Tue, Nov 11, 2003 - Page 11 News List

Government's good news on exports fuels TAIEX

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The TAIEX advanced yesterday, led by exporters such as Everlight Electronics Co (億光電子) and Premier Image Technology Corp (普立爾) after a government report showed exports grew at the fastest rate in eight months.

Hon Hai Precision Industry Co (鴻海精密), the nation's largest electronics manufacturer, fell after investors said the company may buy more telecommunications makers following its takeover of Ambit Microsystems Corp (國電).

The TAIEX gained 2.20, or 0.04 percent, to 6,059.03. The Taiwan Futures Index shed 0.2 percent to 6,049. About seven stocks gained for every four that declined.

About 4.1 billion shares changed hands, 6 percent below the daily average of the past three months. Shares worth NT$88.8 billion traded, 9 percent below the three-month daily average.

Exports last month rose 14.2 percent to US$13.11 billion from a year ago as electronics makers shipped more components to factories in China, and laptop computers and flat-panel displays to the US and Europe, the Ministry of Finance reported.

Premier Image, the country's largest camera maker, gained NT$3, or 5.4 percent, to NT$58.50. Everlight Electronics, a light-emitting diode maker, rose NT$3.50, or 6.3 percent, to NT$59.

Acer Inc rose NT$0.20, or 0.4 percent, to NT$50. Sales last month rose 77 percent to NT$10.9 billion from NT$6.1 billion a year earlier. Sales increased from NT$7.6 billion in the previous month.

Yulon Motor Co (裕隆汽車), which assembles and sells automobiles designed by Nissan Motor Co, was unchanged after it said last month's sales rose 38 percent from a year earlier to NT$4 billion.

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