Tue, Mar 26, 2002 - Page 17 News List

TSMC and Asustek lead TAIEX index to 17-month high

BLOOMBERG , TAIPEI

Taiwan's stock index climbed to its highest in 17 months, after the nation's jobless rate in February dropped for the fourth consecutive month to 5.12 percent from 5.14 percent in January.

Computer-related shares such as Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電) and Asustek Computer Inc (華碩電腦) also gained on expectations US factory orders are rising.

The TAIEX rose 78.75, or 1.3 percent to 6,219.17, its highest since Oct. 7, 2000, when it reached 6,352.03. Within the index, 420 stocks climbed, 99 declined while 35 were unchanged.

Asustek rose NT$5, or 3.2 percent, to NT$162.

Compeq Manufacturing Co (華通電子), which makes printed circuit boards, rose NT$4.5, or 6.9 percent, to NT$69.5. TSMC rose NT$1, or 1.1 percent, to NT$96.

Prodisc Technology Inc (精碟) gained NT$1.6, or 3.6 percent, to NT$46.2. Ritek Corp (錸德) rose NT$1.6, or 4.1 percent, to NT$41.1. CMC Magnetics Corp (中環) rose NT$1.9, or 6.7 percent, to NT$30.3.

Au Optronics Corp (友達光電) rose NT$2.6, or 5.2 percent, to NT$52.5. Chunghwa Picture Tubes Ltd (中華映管), rose NT$1.20, or 3.2 percent, to NT$38.6. Hannstar Display Corp (瀚羽彩晶), rose NT$1.80, or 6.7 percent, to NT$28.8.

The NT dollar ended lower against the US dollar, closing at NT$35.046 with a turnover of US$337 million.

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