such as Asustek <2357.tw>. The main TAIEX share index <.TWII> finished 93.98 points higher at 7,440.24, the highest close since June 30, 2008. Netbook pioneer Asustek outperformed the broader market, rising 2.68 percent. Analysts say Asustek's gross profit margin and sales could improve in the second half of the year on expectations that consumer demand for PCs would increase. U.S. retail sales rose in August at the fastest pace in 3-½ years, offering hope for a solid recovery from a severe recession. [ID:nN15548319] "Taiwan stocks rose amid growing confidence of a stronger global economic recovery," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. He expects the main index to trade between 7,400 and 7,500 points for the rest of the week. "Downstream technology companies fared especially well today and in the last couple of days, on hopes that growing demand for PCs would bring them more orders." The computer and peripheral equipment sub-index <.TCPI> rose 1.51 percent to a near 16-month high, extending gains from the previous session. Quanta Computer <2382.tw>, the world's largest contract laptop PC maker and a key supplier to top brands such as HP , advanced 1.92 percent. Hewlett-Packard has recently unveiled more than 20 new PCs ranging from netbooks, ultra-thin notebooks and desktop computers in Singapore, a local newspaper reported. Medical-related shares <.TCHI> were among the session's top gainers, jumping 2.35 percent, after the island's health authorities confirmed more deaths on H1N1 infections. Chung said while the main index is seen to trek higher over the next few months, the gains could be limited as high price shares began to show signs of waning momentum. Turnover was more active at T$132 billion ($4 billion) compared with Tuesday's T$97 billion. HOT STOCKS -- Taiwan Mobile <3045.tw> rose 1.16 percent after sources said it will acquire a Taiwanese cable TV business owned by the Carlyle Group [CYL.UL]. [ID:nTP280376] [ID:nTPU001681] -- LCD maker Chi Mei Optoelectronics <3009.tw> fell 0.62 percent after a newspaper reported that Goldman Sachs lowered its target price on Chi Mei on concerns that oversupply could push panel prices lower. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.28 pct Close on day 7,440.24 2009 intraday high 7,507.49 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 Ken Wills) ((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] [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> Wednesday, 16 September 2009 14:20:51RTRS [nTP195105] {EN}ENDS

stock / 32.637/ 794 / +5.7

2009-09-15T01:50:00.000-07:00

14:54 15Sep09 RTRS-CORRECTED-Taiwan stocks end higher, PC makers lead gains (Corrects to 14-month from 13-month in lead para) * Notebook PC makers gain on hopes of growing demand * Capital Securities up on news of acquisition (Updates indexes and quotes) TAIPEI, Sept 15 (Reuters) - Taiwan stocks rose 1.23 percent on Tuesday, hovering at a 14-month closing high, with PC makers such as Asustek <2357.tw> lifted by investor hopes of growing demand for portable PCs. The main TAIEX share index <.TWII> finished 89.31 points higher at 7,346.26, after posting its worst daily percentage drop in more than two weeks in the previous session. Turnover was thin at T$97 billion ($3 billion) compared with Monday's T$95 billion. Netbook pioneer Asustek was up 1.64 percent, pushing the computer and peripheral equipment sub-index <.TCPI> up 2.19 percent to a one-week high. Asustek Computer said on Monday it expects to ship 11-13 million portable PCs this year as demand increases in Europe and other markets. [ID:nTP126777] "Shares of Asustek rose as demand for portable PCs are seen rising in key markets, and other notebook PC makers share a similar view," said Angela Hsiang, an analyst at KGI Securities. Acer <2353.tw>, the world's No. 3 PC brand, jumped 3.38 percent. Hon Hai <2317.tw>, which assembles PCs for top U.S. brands, rose 2.45 percent. "Corporate demand is also expected to rise after the launch of Microsoft's Windows 7 operating system, and this could mean a boost in business for PC-related firms," said Hsiang. Financial shares <.TFNI> finished 1.01 percent higher, recouping losses from a bout of profit-taking in the previous session. Cathay Financial <2882.tw> climbed 0.95 percent. Investors ingored a media report that the signing a financial memorandum of understanding and a free trade-like agreement with China could be delayed. Capital Securities <6005.tw> rose 1.26 percent after Taiwan's seventh-largest broker said on Monday that it would acquire a financial firm as part of efforts to increase its book value, paving the way for more mergers. [ID:nTP127405] "The market is caught between investors unwillingness to buy as the TAIEX is hovering around a one-year high and reluctance to sell as the global economy is seen improving," said Tom Tang, a vice president at Masterlink Investment Advisory. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.23 pct Close on day 7,346.26 2009 intraday high 7,507.49 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 Ken Wills) ((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> Tuesday, 15 September 2009 14:54:20RTRS [nTP203085] {EN}ENDS

stock / 32.668/695

2009-09-14T02:03:00.000-07:00

14:14 14Sep09 RTRS-Taiwan stocks post biggest loss in 2 wks; AU falls * Tech heavyweights fall on Q4 outlook woes * Mediatek shines on growing demand for smartphones * Financial shares down on profit-taking (Updates indexes, quotes) TAIPEI, Sept 14 (Reuters) - Taiwan stocks ended 1.09 percent lower on Monday, posting their worst single-day drop in two weeks, led by tech heavyweights such as AU Optronics <2409.tw> on concerns about their fourth-quarter outlook. The main TAIEX share index <.TWII> finished 80.19 points lower at 7,256.95, after posting a weekly gain of 2.56 percent last week to end at a 14-month high. AU Optronics, the world's No.3 flat panel maker and the most actively traded stock by volume, shed 3.81 percent, sending the optoelectronics sub-index <.TOPI> 2.28 percent lower. "AU Optronics could face oversupply as major Korean panel makers increase production," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. "A surprise fall in August sales reported by several technology companies also raised a red flag about fourth-quarter demand in the technology sector." TSMC <2330.tw>, the world's No.1 contract chip maker, fell 1.44 percent. It posted a decline in August sales last week. However, Mediatek <2454.tw>, the session's most active stock by turnover, rose 2 percent. Mediatek, Taiwan's top chip designer and supplier, rose amid optimism that the smartphone sector could see continued growth, helped by increasing demand from emerging markets such as China. [ID:nHKG374470]. Banking shares <.TFNI> ended 2.11 percent lower as investors locked in recent profits, ignoring a media report that a memorandum of understanding (MOU) on Taiwan and China opening their financial sectors to each other may be signed as early as October. [ID:nTP50296] "It's unlikely that financial shares will surge like they did last week, unless the governments of China and Taiwan take more concrete actions towards the financial MOU," Chiu said. Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, slipped 2.2 percent. Chunghwa Telecom <2412.tw> edged up 0.35 percent after a local newspaper report said that it had signed an agreement with China Unicom <0762.hk> to cut roaming charges by up to 50 percent when running on each other's networks. Tourism shares <.THOI> finished 0.41 percent higher, as the long holiday beginning Oct 1. in China is expected to warm up the island's tourism business, a local newspaper said. Turnover was thin at T$94 billion ($2.88 billion), lower than last week's daily average of T$136 billion. "If turnover continues to be thin, the main index could hover at around 7,200 points" for the near future, said Andrew Deng, an assistant vice president at Taiwan International Securities Corp. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -1.09 pct Close on day 7,256.95 2009 intraday high 7,507.49 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- (Reporting by Joan Hsu; Editing by Jonathan Hopfner) ((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
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/ stock/ 32.628 / 754/ +5.1

2009-09-11T01:28:00.000-07:00

14:36 11Sep09 RTRS-Taiwan stocks inch up to 14-mth closing high on banks * TSMC, Hon Hai fall after worse-than-expected August sales * LCDs fall on news Korean peers could cut panel prices * Main index due for correction next week, analysts say (Updates indexes, quotes) By Joan Hsu TAIPEI, Sept 11 (Reuters) - Taiwan stocks inched up 0.07 percent to a fresh 14-month closing high on Friday, with TSMC <2330.tw> dragging tech shares lower after its weak August sales, but financials kept losses in check. The main TAIEX share index <.TWII> finished 5.06 points higher at 7.337.14, chalking up a fresh 14-month closing high and recording a 2.56 percent weekly gain. The technology sector <.TELI> was the session's top loser, falling 0.43 percent, with tech heavyweights TSMC <2330.tw> and Hon Hai <2317.tw> slipping 1.73 percent and 1.59 percent, respectively. "Technology shares have been major contributers to the main index's gains over the past two weeks, but investors are beginning to worry that perhaps they have become overvalued," said Alex Huang, a research director at Mega International Securities Co. The technology sector has gained more than 8 percent over the past two weeks. TSMC , the world's top contract chip maker, reported a 7 percent fall in August sales on Thursday, hitting the firm's shares on Friday. [ID:nTP182106] Turnover was light at T$97 billion ($3 billion), compared with Thursday's T$162 billion. The optoelectronics sub-index <.TOPI> also pressured the market, with LCD makers AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> falling 1.94 percent and 1.81 percent, respectively. The falls came after a local newspaper reported that Taiwan flat panel makers could expect a slip in sales as their bigger South Korean peers cut panel prices. Helping balance losses in the tech sector were financial shares <.TFNI>, which gained 0.77 percent, with Chinatrust Financial <2891.tw> up 2.5 percent. "Foreign investors rushed in to buy financial shares on hopes of warmer ties with China," Huang said, referring to the $887 million net purchase by foreign institutions on Thursday, the sixth highest on record. [ID:nTP122059] Mega Financial <2886.tw> climbed 3.45 percent to its best finish in over a year on news that it was the first among Taiwan banks to obtain approval from the Chinese government to set up a representative office in China in six years. Analysts said Taiwan stocks could be due for a correction next week after recording gains of about 7 percent in the past two weeks. "Taiwan stocks have seen considerable gains in the past two weeks, and we could see some correction or profit taking in the early part of next week," said Mega's Huang, who expects the index to find support at about 7,200. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.07 pct Close on day 7,337.14 2009 intraday high 7,507.49 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 Jonathan Hopfner)) ((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
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dlr

2009-09-10T02:35:00.000-07:00

17:23 10Sep09 RTRS-Taiwan dlr ends over 3-mth high after cabinet named * Market positive on potential China-Taiwan finance MOU * Central bank intervention and importer deals curb gains (Updates to close) TAIPEI, Sept 10 (Reuters) - The Taiwan dollar climbed sharply to more than a three-month closing high as investors bought the currency on a rally in Taiwan stocks, on prospects of a financial deal with China and a new cabinet named to ease criticism over a deadly typhoon. The Taiwan dollar closed at T$32.649, the strongest since June 5, after hitting a one-month intraday high at T$32.622 during the session. "The rally in the local currency was driven by a huge fund inflow to Taiwan stocks today, which surged on hopes of the imminent signing of a financial MOU with China," said a dealer in Taipei. On Thursday, foreign institutions bought a net T$28.9 billion ($887 million) worth of Taiwan stocks, marking their sixth-largest net purchase ever. [ID:nTP122059] The main TAIEX share index <.TWII> finished 1.12 percent higher at a 14-month high, with financial shares being the biggest contributors to the gain. But importer deals and central bank intervention weighed on the Taiwan dollar, dealers said. Importers have been keen to buy U.S. dollars at around T$32.650, pressuring the local currency, they said. Meanwhile, the central bank bought U.S. dollars throughout the session to keep the Taiwan dollar from strengthening further, said the dealer. The central bank preferred to keep the local currency relatively weak as part of efforts to help the island's exporters hurt by the global economic downturn. 0800 GMT WEDNESDAY CLOSE T$ (Taipei Forex Inc) 32.649 32.745 Volume in $ mln (Taipei Forex Inc) 1,080 1,032 T$ (Cosmos) 32.630 32.730 Six-month NDFs -0.500/-0.450 -0.510/-0.460 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges close at 0800 GMT. Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Alice Chen; 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:[Z] [M] [T] [MF] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Thursday, 10 September 2009 17:23:53RTRS [nTP290687] {EN}ENDS

stock / 32.649/ 1080

2009-09-10T01:42:00.001-07:00

14:35 10Sep09 RTRS-Taiwan stocks hit 14-mth high as banks rally * Taiwan stocks hit 14-mth high after cabinet reshuffle * Bank shares rally on hopes of Taiwan-China MOU * TSMC advances before Aug sales report (Updates to close) TAIPEI, Sept 10 (Reuters) - Taiwan stocks rose 1.12 percent to a 14-month closing high on Thursday as financial shares rallied on hopes Taiwan will soon sign a financial services agreement with China, following a cabinet reshuffle. The main TAIEX share index <.TWII> ended 81.36 points higher at 7,332.08, the highest closing level since July 24, 2008, recovering from its worst single daily loss in two weeks in the previous session. The banking and insurance sub-index <.TFNI> was the second-biggest winner with a 3.38 percent jump. Chinatrust Financial <2891.tw> and Cathay Financial <2882.tw> were the most actively traded issues by volume and turnover, respectively. "Here we have a new cabinet which is keen to speed up the signing of the much anticipated MOU (memorandum of understanding). I think the market is reacting quite positively to the combination," said Eddy Chen, a vice president at National Investment Trust Co Ltd. Taiwan replaced 11 ministers, including the economic minister, in a cabinet reshuffle late on Wednesday prompted by criticism of the government's response to a deadly typhoon hast month. [ID:nTP50290] It said on Thursday it expected to sign a financial services agreement with China soon, but no timetable has been set and some tough issues issues remain reresolved. [ID:nTP279863] Turnover climbed to its highest level in more than a month, with T$162 billion ($5 billion) worth of shares changing hands, versus T$137 billion a day earlier. Chinatrust, which a source said over the weekend had outbid three rivals in buying AIG's Taiwan life insurance unit, rose 2.05 percent. [ID:nPEK111026] Fubon Financial, the island's first financial holding firm that has bought a stake of a Chinese lender, soared 5.4 percent to a 15-month high. Cathay Financial, Taiwan's top listed financial holding firm, ended up 3.5 percent. But some analysts warned that the gains in financial stocks could not sustain. "There was no significant development in terms of signing the MOU, and we know nothing more than we did a month ago," said Victor Tseng, an analyst at KGI Securities. The main board also got a lift from the semiconductor sub-index <.TSII>, which closed 1.47 percent higher. TSMC <2330.tw>, the world's largest contract chip maker, rose 2.42 percent. Minutes before the market close, TSMC posted a 7 percent decline in its August sales from a year ago. [ID:TPU001667] Other gainers included shares of notebook PC makers such as Acer <2353.tw>, which rose 2.39 percent, as the world's No.3 PC brand and HP are expected to gain from consumer demand in China, India and other resilient Asian markets. [ID:nTP38837] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.12 pct Close on day 7,332.08 2009 intraday high 7,507.49 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
For Related News, Double Click on one of these codes:[M] [T] [E] [D] [Z] [MF] [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> Thursday, 10 September 2009 14:35:07RTRS [nTP281874] {EN}ENDS

stock / 32.745 / 1032

2009-09-09T01:40:00.000-07:00

14:19 09Sep09 RTRS-Taiwan stocks slip as technology shares weigh * HTC leads technology sector lower * UMC falls after stronger August sales * Medical-related shares up after more H1N1 deaths (Updates indexes and quotes) TAIPEI, Sept 9 (Reuters) - Taiwan stocks fell 0.87 percent on Wednesday, posting its worst daily drop in two weeks, as smartphone maker HTC Corp <2498.tw> led technology shares lower, following losses on regional markets such as China. The main TAIEX share index <.TWII> finished 63.27 points lower at 7,250.72, snapping an eight-session winning streak. Turnover fell to T$137 billion ($4.2 billion) from Tuesday's T$160 billion, the highest level in more than three months. "Taiwan stocks had climbed quite a bit over the past two weeks with help from technology shares, and it seems like they are going through a reasonable correction," said Tu Jin-lung, the chairman of Grand Cathay Investment Services. "The TAIEX also took a cue from major Asian markets such as China and Japan, which pulled back after a recent rally." Asian stocks drifted lower after initially hitting a one-year high on Wednesday, with investors taking a breather from moving money into riskier assets in the hope that the global recovery is strengthening. [ID:nSP90918] The technology sector <.TELI> had risen nearly 8.2 percent over the past two weeks, slightly more than the main index's 7.9 percent increase. Smartphone maker HTC, the session's most negative influence and the second most-active share by turnover, dropped 3.85 percent, sending the electronics sub-index 1.35 percent lower. HTC feared it could find itself in a weak position amid growing competition in the smartphone makers market. [ID:nTP334399] Shares of UMC <2303.tw> declined 0.93 percent after a research report by J.P Morgan said the world's No.2 contract chip maker could be expecting a decline in shipments in September. The contract chip maker logged its best monthly sales in nearly two years in August. [ID:nTP145252] Bucking the downward trend were medical-related shares <.TCHI>, such as China Chemical and Pharmaceutical <1701.tw>, which advanced 1.38 percent after the island's health authorities reported more H1N1-related deaths. Chinatrust Financial <2891.tw> was the most traded stock by volume, which finished 0.52 percent higher, after analysts said that its effort to acquire Nan Shan could help expand its platform to insurance. [ID:nTP32375] For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day -0.87 pct Close on day 7,250.72 2009 intraday high 7,363.11 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 ------------------------------------------------------------ (Reporting by Joan Hsu; Editing by Ken Wills) ((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] [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> Wednesday, 09 September 2009 14:19:19RTRS [nTP173376] {EN}ENDS

stock / 32.760 /1304

2009-09-08T01:25:00.000-07:00

14:20 08Sep09 RTRS-Taiwan stocks close at 1-yr high, exporters help * Tech shares gain on upbeat exports data * Premier's resignation has little impact on market * Construction stocks up on hopes of airport projects (Updates indexes and quotes) TAIPEI, Sept 8 (Reuters) - Taiwan stocks closed up 1.24 percent at their highest in over a year on Tuesday, as tech shares such as Hon Hai <2317.tw> rose after positive exports data and investors largely ignored the resignation of Taiwan's premier. "This so-called political earthquake did not shake the local stock market," Alan Tseng, a vice president of Capital Investment Trust said after Monday's surprise announcement that Premier Liu Chao-shiuan was stepping down in response to criticism over the government's response to a deadly typhoon last month. [ID:nSP494665] "Positive trade figures provided some confidence to the investors that the island's economy is recovering, while they hope that closer ties with China will speed up that process," Tseng said. After the close on Monday, Taiwan reported a snaller-than-expected fall in exports in August, largely due to an increasing demand from China. [ID:nTP338735] The main TAIEX share index <.TWII> rose for the eighth straight session, finishing up 89.40 points at 7,313.99, its highest close since Aug. 14, 2008. Turnover was moderate at T$159 billion ($4.8 billion), slightly more active than Monday's T$125 billion. The trade data boosted the tech-heavy index and prompted investors to buy technology shares such as Hon Hai <2317.tw>, which jumped 3.64 percent. LCD makers AU Optronics <2409.tw> and Chi Mei Optoelectronics <3009.tw> were among the top gainers, rising 3.03 and 1.5 percent, respectively. United Microelectronics Corp (UMC) <2303.tw> (UMC.N) recouped early losses to end up 0.94 percent. The world's No.2 contract chip maker will announce its monthly sales for August after the market close. Abu Dhabi's state-owned ATIC on Monday offered to buy Singapore rival Chartered Semiconductor , but analysts said the deal would not pose an imminent threat to TSMC <2330> and UMC, which control about two-thirds of the global chip foundry market. [ID:nTP91602] The construction sub-index <.TCOI> was the session's best performing sector, with real estate developer Farglory <5522.tw> rising by its 6.86 percent limit. The surge came after a research report by Morgan Stanley that construction shares could benefit from a development project in Taoyuan, as the newly appointed vice premier Eric Chu was keen to establish Taoyuan Airport City. Chinatrust Financial <2891.tw> declined 0.51 percent after it said it would raise more cash on top of a previously announced $1.34 billion private placement if its efforts to acquire AIG's Taiwan unit were successful. [ID:nT150778] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.24 pct Close on day 7,313.99 2009 intraday high 7,350.88 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.8) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((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
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stock / 32.865/ 596

2009-09-07T02:31:00.001-07:00

14:35 07Sep09 RTRS-Taiwan stocks up for seventh session, led by UMC * UMC rises before monthly sales report on Tuesday * Compal continues advance after upbeat forecast * Chinatrust up on news it outbids rivals for AIG Taiwan unit (Updates indexes and quotes) TAIPEI, Sept 7 (Reuters) - Taiwan stocks closed up 1 percent on Monday, hovering at a more than one-year closing high, with contract chip makers such as UMC <2303.tw> leading gains on the prospect of increasing orders. The main TAIEX share index <.TWII> finished 71.46 points higher at 7,224.59, gaining for a seventh straight session and posting its strongest close since August 14, 2008. Turnover was thin at T$125 billion ($3.81 billion), compared with Friday's T$138 billion. UMC , the world's second largest contract chip maker and the session's most active share by volume, surged 4.92 percent ahead of its August sales report on Tuesday. The semiconductor sub-index <.TSII> rose 1.55 percent. "Contract chip makers could be looking at a very busy quarter as the current quarter is usually the busiest time of the year," said John Chiu, a vice president at Fuh Hwa Securities Investment Trust. Shares of UMC's bigger rival TSMC <2330.tw>, the world's top contract chip maker, rose 3.33 percent. Further boosting sentiment was an offer by Abu Dhabi's state fund ATIC to buy Singapore's Chartered Semiconductor , raising expectations that further consolidation of the global chip sector is imminent. [ID:nT37096] Shares of DRAM chipmakers such as Powerchip <5346.two> and ProMOS <5387.two> also added points to the main board, rising 6.77 percent and 6.2 percent, respectively. "DRAM makers' shares rose on expectation of a boost in demand from the Chinese market and a hike in chip prices," Chiu said. Other tech gainers included contract laptop PC maker Compal Electronics <2324.tw>, which climbed 1.63 percent to lead the broader computer and peripherals sub-index <.TCPI> 0.47 percent higher. Compal Electronics expects shipments in the current three months to climb 20 percent from the second quarter, underscoring a return in consumer and corporate tech spending. []ID:nTP326653] Other gainers included banking and insurance shares <.TFNI>, which advanced 2.07 percent. "Financials and other China-sensitive shares are catching up with gains on the overall market," added Chiu. "Investors have been avoiding financial shares for weeks." Shares of Chinatrust Financial <2891.tw>, Taiwan's top credit card issuer, rose 1.04 percent. It offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source said on Saturday. [ID:nTP89584] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 1.00 pct Close on day 7,224.59 2009 intraday high 7,240.34 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.8) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Jonathan Hopfner)) ((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] [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, 07 September 2009 14:35:33RTRS [nTP33114] {EN}ENDS

stock / 32.905/ 896

2009-09-04T01:56:00.001-07:00

14:27 04Sep09 RTRS-Taiwan stocks end at over 1-yr high on Compal, HTC * Compal up on prospect of higher Q3 shipments * HTC climbs to 1-mth high on Sprint Nextel deal * UMC gains on reports of higher profit margin in Q3 (Updates closing prices, quotes) TAIPEI, Sept 4 (Reuters) - Taiwan stocks ended up 0.68 percent on Friday at their highest close in more than a year, as technology shares such as Compal Electronics <2324.tw> rallied on expectations of stronger sales in the third quarter. The main TAIEX share index <.TWII> finished 48.48 points higher at 7,153.13, its highest close since Aug. 15, 2008. Turnover was T$137 billion ($4.2 billion), lower than Thursday's T$138 billion but more than last week's daily average of T$89 billion. "Despite a slew of economic data at home and in the United States indicating a global economic turnaround, investors are still looking for reaffirmation, and the outlook provided by the technology companies fit the bill," said Charles Shen, the president of Taishin Investment Trust Co. Compal Electronics, the world's No. 2 contract laptop PC maker, surged 6.8 percent to a 16-month high, after analysts told Reuters the firm is expecting strong shipment growth in the current quarter.[ID:nTP315335] The computer and peripheral equipment sub-index <.TCPI> rose 1.81 percent. Compal's gain was further boosted by a newspaper report that it plans to increase investment in China. The company will hold it second-quarter investor conference later on Friday. Smartphone maker HTC <2498.tw>, the session's most actively traded stock, finished 5.92 percent up at an one-month high, after U.S telecom operator Sprint Nextel said it plans to sell the firm's Hero cellphone. [ID:nTP314736] "Taiwan is home to many of the world's top laptop PC makers and electronics parts manufacturers, and the main index is expected to benefit from their gains and climb higher within the next few months," Shen said. "But we'll need more good news from China if the TAIEX is to make a breakthrough." There has been little progress on a much-anticipated FTA-like agreement with China, known as the Economic Cooperation Framework Agreement, deemed crucial to Taiwan's global economic competitiveness. Taiwan stocks have gained more than 56 percent since the begining of this year, largely due to stronger trade ties with China. United Microelectronics Corp <2303.tw>, the world's second largest contract chip maker and the session's most active share by volume, shot up 5.17 percent after a newspaper reported that its third-quarter profit margin could reach a near two-year high. Another bright spot was Mediatek <2454.tw>, Taiwan's top chip designer and supplier, which climbed 2.32 percent after a local newspaper reported Mediatek's chips would be used in Vodafone 's two new cellphone models. China Steel <2002.tw>, Taiwan's top steel maker, dropped 0.5 percent, underperforming the steel and iron sub-index's <.TSTI> 0.71 percent fall. Its shares fell even after it raised domestic product prices by 8.6 percent in October-November from September as demand picked up. [ID:nTP367512] Automobile makers <.TAUI> were the session's top losers, with Yulon Motor <2201.tw> down 2.78 percent after a rally in the previous session. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.68 pct Close on day 7,153.13 2009 intraday high 7,185.52 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 Jonathan Hopfner)) ((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] [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> Friday, 04 September 2009 14:27:00RTRS [nTP312120] {EN}ENDS

stock / 32.907/ 523

2009-09-03T01:12:00.000-07:00

14:10 03Sep09 RTRS-Taiwan stocks end at 1-mth closing high, AU advances * AU, Chi Mei gain on plans to tap China market * Mediatek up after reports of good sales outlook * Compal rises after securing orders from Nokia (Updates indexes, quotes; adds hot stocks) TAIPEI, Sept 3 (Reuters) - Taiwan stocks ended up 0.92 percent at a more than one-month closing high on Thursday, with AU Optronics <2409.tw> outperforming after the LCD company said it was considering building a panel plant in China. The main TAIEX share index <.TWII> closed 64.88 points higher at 7,104.65, a level not seen since July 28. Turnover was T$138 billion ($4.2 billion), more active than Wednesday's T$130 billion. AU Optronics shares rose 2.29 percent and rival Chi Mei Optoelectronics <3009.tw> shot up 4.89 percent, pushing the optoelectronics sub-index <.TOPI> 1.7 percent higher. AU Optronics, the world's No.3 LCD maker, said it had received invitations from several city governments in China to set up a new panel plant on the mainland. [ID:nTP172108] Chi Mei optoelectronics told Reuters it expects to supply 40 percent of the panels needed by LCD TVs with Chinese brand names. [ID:nTP209929] "Taiwan's LCD makers probably felt more desperate than ever to gain market share in China, after their larger Korean peers took a step ahead to announce plans to build fabs in China," said Michael On, a managing director at Beyond Asset Management. On said the main index was seen entering a brief period of consolidation in the next couple of days, with the overall upbeat sentiment likely to remain, underpinned by institutional buying. "Most technology exporters reported better-than-expected second quarter earnings, and some people believe the gain would wind its way through the third quarter as the sector enters a peak season," added On. Foreign institutions had bought a net of T$13.3 billion ($404 million) in Taiwan stocks over the past two sessions, with most money flowing into technology shares, said analysts. Compal <2324.tw>, the world's No. 2 contract laptop PC maker, advanced 4.07 percent on a newspaper report that it had received orders from Nokia to manufacture 100,000 netbooks. Compal will hold its second-quarter investor conference on Friday. However, electronics parts giant Hon Hai <2317.tw> lost 1.63 percent after investors locked in recent profits. Hon Hai rose more than 9 percent over the past two sessions. HOT STOCKS -- Shares of Formosa Plastics <1301.tw> advanced 1.5 percent. A newspaper reported that top executives from Formosa Plastics group will visit Chinese rival Sinopec group next week, paving the way for possible cooperation between the two groups. -- Mediatek <2454.tw>, Taiwan's top chip designer and the session's most active share by turnover, gained 2.58 percent. The rise came after a newspaper reported that its monthly sales could reach a record at more than T$12 billion in August, and third-quarter sales could surpass its own estimate. ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.92 pct Close on day 7,104.65 2009 intraday high 7,185.52 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] [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> Thursday, 03 September 2009 14:10:49RTRS [nTP235888] {EN}ENDS

stock / 32.918/ 644

2009-09-02T01:27:00.000-07:00

14:51 02Sep09 RTRS-Taiwan stocks at near 3-wk high, led by Hon Hai * Hon Hai extends rally on news it would buy Sony's plant * Acer up on improving shipments, operating profit margins * Construction shares up on looser housing loans (Updates indexes, quotes; Adds hot stocks) TAIPEI, Sept 2 (Reuters) - Taiwan stocks rose 0.29 percent to hit a near 3-week closing high on Wednesday, as investors bought shares of technology firm such as Hon Hai <2317.tw> on prospects of increasing global demand for computing devices. The main TAIEX share index <.TWII> finished up 20.02 points at 7,039.77, its highest since Aug 14. Turnover was T$130 billion ($3.95 billion), slightly less than Tuesday's T$139 billion but more active than last week's daily average of T$89 billion. "Individual technology shares were the session's top gainers, with companies like Hon Hai and Acer gaining momentum on expectations of increasing demand globally," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. The TAIEX is expected to maintain upward momentum as long as turnover remains at T$100 billion or more, Chung said. Hon Hai was the most active share by turnover, extending Tuesday's 6.7 percent rally to rise 3.8 percent and outperforming the electronics sub-index's <.TELI> 0.09 percent rise. Hon Hai, the world's largest electronics parts maker, will buy an LCD TV assembly plant in Mexico from Sony Corp <6758.t>, the world's second-largest LCD TV maker, as part of its efforts to expand capacity. [ID:nT60617] Shares of Acer <2353.tw>, the world's No. 3 PC brand, advanced 2.55 percent. The company expects its operating profit margins to climb as high as 3 percent by 2010, helped by aggressive cost savings measures, a company official said on Wednesday. [ID:nTP160165] The banking and insurance sub-index <.TFNI> recouped earlier losses to end up 1.42 percent, with Fubon Financial <2881.tw> gaining 1.61 percent. A top official from Fubon, parent of Taiwan's No.2 life insurer, told Reuters on Tuesday that the firm plans to invest in a commericial bank and a brokerage house in China. [ID:nTP66235] Construction shares <.TCOI> were the day's top winners with a 4.41 percent rally, with real estate developer Farglory <5522.tw> rising limit-up. Taiwan's top two mortgage loan providers planned to loosen loans to condo buyers, a local newspaper reported on Wednesday. The steel and iron sub-index <.TSTI> was the biggest loser, ending down 1.22 percent, with China Steel <2002.tw> dropping 1.66 percent. China would take measures to tighten its economic growth and imports of raw materials, a local newspaper reported on Tuesday. HOT STOCKS -- Shares of Chi Mei Optoelectronics Corp <3009.tw>, the world's No. 4 LCD maker, edged down 0.3 percent, after it told the Reuters China Investment Summit it was concerned the sector will suffer oversupply if companies build more LCD plants in China. [ID:nTP209929] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 0.29 pct Close on day 7,039.77 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Jonathan Hopfner) ((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] [M] [T] [MF] [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> Wednesday, 02 September 2009 14:51:27RTRS [nSEO162144] {EN}ENDS

stock / 32.857/ 643

2009-09-01T01:49:00.001-07:00

14:45 01Sep09 RTRS-Taiwan stocks at 2-wk closing high;Hon Hai surges * Hon Hai jumps on stronger-than-expected Q2 profit * Worries ease as China fine-tunes protest in Dalai Lama row * Evergreen Marine down after posting losses (Updates quotes; Adds hot stocks, details) TAIPEI, Sept 1 (Reuters) - Taiwan stocks rose 2.84 percent, chalking up their best daily percent gain in over two months to end at a two-week closing high on Tuesday, led by tech heavyweights such as Hon Hai after its solid quarterly earnings. The main share index <.TWII> finished 193.8 points higher at 7,019.75, logging its strongest close since Aug. 14 and best single-day percentage rise since June 24. Turnover was more active at T$139 billion ($4.2 billion) compared with Monday's T$86 billion. Investor concerns were eased after the Chinese government fine-tuned its protest against Taiwan for hosting the Dalai Lama, the Tibetan spiritual leader Beijing brands a separatist. [ID:nTP61651] "Investors bought technology shares under a backdrop of relatively strong profits and increased demand in computing devices," said John Chu, a vice president at Fuh Hwa Securities Investment Trust. "They also felt more comfortable putting money into the market after Chinese stocks firmed today and as they sensed the Chinese government was unwilling to damage fast-improving cross-straits relations." Electronics parts giant Hon Hai <2317.tw> was the most actively traded issue by turnover, going limit up. The electronics sub-index <.TELI> jumped 3.49 percent, outperforming the main board. Hon Hai, the world's largest electronics parts maker, reported a net profit of T$15.03 billion in the April-June period on Monday, beating market expectations, amid improving global demand. [ID:nTP3024] Mediatek <2454.tw>, the second-most active share by turnover, was also limit up after a local newspaper reported that the top chip designer and supplier posted upbeat half-year results and Morgan Stanley raised its target price on Mediatek stocks. Financial shares <.TFNI> closed up 3.22 percent, with the island's top listed financial holding firm, Cathay Financial <2882.tw>, rising 4.13 percent. JPMorgan told Reuters at the China Investment Summit that Chinese banks are expected to seek investment opportunities in Taiwan. [ID:nHKG41061] Evergreen Marine <2603.tw>, the world's fourth-largest container line, fell 1.01 percent after it reported a net loss for the second quarter and in the first half on Monday. [ID:nTPU001635] ---------------------TAIEX IN PERSPECTIVE------------------ Move on day 2.84 pct Close on day 7,019.75 2009 intraday high 7,142.63 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 Jonathan Hopfner) ((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> ($1=32.87 Taiwan Dollar) Keywords: MARKETS TAIWAN STOCKS/
For Related News, Double Click on one of these codes:[E] [Z] [MF] [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> Tuesday, 01 September 2009 14:45:36RTRS [nTP63611] {EN}ENDS

stock 32.923/ 676 /

2009-08-31T01:25:00.000-07:00

14:36 31Aug09 -Taiwan stocks end higher on Compal; banks curb gains * Compal gains after solid Q2 results * Investors eye Chinese stocks and the Dalai Lama's visit * Financials fall on fears China may call off trade deal * Evergreen falls before reporting second-quarter losses (Update indexes, adds comments) TAIPEI, Aug 31 (Reuters) - Taiwan stocks ended up 0.24 percent on Monday to a one-week closing high, with PC makers such as Compal <2324.tw> leading gains after strong quarterly earnings, but declines in Chinese stocks capped gains. The main TAIEX share index <.TWII> finished up 16.09 points at 6,825.95, its strongest close since Aug 24. Turnover was thin at T$85 billion ($2.58 billion), as worries of a possible cabinet reshuffle, the Dalai Lama's visit, as well as media reports playing up the threat posed by the H1N1 influenza kept investors on the sidelines. "Technology companies that reported market-beating earnings led gains," said Rayming Yu, CIO at Prudential Financial Securities Investment Trust. "These results also reassured investors that the economy is taking on a slow recovery." Compal Electronics, the world's No. 2 contract laptop PC maker, rose 1.53 percent, pushing the electronics sub-index <.TELI> 0.31 percent higher. A key supplier to top brands such as HP and Dell , it reported better-than-expected quarterly earnings on Friday, helped by robust demand for notebook PCs and LCD televisions. [ID:nTP304868] Mediatek <2454.tw>, Taiwan's top chip designer and supplier and also the session's second most active stock by turnover, outperformed the main board to rise 0.84 percent. The firm's gains come after Intel Corp , the world's largest chipmaker, raised its outlook for third-quarter revenue on stronger-than-expected demand for its microprocessors and chipsets. [ID:nN28172958] Other gainers included construction shares <.TCOI>, which rose over 4 percent as investors bought into property developers such as Farglory <5522.tw>, which climbed on reports that banking firms were increasing their property investments. Medical-related plays such as China Chemical and Pharmaceutical <1701.tw> also climbed, rising 3.16 percent after the local health authorities reported more cases of severe H1N1 influenza infection. Weighing on sentiment was a plunge in China stocks, with the Shanghai Composite Index <.SSEC> falling by over 5.5 percent on Monday. [ID:nBJD002974] "Taiwan stocks took its cue from Chinese stocks, which fell below a key support level, dragging down major Asian markets. In the long term, volatile Chinese stocks could post threat to the Taiwan market's stability." Yu said. China-sensitive financial shares such as Taiwan's top credit card issuer Chinatrust <2891.tw> slipped 2.66 percent, as investors feared that any pullback in warming cross-strait ties could hit the banking industry. This also comes amid a visit by Tibetan spiritual leader the Dalai Lama, raising fears that China could call off a highly anticipated economics agreement with the island. The broader banking and insurance sub-index <.TFNI> was down over 1 percent. HOT STOCKS -- Evergreen Marine <2603.tw> closed 0.5 percent lower. The world's fourth-largest container line reported a net loss of T$1.976 billion in the second quarter after the market close, beating market expectations. [ID:nTPU001635] --------------------- TAIEX IN PERSPECTIVE --------------- Move
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stock / 32.925/ 759 / +12.7

2009-08-28T01:40:00.000-07:00

14:19 28Aug09 RTRS-Taiwan stocks rebound; Acer rises after Q2 results * Acer, Formosa Plastics rise after Q2 results * Positive U.S. data fuels export-reliant tech shares * Banking shares up on report of govt-backed fund buying * TSMC up on outsourcing orders from Fujitsu (Updates to close; adds quotes, details) TAIPEI, Aug 28 (Reuters) - Taiwan stocks closed up 1.78 percent on Friday, ending a three-session losing streak, as Acer <2353.tw> led gains after the world's No. 3 PC company reported earnings in line with market estimates. The main TAIEX share index <.TWII> finished 119.11 points higher at 6,809.86, wrapping up the day to post a 2.3 percent weekly gain. Acer, the session's fifth most active share by turnover, rose 3.25 percent, outperforming the electronics sub-index's <.TELI> 1.88 percent rise. Shares of Formosa Plastics <1301.tw>, a top Asia petrochemical producer, rose 2.19 percent after the company logged a better-than-expected second-quarter net profit. [ID:nTP226098] "Investors seemed to have turned to corporate earnings for reassurance," said Michael On, managing director at Beyond Asset Management. "Upbeat economic data from the United States also helped reinforce their confidence in a global economic recovery." The U.S. economy shrank less than expected in the second quarter, despite a record drop in inventories, and few workers filed new claims for jobless benefits last week. [ID:nN27303398] Adding to the gains on the broader market was a local media report that some government-backed funds have bought into Taiwan stocks since Wednesday to help pare losses, with the aim of keeping the main index <.TWII> above the 6,700-point level. Taiwan stocks fell more than 2 percent in the past three days as political uncertainty and worries over an H1N1 outbreak triggered a broad sell-off. Investors were also concerned that the Dalai Lama's visit to Taiwan would hurt China-related shares. Taiwan, a self-ruled island claimed by Beijing, approved the visit by the Nobel laureate to comfort victims of a deadly typhoon. [ID:nSP311815] "The last thing that the government wants is to see stocks tumble. They've taken a step ahead to buy into China-sensitive shares," said Kevin Yang, a president at Paradigm Asset Management. The banking and sub-index <.TFNI> climbed 2.41 percent, with Chinatrust Financial <2891.tw> jumping 4.16 percent. Yang said he expects the TAIEX to remain volatile until the end of next week, trading mainly between 6,700 and 6,900, before Taiwan's government announces its new cabinet members. TSMC <2330.tw>, the world's top contract chip maker, also the session's third most active share by turnover, rose 1.19 percent on outsourcing orders from Japan's Fujitsu <6702.t>. [ID:nT203855] Dell Inc , the world's No. 2 personal computer brand, reported a stronger-than-expected quarterly profit on Thursday, sending shares of its contract makers, such as Quanta <2382.tw> and Compal <2324.tw>, higher. [ID:nN27317400] Quanta and Compal, the world's top two contract laptop PC makers, advanced 2.67 percent and 2.19 percent, respectively. Shares of Asustek <2357.tw> rose 1.54 percent, after its partner, Garmin , said it had picked a U.S. carrier for a line of smartphones. [ID:nN27326271] Smartphone maker HTC <2498.tw> rose 1.99 percent after a local newspaper reported that the company will jointly develop 3G chipsets wit China Telecom <0728.hk>. Delta Electronics Inc <2308.tw>, the world's top maker of power supplies for electrical devices, surged 6.24 percent after a newspaper reported that it would launch an electronic reading device in 2010 to gain market share in the expanding e-book market. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.78 pct Close on day 6,809.86 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.87) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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
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stock / 32.916/ 582 / +1.6

2009-08-27T01:20:00.000-07:00

14:34 27Aug09 RTRS-Taiwan stocks fall but Mediatek, Amtran gain * Political uncertainty continues to weigh on market * Mediatek up on hopes of closer ties with China Mobile * Amtran jumps after giving upbeat 2010 outlook (Updates indexes; add quotes, details) TAIPEI, Aug 27 (Reuters) - Taiwan stocks ended down 0.42 percent on Thursday, as lingering worries over a possible cabinet reshuffle and an H1N1 outbreak triggered selling, but some tech shares such as TV maker Amtran <2489.tw> defied weakness. The main TAIEX share index <.TWII> finished 28.46 points lower at 6,690.75, extending a two-day losing streak. Turnover was thin at T$79 billion ($2.4 billion) compared with Wednesday's T$101 billion. "Taiwan stocks ended lower as a result of investors' lack of confidence," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. "Turnover would likely remain thin as investors wait for signs to return to the market." Yeh said investors would keep an eye on market movers such as Chinese stocks and wait for more economic data to reassure them that the global economy is on the mend. However, investors bought shares of technology companies such as Hon Hai and Mediatek. Mediatek <2454.tw>, Taiwan's top chip designer and supplier, rose 1.20 percent after reports its chairman was meeting with the chairman of China Mobile <0941.hk>. Electronics giant Hon Hai <2317.tw> rose 1.4 percent, as one of its major clients, Apple , would soon introduce a touchscreen tablet device. [ID:nN26278975] Amtran Technology, maker of the Vizio brand of flat-screen TVs, rose to its 7 percent daily limit after the company said on Wednesday its global TV shipments would rise 60-70 percent next year. [ID:nTP150786] The steel and iron sub-index <.TSTI> fell 0.82 percent after a local newspaper reported that Chinese government would take measures to curb overcapacity among steel and cement producers. Shares of AU Optronics <2409.tw> rose 0.47 percent after a local newspaper reported that K.Y. Lee, chairman of AU and Qisda Corp <2352.tw>, and five others charged with insider trading were acquitted on Wednesday after a two-year trial. Tourism shares <.THOI> gained 1.9 percent after a local newspaper reported that direct flights between Taipei's Songshan Airport and Shanghai's Hongqiao Airport will begin from May 1, 2010, adding extra capacity to the currently crowded cross-strait flights. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.42 pct Close on day 6,690.75 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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]
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stock / 32.924/ 551 / +5.3

2009-08-26T01:33:00.000-07:00

14:27 26Aug09 RTRS-Taiwan stocks end lower, hit by LCD shares * LCD makers fall on LG plans to build plant in China * Property stocks fall after mortgage subsidy ends * Medical-related plays jump on report of more H1N1 cases (Updates to close; adds quotes, details) TAIPEI, Aug 26 (Reuters) - Taiwan stocks closed down 1.32 percent on Wednesday, pulled down by LCD makers such as AU Optronics <2409.tw> after bigger rival LG Display <034220.ks> signed a non-binding agreement to build a plant in China. The main TAIEX share index <.TWII> finished 90.2 points lower at 6,719.21, retreating for a second straight session. "LCD makers in Taiwan fear that they could become less competitive compared to their South Korean counterparts in winning orders as a result of the LG deal," said Tu Jin-lung, chairman of Grand Cathay Investment Services. Losses were led by the world's No.3 flat-panel maker AU Optronics , also the second most active share by volume, which slipped 3.02 percent. The optoelectronics sub-index <.TOPI> ended 2.73 percent lower. Its shares fell after bigger rival LG Display <034220.ks> said it had signed a non-binding agreement to build a plant in China, in a move that could help the South Korean firm win more Chinese contracts. [ID:nSEO41715] Au Optronics' smaller cross-town rival Chi Mei Optoelectronics <3009.tw> also dropped, slipping 4.99 percent. Turnover was thin at T$101 billion ($3.07 billion), amid political turmoil in the aftermath of Typhoon Morakot that could result in a cabinet reshuffle, and as local media played up stories about the ongoing threat of H1N1 flu outbreaks. "With a turnover so thin, the market could be exceptionally vulnerable to any sentiment swings," said Tu, who expects the TAIEX to remain volatile until early September, when the government releases its new cabinet list. Construction and real estate stocks <.TCOI> also slipped, falling 4.95 percent after local newspapers reported that the island's government would end a subsidy programme that gave home buyers preferential mortgage rates. Property developers were worst hit, including Taiwan Land <2841.tw>, which fell by its daily 7 percent maximum limit. Gainers included medical-related plays. China Chemical and Pharmaceutical <1701.tw>, the session's sixth most-active stock by volume, surged nearly 7 percent after Taiwan's health authorities warned that H1N1 infections could peak this autumn. HOT STOCKS -- Quanta <2382.tw>, the world's largest contract laptop PC maker, jumped 3.13 percent after a local newspaper reported that it had won a contract to make 3G-enabled netbooks for China Mobile <0941.hk>. -- Compal <2324.tw>, the world's second-largest contract laptop PC maker, climbed 1.25 percent after a local newspaper reported that the company had won a contract to manufacture Nokia's newly launched netbooks. ---------------------TAIEX IN PERSPECTIVE--------------------- Move on day -1.32 pct Close on day 6,719.21 2009 intraday high 7,142.63 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 Ken Wills) ((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
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dlr

2009-08-25T01:57:00.001-07:00

16:46 25Aug09 RTRS-Taiwan dollar down on stock losses * Investors short-cover U.S. dollar as stocks fall * Dealers wary of central bank intervention * Central bank prefers weak T$ after export orders decline (Adds details, quotes) TAIPEI, Aug 25 (Reuters) - The Taiwan dollar fell on Tuesday from a two-week closing high in the previous session with investors covering their short positions on the U.S. dollar as the stock market fell. "Investors were covering their short positions in the U.S. dollar. Nobody was in an upbeat mood because the stock market is falling," said a dealer in Taipei. Taiwan's stocks <.TWII> fell 0.42 percent, with foreign institutions selling a net T$676 million ($20 million) during Tuesday's session. Earlier in the day, importers were in the market buying U.S. dollars, taking advantage of three straight sessions of rises in the local currency through Monday. A firming Taiwan dollar allows importers to use less of the local currency to convert into U.S. dollars needed for their overseas purchases. On Monday, the Taiwan dollar had closed at its strongest since Aug. 11, after rising for three straight sessions. Some dealers were also cautious about central bank intervention, especially as Taiwan's exports and orders were still falling. The central bank has been steering the Taiwan dollar towards a weakening stance for most of this year to help boost the island's export competitiveness. Exports are the mainstay of the technology-reliant economy. Taiwan's export orders in July fell 8.77 percent from a year earlier, the smallest decline since October 2008, although the jobless rate hit a record high of 6.01 percent in the same month, suggesting the economy was still not fully recovered. [ID:TP368545] Some political uncertainty due to an imminent cabinet reshuffle, and the spread of the H1N1 virus globally also weighed on sentiment. Dealers said there would be little impact after the United States reappointed Ben Bernanke as Federal Reserve chairman for a second term, as the move was in line with market expectations. 0800 GMT FRIDAY'S SESSION T$ (Taipei Forex Inc) 32.920 32.863 (close) Volume in $ mln (Taipei Forex Inc) 515 494 T$ (Cosmos) 32.918 32.860 (close) Six-month NDFs -0.460/-0.410 -0.450/-0.400 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Daily trading ends at 0800 GMT. Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Lee Chyen Yee and Alice Chen; Editing by Chris Lewis) ((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.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] [E] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 25 August 2009 16:46:38RTRS [nTP63214] {EN}ENDS

stock / 32.920 /515 / -0.68

2009-08-25T01:07:00.000-07:00

14:09 25Aug09 RTRS-Taiwan stocks close down as financials drop * Financial shares fall amid valuation worries * PC shares gain on upbeat sector outlook and Nokia entry * Medical plays climb after more H1N1 deaths * Trade thin amid market volatility and political fears (Adds details and comments) TAIPEI, Aug 25 (Reuters) - Taiwan stocks closed 0.42 percent lower on Tuesday, pulled down by financial stocks such as Taishin Financial <2887.tw> on concerns that banking shares had become overvalued. The main TAIEX share index <.TWII> closed 28.84 points lower at 6,809.41, a day after it logged its biggest percentage rise in about two months. Turnover was thin at T$84.64 billion ($2.57 billion), lower than the average of most trading days, as many investors were put off by recent market volatility and by concerns of further swings from a possible political reshuffle in the aftermath of Typhoon Morakot. Financial shares <.TFNI> were the session's top losers, falling 1.9 percent. Taishin Financial dropped 4.4 percent. "Financial shares have climbed a fair bit recently, and this seems like a fairly reasonable correction to me," said John Chiu, vice-president at Fuh Hwa securities. "Investors are looking for other places to park their money now." The session's top gainers included top contract laptop PC maker Quanta <2382.tw> and its smaller rivals Compal <2324.tw> and Wistron <3231.tw>, all of which climbed to lead the broader computer and peripherals sub-index <.TCPI> 2.2 percent higher. Quanta had given a better-than-expected outlook for the rest of the year on Monday, boosting investor confidence that global tech demand was returning and helping boost the company's stock 6.9 percent. [ID:nTP348546] Compal and Wistron rose 3.2 percent and 6.3 percent, respectively, amid news that cellphone giant Nokia would be entering the PC sector by launching a line of low-cost netbook PCs. [ID:nL0545102] "I don't expect the market to fluctuate too wildly now," said Kevin Huang, a fund manager at King's Town bank. "There's a general sense that the market has gotten too far ahead of itself, and it's unlikely we'll deviate much from around 6,500." HOT STOCKS -- Acer <2353.tw> also rode the upbeat momentum to close 1.4 percent higher after BNP Paribas upgraded the stock to a "buy" from a "hold", saying it expects the firm to gain market share. [ID:nTP46147] Smaller rival Asustek <2357.tw> climbed, rising 0.96 percent. Asustek posted a second-quarter net loss as the market closed. [ID:nTPU001615] -- Medical-related plays such as China Chemical and Pharmaceutical <1701.tw> rose 5.6 percent after Taiwan's Centre for Disease Control confirmed more deaths from the H1N1 influenza. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.42 percent Close on day 6,809.41 2009 intraday high 7,142.63 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 Kelvin Soh; Editing by Ken Wills) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.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:
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stock / 32.863/494 / +6.8

2009-08-24T01:03:00.000-07:00

14:46 24Aug09 RTRS-Taiwan stocks log best pct gain in 2 mths, techs up * HTC, Hon Hai up after tie-up plans with China Mobile * UMC, TSMC gain on report of better-than-expected growth * Formosa Plastic rallies on expansion, growing China demand (Updates indexes; Adds quotes) TAIPEI, Aug 24 (Reuters) - Taiwan stocks closed up 2.76 percent on Monday, boosted by technology shares such as HTC after China Mobile <0941.hk> announced plans to form alliances with the smartphone maker and other Taiwanese technology companies. The main TAIEX share index <.TWII> finished 183.45 points higher at 6,838.25, logging its best single day percentage rise in 2 months after an overnight rally on Wall Street on upbeat housing data and comment from U.S. Federal Reserve Chairman Ben Bernanke. Turnover was light at T$90 billion ($2.7 billion) compared with Friday's T$103 billion. Smartphone maker HTC <2498.tw> gained 1.81 percent after China Mobile, the world's top mobile carrier, said it aims to sign a series of deals with HTC and other Taiwanese technology companies. [ID:nTP278444] The electronics sub-index <.TELI> was up 2.39 percent. "The positive outlook on the U.S. economy was the major force behind today's rally," said Michael On, a managing director at Beyond Asset Management. A surprising rise in home sales and a positive outlook from Bernanke pushed U.S. stocks to new 2009 high. At the Fed's annual conference last week, Bernanke gave his clearest signal yet that the global economy is emerging from a recession. [ID:nN2139655] "(The rally on Wall Street) combined with upbeat economic data at home, such as GDP, lead to a rally among market heavyweights such as Hon Hai," On said. Electronics parts giant Hon Hai <2317.tw>, the second-most active share by turnover, outperformed the main board to climb 4.76 percent after the company said it would work with China Mobile to manufacture e-books. Shares of Mediatek <2454.tw> advanced 0.11 percent after news of plans to jointly develop mobile phone chipsets with China Mobile. TSMC <2330.tw> and UMC <2303.tw>, the world's two largest contract chip makers, were the day's two most active shares by volume. UMC jumped by its 7 percent daily limit and TSMC rose 2.82 percent. The gains came after a local newspaper said UMC and TSMC were likely to post better-than-expected growth in fourth-quarter sales from the previous three months. However, concern over a possible reshuffle in President Ma Ying-jeou's administration, which has been criticised by the public for being slow in rescue efforts after Typhoon Morakot, could still weigh on the big board. "Political uncertainties dragged on the main board over the past three days, but I believe the negative factors will soon be priced in," On said. Shares of Formosa Plastics <1301.tw> shot up 4.05 percent after a local newspaper reported that the company would invest $174 million to expand its factory in the Chinese city of Ningbo as demand grows, signalling a possible rebound in the sector. Adding to the main index's gain were financial shares <.TFNI>, which recovered from a 7 percent loss over the last week to rise 4.16 percent. Cathay Financial <2882.tw>, the island's top listed
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STOCK / 32.906/ 620 / -6

2009-08-21T01:38:00.000-07:00

14:55 21Aug09 -Taiwan stocks hit over 5-wk low, hurt by tech shares * Worries on China's tightened money policy trigger selling * Mediatek lead tech shares lower * TAIEX to trade between 6,700 and 6,800 points next week (Updates indexes, adds quotes and details) TAIPEI, Aug 21 (Reuters) - Taiwan stocks closed 1.16 percent lower on Friday, as worries about a volatile Chinese market offset Taiwan's upbeat GDP data, with Mediatek <2454.tw> leading technology shares lower. The main TAIEX share index <.TWII> was higher in early trade but reversed course to end 78.43 points lower at 6,654.80, its lowest close in more than five weeks, after a report about Chinese measures to tighten banks' capital rules triggered a sell-off. [ID:nSP529534][ID:nT252167] Mediatek, Taiwan's top chip designer and supplier and the market's most active stock by turnover, dropped 3.35 percent, pushing the electronics sub-index <.TELI> 1.17 percent lower. "The GDP was a short-term catalyst to the main index," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co, who expected the TAIEX to consolidate for the next two weeks between 6,700 and 6,900. "Investors would continue to keep an eye on the volatile Chinese market, as China has become one of the most important indicators of the global economy." On an annualised basis, Taiwan's economy grew for the first time in over a year in the second quarter, and officials said they expected rising demand from China to support a strong recovery. [ID:nTP93790] Chung said investors are also waiting for economic data from larger economies such as the United States and China to help shape their impressions about the direction global markets will take. The TAIEX fell 5.87 percent this week, the worst weekly loss in one-and-a-half months, due to worries over a possible cabinet reshuffle and a sharp fall in Chinese stocks. Smartphone maker HTC <2498.tw> fell 0.60 percent after the company reportedly received cellphone orders from the world's largest mobile carrier, China Mobile <0941.hk>. China Airlines <2610.tw>, Taiwan's flagship carrier, fell 1.83 percent after the company told Reuters it could turn to profitability by the end of the year, helped by an increase in direct flights between Taiwan and China. [ID:nSP516875] Shares of Sinopac Financial <2890.tw>, a mid-sized financial holding firm in Taiwan, dropped 3.03 percent. The banking and insurance sub-index <.TFNI> fell 1.52 percent. Sinopac rose more than 1 percent earlier in the session after a newspaper reported the firm planned to raise T$50 billion ($1.5 billion) in preparation for acquisitions after Taiwan signs a financial services agreement with China. A positive outlook on the island's exports next year, largely due to an increase in demand from China, lifted some export-reliant technology shares such as Acer Inc <2353.tw>, the world's No. 3 PC brand. Acer shares rose 1.32 percent. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -1.16 pct Close on day 6,654.80 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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/
Friday, 21 August 2009 14:55:36RTRS [nTP249792 ] {C}ENDS

stock / 32.966/ 781/ +0.45

2009-08-20T01:41:00.000-07:00

14:13 20Aug09 RTRS-Taiwan stocks end at 5-week low on political fears * Political uncertainty triggers selling * Investors cautious ahead of Taiwan Q2 GDP * Chinatrust falls after dropping bid for AIG's Nan Shan * Asustek advances after launching smartphones (Adds quotes, details) TAIPEI, Aug 20 (Reuters) - Taiwan stocks fell 0.82 percent on Thursday to a five-week closing low as political uncertainty triggered selling among investors, with Chinatrust Financial <2891.tw> leading financial shares lower. The main TAIEX share index <.TWII> finished 55.35 points lower at 6,733.23, the lowest since July 14. Turnover was light at T$89 billion ($2.7 billion), slightly better than Wednesday's T$71 billion. Investors were also cautious before the release of second-quarter GDP data by the government after the market's close on Thursday. Chinatrust Financial, the second most active stock by volume, shed 3.68 percent after the top credit card issuer said it would likely pull out of a bid for AIG Taiwan insurance unit as its partner, Bain Capital, wants to exit the race. [ID:nLJ49104] "Political factors prompted foreign investors to pull out from the Taiwan market," said Alan Tseng, a vice-president of Capital Securities. Several Taiwan officials, including the defence minister, have offered to quit over criticism that the government was too slow in its response to Typhoon Morakot, which may have killed as many as 500 people. [ID:nTP98667] "But local investors seized the opportunity to scoop up technology shares, as most of them bet on a turnaround for the sector in the second half of the year," Tseng said. Chinese stocks <.SSEC> bounced back from a 4 percent loss in the previous session on Thursday, which helped to curb the main TAIEX's fall. "A rebound in Chinese stocks restored some confidence in the market, but people are not completely off their guard," said Tseng. A Reuters poll showed Taiwan's economy in the second quarter probably shrank by 7.5 percent from a year earlier, easing from a record fall in the first quarter with the help of an improvement in exports. [ID:nTP94467] The banking and insurance and sub-index <.TFNI> dropped 2.11 percent, with shares of Shin Kong Financial <2888.tw>, parent of Taiwan's No.3 insurer, dropping 3.17 percent before the firm's second-quarter investor conference after market close. The broader electronics sub-index <.TELI>, which edged down 0.22 percent, was more resistant to the fall as Asian electronics makers are forecasting a turnaround in the second half of this year on a pick-up in global demand. [ID:nBKK50069] Smartphone maker HTC Corp <2498.tw> dropped 1.33 percent after a local newspaper reported that AT&T had cancelled plans to launch an HTC smartphone model named Lancaster in the second half of this year. Mediatek <2454.tw>, the market's most active stock by turnover, reversed course to gain 1.06 percent after a newspaper reported that the chairman of China Mobile <0941.hk> would meet with the chip designer to promote China's homegrown TD-SCDMA 3G cellphone network. Electronic parts giant Hon Hai <2317.tw> rose 0.94 percent after the company reportedly received orders from Sony Corp <6758.t> to assemble TVs. Another bright spot was netbook pioneer Asustek <2357.tw>, which rose 0.97 percent after it said it would soon launch its own smartphone to increase its share of the fast-growing smartphone market. [ID:nTP89495] ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.82 pct Close on day 6,733.23 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$33) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] ((Reporting by Joan Hsu; Editing by Chris Lewis)) ((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
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stock / 33.010 / 925

2009-08-19T01:35:00.000-07:00

14:36 19Aug09 RTRS-Taiwan stocks end flat on political uncertainty * TAIEX gives up early gains as China market stumbles * Political uncertainty weighs on market sentiment * Wistron gains on expectations of new orders * Asustek up on prospect of growing demand (Updates indexes, quotes, details) TAIPEI, Aug 19 (Reuters) - Taiwan stocks retreated from early gains to end 0.02 percent lower on Wednesday, as worries over political uncertainty offset gains in contract notebook PC makers such as Wistron Corp <3231.tw> on expectations of new orders. The main TAIEX share index <.TWII> finished 1.19 points lower at 6,788.58, reaching a fresh one-month low. Turnover was light at T$71 billion ($2.2 billion), the lowest in nearly six months, as investors wary of a volatile Chinese market and a possible cabinet reshuffle. Wistron Corp, Taiwan's third-largest contract maker of laptops, jumped 0.92 percent after a local newspaper reported that the world's No. 4 PC brand Lenovo <0992.hk> will increase its laptop PC orders in Taiwan companies on the back of growing demand in China. [ID:nTP82819] "Investors maintained a wait-and-see stance after the sharp losses in the Chinese market in the past few days," said Tu Jin-lung, chairman of Grand Cathay Investment Service. "Investors perceived the cabinet reshuffle as a potential threat to the market's stability," said Tu. Taiwan President Ma Ying-jeou said on Tuesday the government would announce by early September whether anyone would be held responsible for delaying rescue efforts after Typhoon Morakot. [ID:nTP202685] [ID:nTP91111] Chinese stocks <.SSEC> fell more than 4 percent on Wednesday. Some investors said they were disappointed that regulators did not take steps to support the market after the key index fell as much as 19 percent over the past two weeks. [ID:BJD001076] Shares of Inventec Corp <2356.tw>, the world's No. 4 contract maker of laptop PCs, rose 0.27 percent after better-than-expected third quarter results from its client Hewlett-Packard Co , which reaffirmed that the demand is picking up in key markets such as the United States and China. [ID:nN18439102] Netbook pioneer Asustek <2357.tw> gained 1.57 percent after Goldman Sachs raised the company's target share price and upgraded its investment rating to "neutral" from "reduced" on the prospect of better earnings. AU Optronics <2409.tw> gained 0.3 percent, with LCD demand expected to remain robust in the third quarter. The optoelectronics sub-index <.TOPI> advanced 0.52 percent. Shares of electronics giant Hon Hai <2317.tw> rose 0.95 percent after a newspaper reported that the company had won low-end smartphone orders from Dell. --------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.02 pct Close on day 6,788.58 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$33) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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] [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> Wednesday, 19 August 2009 14:36:38RTRS [nTP5638] {EN}ENDS

stock/ 32.964/658

2009-08-18T01:25:00.000-07:00

14:13 18Aug09 RTRS-Taiwan stocks hit 1-mth closing low, led by UMC * Global economy fears and political worries hurt sentiment * TAIEX could pull back to 6,600 this week * Catcher falls after weak first-half reports * Hon Hai gains after Merrill Lynch upgrade (Updates indexes, adds quotes) TAIPEI, Aug 18 (Reuters) - Taiwan stocks fell 2.05 percent to a one-month closing low on Tuesday as worries over the global economy and a possible local cabinet reshuffle dented investor sentiment and pushed down tech shares such as UMC <2303.tw>. Taiwan's main TAIEX share index <.TWII> finished 142.03 points lower at 6,789.77, logging its worst single-day percentage fall in more than five weeks. Turnover was light at T$107 billion ($3.24 billion). United Microelectronics Corp (UMC) , the world's second-largest contract chip maker, fell 4.74 percent, adding to a 1.94 percent fall in the electronics sub-index <.TELI>. "Taiwan shares have been catching up with the falls on Wall Street and China stocks," said Kevin Chung, an analyst at Jih Sun Investment Consulting Co. "The main index could take this opportunity to pull back as much as 300 to 400 points to 6,600." Analysts said political worries could add more selling pressure on the TAIEX that has gained nearly 50 percent since the beginning of this year after hitting a trough in January amid the global financial crisis. A local newspaper reported that Taiwan's lawmakers have called for a cabinet reshuffle, political fallout for Taiwan President Ma Ying-jeou's administration, which has come under criticism for its relief efforts after Typhoon Morakot slammed into the island and killed more than 100 people. Analysts said the exchange's turnover reflected investors' doubts about the strength of the global economic recovery, despite data pointing to improved economic fundamentals. "Investors would like to get clearer guidance from more data and first-half corporate reports later this week," added Chung. Shares of Catcher Technology Co <2474.tw>, a manufacturer of laptop castings, dropped 3.85 percent after the company reported weak first-half earnings. However, Goldman Sachs expected the company to show improvement in sales in the third quarter due to increasing usage of its light metal casings. Shares of Chunghwa Picture Tubes Ltd (CPT) <2475.tw>, Taiwan's No.3 flat panel maker, fell 2.49 percent after a newspaper said the company forecast lower shipment growth due to a shortage in glass. Shares of Advanced Semiconductor Engineering <2311.tw> fell 1.52 percent as a water shortage in southern Taiwan caused by the typhoon affected manufacturing processes, a local newspaper said. Electronics parts giant Hon Hai <2317.tw> rose 0.48 percent. Merrill Lynch raised its target share price and upgraded its investment rating to "buy" from "neutral". Also bucking the trend, Wintek <2384.tw>, which supplies panels for mobile phones and digital cameras, gained 2.09 percent on a report that the company should expect earnings to improve in the third quarter due to growing demand in key markets such as China. ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -2.05 pct Close on day 6,789.77 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$33) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Ken Wills) ((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
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stock / 32.985/806/ -/6.5

2009-08-17T01:32:00.000-07:00

14:21 17Aug09 RTRS-Taiwan stocks end lower, hurt by tech exporters
* Weak U.S. consumer data weighs on technology shares
* Possible delay of China deal hurts banking shares
* TSMC falls after local newspaper reports on new orders

(Updates indexes, quotes)
TAIPEI, Aug 17 (Reuters) - Taiwan stocks closed 1.95 percent
lower on Monday, as weak consumer data from the United States
raised doubts about the strength of economic recovery, pressuring
export-reliant technology stocks such as Hon Hai <2317.TW>.
The main TAIEX share index <.TWII> finished 137.71 points
lower at 6,931.80, logging its worst daily percentage fall in
five weeks. Turnover was light at T$96 billion ($2.9 billion),
compared with T$125 billion on Friday.
Electronics parts giant Hon Hai, the market's most active
stock by turnover, lost 3.24 percent, pulling the electronics
sub-index <.TELI> 1.91 percent lower.
"Some foreign investors withdrew from risky bets after weak
consumer data in the United States," said Ernest Chiang, a fund
manager at IBT Asset Management.
Data from the Reuters/University of Michigan Surveys of
Consumers showed consumer confidence fell more than expected in
early August. [ID:nN14304812]
"But perhaps China stocks were the bigger influence, given
that China and Taiwan have had much closer trade ties since the
begining of this year," Chiang said.
China stocks slid more than 3 percent to their lowest in
seven weeks on Monday, on worries that the market's rally had got
ahead of the economic recovery. [ID:nBJD001065]
Financial shares <.TFNI> fell 2.28 percent, dragging on the
main board, with Cathay Financial <2882.TW>, the island's
top-listed financial holding firm, dropping 2.54 percent.
Taiwan President Ma Ying-jeou said during an interview with a
local newspaper that the signing of a FTA-like financial
agreement with China known as an Economic Cooperation Financial
Agreement (ECFA) probably would not take place until next year.
"A possible delay in the signing of the agreement probably
struck investors as bad news," Chiang added.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) <2330.TW>
fell 1.87 percent, pushing the semiconductor sub-index
<.TSII> 1.81 percent lower.
Shares of the world's top contract chip maker declined even
after a newspaper said the company had received new orders from
Broadcom .
Shares of construction and steel companies also retreated as
investors locked in profits after their recent rally on hopes for
growing demand for resconstruction after a typhoon hit the
island.
The construction sub-index <.TCOI> fell 1.63 percent, while
the steel and iron sub-index <.TSTI> dropped 1.06 percent.
Typhoon Morakot struck Taiwan a week ago, killing more than
500 people and causing T$30 billion in losses. [ID:nSP438700]

---------------------TAIEX IN PERSPECTIVE--------------------
Move on day -1.95 pct
Close on day 6,931.80
2009 intraday high 7,142.63
2009 intraday low 4,164.19
All-time high 12,682.41 12 FEB 1990
--------------------------------------------------------------
($1=T$32.9)
For a table of foreign trading in Taiwan stocks, double-click
on [ID:nTP170358]
((Reporting by Joan Hsu; Editing by Jonathan Hopfner))
((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=>

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stock / 486

2009-08-14T02:29:00.000-07:00

14:27 14Aug09 -Taiwan stocks hit 2-week closing high, Asustek up * Asustek up on hopes of stronger Q3 sales * AU gains on growing demand, Nomura upgrade * Siliconware falls after announcing investment in TMC * TAIEX to test 7,300 points next week, eyes on more H1 pfts (Updates to indexes, quotes and details) TAIPEI, Aug 14 (Reuters) - Taiwan stocks closed up 0.49 percent on Friday to a two-week closing high, led by gains in netbook pioneer Asustek <2357.tw> and other major technology shares due to expectations of stronger sales and earnings. The main TAIEX share index <.TWII> finished up 34.55 points at 7,069.51, a closing level not seen since July 31. The TAIEX wrapped up the day to post a near 3 percent gain for the week. Turnover was moderate at T$124 billion ($3.8 billion), compared with Thursday's T$120 billion. Asustek rose 3.67 percent, pushing the computer and peripheral sub-index <.TCPI> 1.22 percent higher. Goldman Sachs said in a report the company would make an operating profit after breaking even in the second quarter as it clears inventory and as demand picks up following the launch of Window 7. "It was quite encouraging for investors to see the main index has finally returned and stayed above the 7,000 level" after hovering around 6,800 points in the past week, said Chang Chi-sheng, a fund manager at Uni-President Asset Management. "But gains were limited as the main index tracked losses in China stocks and profit-taking pressure mounts." The Shanghai share index <.SSEC> extended early losses on Friday to fall about 3 percent, on concerns over an increased supply of shares amid new listing and rights issues. [ID:nBJD001061] Some major technology shares tracked gains among U.S. tech companies. TSMC <2330.tw>, the world's largest contract chip maker, rose 0.51 percent after positive earnings reports in the United States, a key export market for Taiwan companies. However, Mediatek <2454.tw>, Taiwan's biggest chip designer and supplier, gave up early gains to fall 3.11 percent after investors locked in recent profits. Chang said he expects the main index to test as high as 7,300 next week, but investors would likely remain cautious ahead of more first-half earnings reports by the end of August. Nomura raised ratings on major liquid crystal display (LCD) makers, including AU Optronics <2409.tw> and Chi Mei Optoelectronics Corp <3009.tw>, following its industry view upgrade. Shares of AU Optronics rose 0.85 percent, while its smaller rival Chi Mei Optoelectronics, reversed early gains to lose 0.55 percent, after Nomura raised them to "neutral" from "reduce". [nSEL000742] A local newspaper cited Citigroup as saying a possible drop in panel prices could be delayed to November from its previous forecast of September, due to a shortage after an earthquake disrupted glass production in Japan. Construction and steel shares rose after a local newspaper said Taiwan's cabinet had decided to set aside a special budget of up to T$200 billion for reconstruction after Typhoon Morakot left a path of destruction as it swept over the island. The construction sub-index <.TCOI> rose 1.63 percent and the steel sub-index <.TSTI> rose 1.61 percent. Shares of chip packager Siliconware <2325.tw> fell 1.05 percent. The company said on Thursday it would invest up to T$2 billion ($61 million) in Taiwan Memory Co (TMC). [ID:nTP160165] The government-backed TMC was officially established in late July, with an initial capital of T$500,000. TMC would use Elpida's technology to help rescue the island's struggling DRAM sector, which competes with global giants in South Korea. [ID:nTP104915] Shares of Fubon Financial Holding <2881.tw>, parent of Taiwan's No.2 insurer Fubon Life, closed 0.61 percent lower on news that the firm will participate in a fund-raising plan by China's Xiamen Commercial Bank by the end of the year. [ID:nTP155876] ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day 0.49 pct Close on day 7,069.51 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB
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dlr

2009-08-13T02:02:00.000-07:00

16:59 13Aug09 RTRS-Taiwan dollar off 2-wk closing low on fund inflows * Snaps five-session losing streak to rise on fund inflows * Tracks gains in regional currencies * Central bank intervention curbs gains * Taiwan dlr seen trading between T$32.7 and T$33.0 next week (Updates to close) TAIPEI, Aug 13 (Reuters) - The Taiwan dollar on Thursday rose from a two-week closing low in the previous session on Thursday as the U.S. Federal Reserve's positive comments about the U.S. economy triggered fund inflows to the island. "There's certainly a rise in investors' risk appetite, what the Fed said was too good to be ignored," said a dealer in Taipei, who expected the currency to trade between T$32.7 and T$33.0 next week. The Federal Reserve said on Wednesday that the U.S. economy was showing signs of levelling out two years after the onset of the deepest financial crisis in decades, which led to some U.S. dollar outflows. [ID:nN1272730] An improving U.S. economy was conducive for Taiwan as the island, like most of Asia, exports a lot of goods to the world's largest economy. Foreign institutions bought a net T$6.563 billion ($199 million) in Taiwan stocks, which helped boost the Taiwan dollar. The positive Fed comments boosted Taiwan stocks <.TWII>, which ended 1.97 percent higher on Thursday, logging its biggest daily percentage rise in 6 weeks. [ID:nTP198761] But dealers said intervention from the central bank curbed the local currency's gains. "The central bank bought U.S. dollars throughout the session at around T$32.8," the dealer said. The central bank prefers to keep the local currency relatively weak as part of efforts to help recession-hit exporters. The local currency took cues from the offshore non-deliverable forwards (NDFs) market, which widened on Thursday, indicating the market expects the currency to strengthen more than previously anticipated in half a year. 0800 GMT PREVIOUS DAY T$ (Taipei Forex Inc) 32.898 32.950 Volume in $ mln (Taipei Forex Inc) 938 1,009 T$ (Cosmos) 32.880 32.949 Six-month NDFs -0.460/-0.410 -0.400/-0.350 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Alice Chen and 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] [E] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Thursday, 13 August 2009 16:59:16RTRS [nTP140371] {EN}ENDS

stock / dlr 32.898 / 938/ +6.6

2009-08-13T01:19:00.000-07:00

14:29 13Aug09 RTRS-Taiwan stocks hit near 2-wk high on Fed, MSCI moves * Chinese Gamer, Prime View International gain on MSCI moves * Taiwan Cement falls despite promising outlook * Main index seen hovering around 6,800 next week (Updates indexes, add quotes, details) TAIPEI, Aug 13 (Reuters) -Taiwan stocks closed 1.97 percent higher on Thursday, thier biggest daily percentage rise in six weeks, boosted by upbeat comments from the U.S. Fed and MSCI adding Prime View International <8069.two> to its Taiwan index. The main TAIEX share index <.TWII> finished up 136.06 points at 7,034.96, a near two-week closing high. Turnover was light at T$124 billion ($3.77 billion), but higher than Wednesday's T$104 billion. Shares of Prime View International, which supplies flexible displays for electronic reading devices, gained 6.93 percent, while the electronics sub-index <.TELI> advanced 1.82 percent. Chinese Gamer <3083.two>, which was also added to MSCI's Taiwan index, jumped 3.13 percent. "The Federal Reserve's comments boosted market sentiment," said Bevan Yeh, a senior fund manager at Prudential Financial Securities Investment Trust. "But investors could still be wondering how fast and how steady the global economic recovery will be." The Federal Reserve said on Wednesday the U.S. economy was showing signs of leveling out and left its near-zero interest rate unchanged at the end of a two-day policy meeting. [ID:nN1272730] Major technology shares tracked gains on Wall Street. Taiwan Semiconductor Manufacturing (TSMC) <2330.tw> , the world's biggest contract chip maker and the market's most active stock by turnover, gained 1.9 percent. The banking and insurance sub-index <.TFNI> reclaimed some of the ground lost in the previous session, rising 2.88 percent. Shares of Cathay Financial <2882.tw>, the island's top listed financial holding firm, jumped 3.55 percent after a newspaper said Morgan Stanley had raised its target share price. Analysts said Taiwan stocks could hover around 6,800 points for the next two weeks, given the main index's recent rally. "Investors are relieved to see that recoveries in the world's two largest economies are picking up pace," said Karen Lin, a fund manager at Paradigm Asset Management. "But they will play it safe until more data and sales results convince them that the worst is over." HOT STOCKS -- Online game company Gamania Digital Entertainment Co Ltd <6180.two> rose as much as 1.8 percent by midday before ending up 0.68 percent. The company told Reuters it plans to launch new game titles and beef up its presence in China. [ID:nTP145252] -- Taiwan Cement <1101.tw> lost 0.27 percent after the company said it expected second-quarter net profit to surge more than 10 times from the first quarter as the effects of China's stimulus package kick in. [ID: nTP62035] ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day 1.97 pct Close on day 7,034.96 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Jonathan Hopfner) ((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)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia......[STXNEWS/AS] Japan........[.T] S.Korea....[.KS] S.E.
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stock / dlr 32.950 / 1009 / -4.7

2009-08-12T01:40:00.000-07:00

15:05 12Aug09 RTRS-Taiwan stocks end lower on banks, but AU jumps * Banks hit by fund-raising concerns # AU Optronics jumps as panel shortage seen intensifying * Acer up on better sales outlook (Updates indexes, quotes and details) TAIPEI, Aug 12 (Reuters) - Taiwan stocks closed down 0.15 percent on Wednesday as the rising death toll from Typhoon Morakot weighed on market sentiment and as financial shares including Cathay <2882.tw> tracked losses among their U.S. peers. The main TAIEX share index <.TWII> fell 10.12 points to 6,898.90, ending a three-day winning streak. Turnover was thin at T$103 billion ($3.1 billion), less than than Tuesday's T$107 billion. Cathay Financial, the island's top listed financial holding firm, dropped 0.52 percent, while the banking and insurance sub-index <.TFNI> fell 1.57 percent. "Fallout from the typhoon hit sentiment and a lack of new progress on the signing of a financial MOU with China weighed on financial shares," said Charles Shen, the president of Taishin Investment Trust Co. "But as long as technology shares continue to hold up, I don't expect to see a huge pullback in the near future." Shares of AU Optronics jumped 5.61 percent after an earthquake disrupted glass production in Japan, a move that analysts said could worsen the current LCD panel shortage. [ID:nSEO37071] AU's smaller rival Chi Mei Optoelectronics <3009.tw> also climbed, advancing 2.54 percent to a two-week closing high, roughly in line with the broader optoelectronics sub-index's <.TOPI> 2.18 percent gain. Other technology shares ending higher included the world's No. 3 PC maker Acer <2353.tw>, which gained 1.17 percent, after its chairman was quoted in a local newspaper as saying the fourth quarter would be better than the current one. Analysts said rises in PC shares could fuel the market's momentum in the second half of the year. "With Microsoft launching its Windows 7 system, I think notebook PC companies could be looking at a profitable fourth quarter," said Taishin's Shen. Financial shares <.TFNI> pressured the index, led by Cathay Financial, the parent of Taiwan's biggest insurer, due to a recent slew of fund-raising activity triggering doubts about the short-term health of financial holding companies, analysts and fund managers said. Cathay Financial said on Tuesday it planned to raise up to T$20 billion in a debt issue for future acquisitions. [ID:nTP355862] Shares of construction and steel companies ended lower, as investors locked in profits after their recent rally due on expected growing demand after a typhoon rattled the island. [ID:nSP522386] The construction sub-index <.TCOI> dropped 1.71 percent, while the steel and iron sub-index <.TSTI> fell 0.8 percent. China Life <2823.tw>, Taiwan's No.4 insurer, dropped 1.57 percent after it said it planned to form a joint venture with a Chinese company or buy a stake in an insurance firm on the mainland. [ID:nLB8105] ---------------------TAIEX IN PERSPECTIVE-------------------- Move on day -0.15 pct Close on day 6,898.90 2009 intraday high 7,142.63 2009 intraday low 4,164.19 All-time high 12,682.41 12 FEB 1990 -------------------------------------------------------------- ($1=T$32.9) For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP170358] (Reporting by Joan Hsu; Editing by Jonathan Hopfner) ((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)) 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] [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> Wednesday, 12 August 2009 15:05:00RTRS [nSEO203167] {EN}ENDS