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Taiwan stocks fall, but Apple suppliers soar
August 9, 2011 / 5:45 AM / 6 years ago

Taiwan stocks fall, but Apple suppliers soar

 TAIPEI, Aug 9 (Reuters) - Taiwan stocks fell 0.79 percent on
Tuesday, but some companies such as Apple suppliers got
a lift as government intervention was seen, some fund managers
said.	
 The benchmark TAIEX index ended down 59.68 points at
7,493.12 before dropping 5 percent earlier in the day. It turned
positive late in the session on government buying, fund managers
said.  	
 "Government pension funds were buying stocks today. Taiwan
stocks have slumped to a level where valuations for some shares
are very attractive," said Rex Chen, chief investment officer of
BNP Paribas TCB Asset Management in Taipei.	
  Among top gainers, Apple suppliers, including
Genius and Largan Preision , both surged more
than 6 percent.    	
  Quanta Computer Inc  finished 1 percent higher,
recovering from a 7 percent slide during the sesssion. 	
  Quanta, the world's biggest contract laptop PC maker, 
reported July sales. 	
 The Taiwan dollar weakened slightly to T$29.057.   	
 	
 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      <0#.INDEX>   Currency rates      	
Dow Jones/NASDAQ    Nikkei                	
FTSE 100                  Debt     <0#USBMK=> 	
Taiwan dollar              LME price overview    	
 TAIWAN EQUITY MARKET:	
Taiwan equity market  
TAIEX    	
Other indices <0#.INX.TW>  
TAISDAQ  	
TAIMEX Taiwan index futures <0#TX:> 	
MSCI Taiwan index   	
SIMEX Taiwan index futures <0#STW:>	
FTSE TW50 index 	
	
 (Reporting by Faith Hung; Editing by Jacqueline Wong)	
 

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