December 22, 2008 / 7:11 AM / 9 years ago

Taiwan LCD shares jump on China buying pledge

TAIPEI, Dec 22 (Reuters) - Shares of Taiwan LCD makers jumped on Monday after China said over the weekend it would buy $2 billion worth of Taiwanese flat screen monitors to support the industry during the global economic downturn.

The LCD announcement was part of a broader series of pledges by China to support Taiwan during the economic downturn, at the end of a cross-strait forum in Shanghai. [nN21273662]

Shares of AU Optronics (2409.TW), Taiwan’s top LCD maker, were up 4.54 percent shortly after the market opened, while shares of No. 2 player Chi Mei Optoelectronics 3009.TW were up by their daily limit of 6.9 percent.

No. 3 LCD maker Chunghwa Picture Tubes (2475.TW) was also up by its daily limit, while Hannstar Display (6116.TW) added 6.01 percent.

(Reporting by Doug Young; Editing by Keiron Henderson)

((; Reuters Messaging:; +886 2 2508-0815)) Keywords: TAIWAN LCDS/STOCKS

C Reuters 2008. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nTP49775

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below