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Taiwan stocks rise ahead of TSMC; HTC surges

July 30, 2010 By vani Leave a Comment

TAIPEI, July 29 (Reuters) – Taiwan stocks rose 0.18 percent
on Thursday with smartphone maker (2498.TW) rising by its maximum
daily limit after comments from Sprint (S.N) on strong demand for
one of HTC’s phones.

The main TAIEX share index .TWII ended up 14.18 points at
7,798.99, lifted by a 7 percent jump in HTC.

U.S.-based Sprint Nextel (S.N) said on Wednesday it lost
fewer valuable contact customers in the second quarter than
analysts expected, helped by its most advanced smartphone, the
EVO from HTC. [ID:nN28190638]

Heavyweight TSMC (2330.TW) reported a record quarterly profit
after the close of the market [ID:nTPV001793].

Filed Under: International News Tagged With: ahead, htc, Market Id, Nextel, quarterly profit, reuters, rose, second quarter, share index, Sprint Nextel, Taiex, Taipei, Taiwan stocks, TSMC, Tw

Taiwan stocks end down; Formosa at 2-mth low

July 28, 2010 By vani Leave a Comment

TAIPEI, July 27 (Reuters) – Taiwan stocks ended down 0.5
percent on Tuesday, led by losses in Formosa Petrochemical
(6505.TW) after the refinery shut down its local refinery complex
following a fire.

The main TAIEX share index closed down 39.44 points
at 7,748.01, as plastic shares .TPLI dropped 2.8 percent, the
biggest losing sector.

Formosa, the region’s fifth-largest refinery, fell 1.8
percent to a two-month closing low.
(Reporting by Faith Hung; Editing by Jacqueline Wong)

Filed Under: International News Tagged With: faith, Formosa Petrochemical, jacqueline wong, losses, mth, refinery, reuters, share index, shares, Taiex, Taipei, Taiwan stocks, Tw

Taiwan stocks end at more than 2-mth high; TSMC up

July 24, 2010 By vani Leave a Comment

TAIPEI, July 23 (Reuters) – Taiwan stocks rose 1.24 percent
to a more than two-month closing high on Friday, as investors
chased major technology exporters including TSMC (2330.TW) and
Hon Hai (2317.TW) on strong earnings prospects for this year.

Nearly all sub-indexes rose in Taiwan after solid corporate
earnings sent Wall Street higher on Thursday, while the market
awaited the results of stress tests on European banks.

The main TAIEX share index rose 94.88 points to
7,761.22, the highest finish since May 14. The TAIEX gained 1.3
percent this week and has risen about 10 percent since the year’s
low hit in late May.

Top contract chipmaker Taiwan Semiconductor Manufacturing Co
Ltd (TSMC) rose 1.29 percent. Hon Hai Precision Industry Co
jumped 5.04 percent.
(US$1=T$32.1)

Filed Under: International News Tagged With: Corporate Earnings, European Banks, hon hai 2317, hon hai precision, hon hai precision industry, Hon Hai Precision Industry Co, Major Technology, mth, prospects, Results Of Stress, reuters, share index, stress tests, Taiex, Taipei, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor Manufacturing Co, Taiwan Semiconductor Manufacturing Co Ltd, Taiwan stocks, TSMC

Taiwan stocks end lower on techs; tourism up

July 20, 2010 By vani Leave a Comment

TAIPEI, July 19 (Reuters) – Taiwan stocks fell 0.19 percent
on Monday as a sharp decline on Wall Street triggered selling
among exporters including Hon Hai (2317.TW), and as investors
awaited more quarterly earnings from technology companies.

The main TAIEX share index closed down 14.74 points
at 7,649.83. The electronics sub-index .TELI fell 0.09 percent
and the financial sub-index .TFNI lost 0.7 percent.

However, the tourism sector .THOI rose 1.3 percent on hopes
more Chinese tourists would visit Taiwan.

Hon Hai, the island’s top electronics parts maker which also
assembles PCs for top U.S. brands, lost 1.24 percent. PC vendor
Acer Inc (2353.TW) shed 1.11 percent and LCD maker AU Optronics
Corp (2409.TW) fell 2.2 percent.

Filed Under: International News Tagged With: Au Optronics Corp, Chinese Tourists, decline, hon hai 2317, investors, Lcd Maker, Pc Vendor, Quarterly Earnings, reuters, share index, Taiex, Taipei, Taiwan stocks, Taiwan Tourism, technology companies, Teli, Top Electronics, tourism sector, Tw, Wall Street

Taiwan’s Chinatrust: still seeks AIG unit stake

July 7, 2010 By vani Leave a Comment

(Reuters) – Chinatrust Financial (2891.TW), Taiwan’s top credit card issuer, sees insurance as a major growth driver and would still seek a stake in AIG’s (AIG.N) Taiwan Nan Shan Life unit should a separate bid for the unit succeed.

Chinatrust had agreed to buy 30 percent of Nan Shan after the completion of diversified battery maker China Strategic (0235.HK) and investment fund Primus’ joint $2.2 billion bid for Nan Shan, but the agreement expired in June and the bid itself has stalled.

China Strategic and Primus have extended the bid until October, but did not renew the agreement with Chinatrust, saying they would try and close the deal first. Chinatrust is awaiting the outcome, it said on Tuesday.

“If the approval goes through, we would buy the stake from China Strategic,” said Hsu Miao-chiu, chief financial officer of Chinatrust.

If the deal were to fall through and AIG put Nan Shan up for sale again, Chinatrust would bid for it, Hsu said. Chinatrust would also look to buy another insurer if neither of the Nan Shan options played out, she added.

The buyers have been unable to close the deal amid concerns in Taiwan over their political connections with mainland China and their lack of expertise in the insurance business.

They have made several concessions to try and push the deal forward, and China Strategic CEO Raymond Or told Reuters last week that they were not giving up.

Chinatrust had originally bid for Nan Shan last year but lost out to the consortium.

At around 0450 GMT, Chinatrust stocks were down 0.5 percent in Taipei trading, lagging the main index’s 1.1 percent gain.

(Reporting by Faith Hung; Editing by Jonathan Standing)

Filed Under: International News Tagged With: aig, chief financial officer, Chinatrust, concessions, consortium, Credit Card Issuer, Hk, Hsu, Insurance Business, insurer, Investment Fund, mainland China, miao, Nan Shan, political connections, Primus, reuters, Taipei, Tw Taiwan, Unit Stake

Taiwan stocks end higher; TSMC, HTC lead gains

July 7, 2010 By vani Leave a Comment

TAIPEI, June 6 (Reuters) – Taiwan stocks rose 1.46 percent on
Tuesday as investors chased big tech shares including TSMC
(2330.TW) and HTC (2498.TW) and shipping firms that have brighter
earnings prospects this year.

The main TAIEX share index fell in early trade but
changed course after a rise in Chinese shares to close up 108.52
points at 7,548.48. The rise extended a 2.6 percent rebound in
the past two sessions from a three-week closing low.

Smartphone maker HTC Corp, the market’s most active stock by
turnover, jumped 4.98 percent following upgrades by Yuanta
Research and HSBC on Monday. TSMC shares rose 2.57 percent,
lifting the electronics sector .TELI up 1.23 percent.

The financial sub-index .TFNI gained 1.25 percent.
(US$1=T$32.2)
(Reporting by Baker Li, Editing by Jonathan Standing)

Filed Under: International News Tagged With: Active Stock, earnings, hsbc, investors, jonathan, lead, prospects, Rebound, reuters, rose, sessions, share index, shipping firms, Taiex, Taipei, Taiwan stocks, Teli, TSMC, turnover, Tw

Taiwan’s Chinatrust: still seeks AIG unit stake

July 7, 2010 By vani Leave a Comment

July 6 (Reuters) – Chinatrust Financial (2891.TW), Taiwan’s top credit card issuer, sees insurance as a major growth driver and would still seek a stake in AIG’s (AIG.N) Taiwan Nan Shan Life unit should a separate bid for the unit succeed.

“If the approval goes through, we would buy the stake from China Strategic,” said Hsu Miao-chiu, chief financial officer of Chinatrust.

The buyers have been unable to close the deal amid concerns in Taiwan over their political connections with mainland China and their lack of expertise in the insurance business.

They have made several concessions to try and push the deal forward, and China Strategic CEO Raymond Or told Reuters last week that they were not giving up.

Chinatrust had originally bid for Nan Shan last year but lost out to the consortium.

At around 0450 GMT, Chinatrust stocks were down 0.5 percent in Taipei trading, lagging the main index’s 1.1 percent gain.

(Reporting by Faith Hung; Editing by Jonathan Standing)

Taiwan stocks extend gains; banks, techs up

July 6, 2010 By vani Leave a Comment

TAIPEI, July 5 (Reuters) – Taiwan stocks rose 1.49 percent on
Monday, with banks leading the way on hopes of long-term
potential gains in China, while technology firms that could post
solid June sales figures also outperformed.

The main TAIEX share index closed up 109.22 points at
7,439.96, extending Friday’s 1.06 percent rebound from a
three-week closing low.

Chinatrust Financial Holding Co (2891.TW), the most active
share by volume, rose 2.44 percent. Investors focused on possible
gains from closer links to China following last month’s signing
of a key trade deal (see [ID:nECFA]).

Smartphone maker HTC Corp (2498.TW) shot up 6.92 percent and
chipmaker TSMC (2330.TW) (TSM.N) jumped 1.82 percent, lifting the
electronics sector .TELI 1.63 percent higher. TSMC and HTC are
due to report their June sales later this week.
(US$1=T$32.2)
(Reporting by Baker Li; Editing by Jonathan Standing)

Filed Under: International News Tagged With: Active Share, banks, China, Holding Co, investors, jonathan, leading the way, Rebound, reuters, rose, share index, Taiex, Taipei, Taiwan stocks, Technology Firms, Tsm, TSMC, Tw

TSMC, UMC push Taiwan stocks to near 1-month high

June 16, 2010 By vani Leave a Comment

TAIPEI, June 15 (Reuters) – Taiwan stocks rose 0.9 percent on
Tuesday to their highest close in nearly one month, after TSMC
(2330.TW) and UMC (2303.TW) forecast growing chip demand amid
rising sales of PCs and other consumer gadgets. [ID:nTOE65E03Y]

Analysts also said the increased likelihood that Taiwan and
China would sign their much-discussed free-trade style agreement
which will cut tariffs on hundreds of Taiwan products would
sustain stocks in the long-term. (For more see [ID:nTOE64D06L])

Taiwan’s main TAIEX share index closed up 66.66
points at 7,454.06, the highest finish since May 19.

TSMC shares rose 0.5 percent and UMC shares jumped 1.03
percent, lifting the electronics sub-index .TELI 0.74 percent
higher. The financial sub-index .TFNI gained 1.44 percent.

Filed Under: International News Tagged With: Chip Demand, Consumer Gadgets, likelihood, reuters, rose, share index, shares, Taipei, Taiwan Products, Taiwan stocks, taiwan-china, tariffs, TSMC, Tw, UMC

Taiwan stocks hit 3-week closing high; TSMC gains

June 15, 2010 By vani Leave a Comment

TAIPEI, June 14 (Reuters) – Taiwan stocks rose 1.2 percent to
a three-week closing high on Monday, with financials in the lead,
while chip maker TSMC (2330.TW) gained amid optimism over demand
for technology products.

Taiwan’s main TAIEX share index closed up 87.91
points at 7,387.40. The financial sub-index .TFNI gained 2.1
percent.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s
top contract chipmaker, rose 0.99 percent, lifting the
electronics sub-index .TELI 0.82 percent.

Some analysts said foreign investors were likely to buy more
local shares this week if U.S. stocks stabilised and sales of a
new generation of personal computers, mobile phones and other
high-tech gadgets continued to grow globally.

Foreign investors were net buyers in the past two trading
sessions. Their net selling in May had totalled T$127 billion
($3.92 billion), the highest monthly total in 2-½ years.
[ID:nTOE65305E]

Filed Under: International News Tagged With: chip maker, Foreign Investors, High Tech Gadgets, June 14, Mobile Phones, new generation, optimism, personal computers, reuters, share index, stabilised, Taipei, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor Manufacturing Co, Taiwan Semiconductor Manufacturing Co Ltd, Taiwan stocks, Technology products, Trading Sessions, TSMC, Tw

Taiwan stocks rise on China rally; Compal up

June 11, 2010 By vani Leave a Comment

TAIPEI, June 10 (Reuters) – Taiwan stocks rose 1.56 percent
on Thursday, catching up with a rally in regional bourses on
strong Chinese data, with Compal (2324.TW) higher after its May
sales almost doubled from a year earlier. [ID:nTPV001637]

The main TAIEX index ended up 110.10 points at
7,181.77, helped by 2.7 percent rise in Compal, the world’s No.2
contract laptop maker.

Sources had said on Wednesday after the close of Taiwan’s
market that China’s export growth in May surged, sparking a late
rally in Asian bourses.[ID:nTOE658070]

($1=T$32.4)

Filed Under: International News Tagged With: asian bourses, china export, China Rally, chinese data, Compal, laptop, Regional Bourses, reuters, rose, s market, Taiex, Taipei, Taiwan stocks, taiwan-china, Tw

Taiwan’s UMC May sales rise 34 pct yr/yr

June 9, 2010 By vani Leave a Comment

June 8 (Reuters) – Taiwan’s UMC (2303.TW), the world’s second-largest contract chipmaker, said on Tuesday its May sales rose 34 percent from a year ago, further evidence of growing demand for technology products.

Stocks | Global Markets

United Microelectronics Corp (UMC) (UMC.N) had sales of T$10.1 billion ($311.6 million) last month, versus T$7.51 billion a year ago, the company said on its website. It did not give further details.

UMC released the results after the Taipei stock market closed on Tuesday. The stock fell 1.41 percent while the main TAIEX share index was flat. (US$1=T$32) (Reporting by Argin Chang, Editing by Ken Wills)

Filed Under: International News Tagged With: 1 Billion, 6 million, global markets, ken wills, pct, Products Stocks, reuters, share index, Stock Market Closed On Tuesday, Taiex, Taipei, taiwan, Technology products, Tw, UMC, united microelectronics corp

Taiwan stocks log worst pct drop in near 3 weeks

May 6, 2010 By vani Leave a Comment

TAIPEI, May 5 (Reuters) – Taiwan stocks fell 2.95 percent on
Wednesday, their biggest one-day percentage drop in nearly three
weeks, following on from tumbles in U.S. and European bourses
amid renewed fears of contagion from Europe’s debt crisis.

Top contract chipmaker TSMC (2330.TW) (TSM.N) dropped 1.97
percent, pulling the main TAIEX down 233.87 points to
7,696.90. The fall was the biggest drop since April 19 when the
TAIEX shed 3.17 percent on news of charges against Goldman Sachs.

Major indexes in the United States slid more than 2 percent
on Tuesday. [.N] Selling also spread to other stock markets in
Asia, including Hong Kong and Australia. [ID:nTOE64400A]
(US$1=T$31.5)
(Reporting by Baker Li; Editing by Jacqueline Wong)

Filed Under: International News Tagged With: asia, contagion, Debt Crisis, European Bourses, fears, Goldman Sachs, Hong Kong, indexes, jacqueline wong, percentage drop, reuters, stock markets, Taiex, Taipei, Taiwan stocks, Tsm, TSMC, Tumbles, Tw, United States

Taiwan’s Powerchip to cut capital – OTC exchange

April 13, 2010 By vani Leave a Comment

TAIPEI, April 12 (Reuters) – Powerchip Semiconductor Corp (5346.TWO), Taiwan’s top PC memory chip maker, is set to announce details of capital reduction later on Monday, the island’s OTC stock exchange said.

Technology

Powerchip would hold a news conference on the plan at 0800 GMT, the exchange said, without giving other details.

Powerchip shares soared 6.83 percent to close at their daily limit before the exchange’s announcement, outpacing the main TAIEX’s 0.32 percent rise. (US$1=T$31.5) (Reporting by Baker Li, Editing by Jonathan Standing)

Filed Under: International News Tagged With: 0800 Gmt, April, chip maker, jonathan, memory chip, news conference, Otc Exchange, Otc Stock, pc memory, Powerchip Semiconductor Corp, reuters, shares, stock exchange, Taiex, Taipei, taiwan, Technology

Taiwan stocks rise, TSMC leads chip makers higher

April 13, 2010 By vani Leave a Comment

TAIPEI, April 12 (Reuters) – Taiwan stocks edged up 0.3
percent on Monday in cautious trading, as Taiwan Semiconductor
Manufacturing Co (TSMC) (2330.TW) led chip makers higher after
the world’s top contract chipmaker posted forecast-beating
quarterly results.

The main TAIEX index rose 25.72 points to 8,117.75,
with TSMC up 0.6 percent and the semiconductor sub-index .TSII
0.5 percent higher.

Filed Under: International News Tagged With: April, chip makers, leads, led, Quarterly Results, reuters, Taiex, Taipei, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor Manufacturing Co, Taiwan stocks, TSMC, Tw

Taiwan Compal’s March sales up 75 pct yr/yr

April 10, 2010 By vani Leave a Comment

TAIPEI, April 9 (Reuters) – Taiwan’s Compal Electronics (2324.TW), the world’s No.2 contract laptop PC maker, posted a 75 percent year on year rise in March sales on Friday amid recovering demand globally.

Stocks

Compal said in a statement that its consolidated sales were T$77.75 billion ($2.5 billion) last month, compared with T$44.46 billion the same month a year earlier. (US$1=T$31.6) (Reporting by Baker Li, Editing by Jonathan Standing)

Filed Under: International News Tagged With: April, Compal Electronics, Consolidated Sales, jonathan, Laptop Pc, pct, reuters, stocks, Taipei, taiwan electronics, Tw

Taiwan stocks rebound; TSMC and techs lead

April 10, 2010 By vani Leave a Comment

TAIPEI, April 9 (Reuters) – Taiwan stocks rose 0.4 percent on
Friday, recovering some of the previous day’s losses, with tech
firms such as TSMC (2330.TW) in the lead after data showed strong
growth in Taiwan’s exports.

Taiwan’s main TAIEX share index closed up 34.43
points at 8,092.03. TSMC rose 0.6 percent, pulling the
electronics sub-index .TELI 0.4 percent higher.

The financial sector .TFNI rose 0.75 percent.
(US$1=T$31.6)
(Reporting by Baker Li; Editing by Jonathan Standing)

Filed Under: International News Tagged With: April, financial sector, jonathan, Lead Data, losses, reuters, rose, share index, Stocks Rebound, Taipei, Taiwan Exports, Taiwan stocks, TSMC, Tw

TSMC March sales more than double from year ago

April 10, 2010 By vani Leave a Comment

TAIPEI, April 9 (Reuters) – TSMC (2330.TW), the world’s biggest contract chip maker, said on Friday its March sales more than doubled from a year earlier after new technology products boosted chip demand.

Stocks

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TSM.N) had unconsolidated sales of T$30.82 billion ($975 million) last month, the company said, compared with T$13.62 billion the same month a year ago and February’s T$29.2 billion.

Smaller rival UMC (2303.TW) (UMC.N) also reported a more than doubling in March sales on Thursday. [ID:nTOE63703U] (US$1=T$31.6) (Reporting by Baker Li, Editing by Jonathan Standing)

Filed Under: International News Tagged With: April, Chip Demand, chip maker, jonathan, New Technology Products, reuters, stocks, Taipei, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor Manufacturing Co, Taiwan Semiconductor Manufacturing Co Ltd, Tsm, TSMC, Tw

Taiwan’s Quanta Computer March sales up to T$89.1 bln

April 9, 2010 By vani Leave a Comment

TAIPEI, April 8 (Reuters) – Quanta Computer (2382.TW), the world’s biggest contract laptop maker, posted on Thursday sales of T$89.137 billion ($2.8 billion) for March, up from T$60.4 billion in the same month a year earlier.

Technology

The company’s website is at www.quanta.com.tw. (Reporting by Roger Tung)

Filed Under: International News Tagged With: 1 April, Computer Sales, laptop, Quanta Computer, reuters, Taipei, taiwan, Technology, Tung, Tw

Taiwan stocks retreat from 10-wk high as techs fall

April 9, 2010 By vani Leave a Comment

TAIPEI, April 8 (Reuters) – Taiwan stocks fell 0.8 percent on
Thursday, edging away from a 10-week closing high, as investors
shunned major technology exporters including Hon Hai (2317.TW)
amid concerns that U.S. interest rates may rise.

U.S. stocks declined after a top Federal Reserve official
said interest rates should not stay low for much longer, giving
investors an excuse to take profits (see [.N] for details). The
decline hit Taiwan and other Asian shares.

Taiwan’s main TAIEX share index closed down 64.18
points at 8,057.60. Hon Hai shares dropped 1.38 percent, pulling
the electronics sub-index .TELI 1.47 percent lower.

The financial sector .TFNI rose 0.51 percent.
(US$1=T$31.6)
(Reporting by Baker Li; Editing by Jonathan Standing)

Filed Under: International News Tagged With: April, Asian Shares, decline, excuse, Federal Reserve, Federal Reserve Official, financial sector, hon hai 2317, interest rates, investors, jonathan, Major Technology, profits, reuters, share index, Taipei, Taiwan stocks, Tw, Wk

Taiwan’s Chinatrust: still seeks AIG unit stake

Taiwan’s Chinatrust: still seeks AIG unit stake

Taiwan stocks rise on China rally; Compal up

Taiwan stocks log worst pct drop in near 3 weeks

Taiwan’s Powerchip to cut capital – OTC exchange

Taiwan stocks rise, TSMC leads chip makers higher

Taiwan Compal’s March sales up 75 pct yr/yr

TSMC March sales more than double from year ago

Taiwan’s Quanta Computer March sales up to T$89.1 bln

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