Sun, Oct 19, 2003 - Page 10 News List

Japan, Taiwan advance on semiconductors

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Hyundai Motor, South Korea's largest automaker, climbed 4.7 percent to 36,800 won. Exports account for more than a half of the automaker's revenue.

Hong Kong's Li & Fung, one of the biggest trading companies in Asia, advanced 3.4 percent to HK$13.55. The stock was one of the 14 biggest contributors to the Hang Seng Index's 0.9 percent gain this week.

Asian economies are "picking up the pace now that the US is in a recovery," Nicholas Reitenbach, who oversees $2 billion of international investments as chief investment officer at Pinnacle International Management LLC in New York, said in a note to clients.

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