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Taiwan stocks end flat; Nanya soars on Micron news
May 8, 2012 / 5:41 AM / 5 years ago

Taiwan stocks end flat; Nanya soars on Micron news

TAIPEI, May 8 (Reuters) - Taiwan stocks closed flat on
Tuesday, though DRAM maker Nanya Technology gained by
the 7-percent daily limit after its technology partner Micron
 won the right to negotiate exclusively to buy bankrupt
Japanese maker Elpida Memory. 	
    Nanya and Micron have a partnership agreement, raising the
possibility that Nanya would become part of a bigger alliance
that could take on South Korean competitors.  	
    Other DRAM makers also closed higher, with Powerchip
 up 6.1 percent and Rexchip 3.2 percent
higher on the secondary market.	
    The gains were offset by losses in textiles and
department stores, both of which shed more than 1
percent.	
    The main TAIEX index inched up 0.1 percent or 7.63
points to 7,545.71, recovering a little from the previous
session's steep loss.	
    Smartphone maker HTC was flat. It posted an
improvement in April sales from March. 	
    The Taiwan dollar firmed slightly to trade at
T$29.310.	
    Foreign investors were net sellers on Monday, bringing their
total selling to T$22.58 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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