Taiwan stocks fall, hurt by oil price rises

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)