Taiwan stocks fall, hurt by oil price rises

Sun Apr 1, 2012 9:11pm EDT

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TAIPEI, April 2 (Reuters) - Taiwan stocks fell 0.34 percent
on Monday, led by heavyweights such as TSMC after the
government allowed state-run oil firm CPC Corp to raise oil
prices by an average 10.7 percent, a move that could raise
inflation and hurt economic growth.	
    The main TAIEX index opened 27.12 points lower at
7,905.88, with electronics and financials both
down more than 0.5 percent. The market closed up 0.77 percent on
Friday and gained 12.2 percent in the first quarter.	
    TSMC slipped by 0.59 percent.	
    Chimei Innolux, the world's No.3 flat panel maker,
opened lower but quickly turned flat. The company reported a
T$64.44 billion ($2.18 billion) loss for 2011, worse than
forecasts, hurt by falling prices amid slowing demand.    	
    The Taiwan dollar was up by T$0.011 to trade at
T$29.519.	
    Foreign investors were net sellers on Friday, bringing their
total buying to T$32.32 billion this month. 	
    	
    ASIA-PACIFIC STOCK MARKET REPORTS: 	
Pan-Asia......  Japan........  S.Korea.... 	
S.E. Asia............  Hong Kong...  China...... 	
Australia/NZ.........  India.......  	
    OTHER MARKETS:	
Wall Street........... Gold......... Currency.. 
Eurostocks........... Oil........... JP bonds... 
ADR Report.......... LME metals.. US bonds... 
Stocks News US... Stocks News Europe... 	
    DIARIES:    	
U.S. earnings diary  Wall Street Week Ahead   
Global Week Ahead      World forecasts   
Asia Macro data      
    TOP NEWS:	
Asian company news      U.S. company news    
European company news  Forex news           
Global economy news  Technology, media    
Financial services     Political risk         
A multimedia version of Reuters Top News is available at:	
topnews.session.rservices.com         	
    LIVE PRICES & DATA:	
World Stocks        Currency rates      	
Dow Jones/NASDAQ    Nikkei                	
FTSE 100                  Debt      	
Taiwan dollar              LME price overview    	
    TAIWAN EQUITY MARKET:	
Taiwan equity market  
TAIEX    	
Other indices  
TAISDAQ  	
TAIMEX Taiwan index futures <0#TX:> 	
MSCI Taiwan index   	
SIMEX Taiwan index futures <0#STW:>	
FTSE TW50 index 	
	
 (Reporting by Faith Hung)
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