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■ TAIEX falls on oil price hike
Share prices closed 0.83 percent lower yesterday, as exporters such as Hon Hai Precision Industry Co (鴻海精密) fell after crude oil prices rose, raising concern that production costs would rise and overseas consumers would have less to spend. The TAIEX fell 55.04 points to the day's low of 6,631.51, on turnover of NT$75.59 billion (US$2.33 billion). Hon Hai Precision, the nation's largest electronics exporter, dropped 1.7 percent to NT$206. Asia Optical Co (亞光), which supplies lenses used in digital cameras, fell after Citigroup Inc cut its price target, citing a disappointing outlook for this year. It plunged 6.9 percent to NT$155.

■ Chi Mei plans new China plant
Chi Mei Optoelectronics Corp (奇美電子) plans to build its second factory in China to make liquid-crystal display modules. "We are planning a second module plant in China to meet rising demand and Shenzhen is one of the possible locations we would consider," Eddie Chen (陳彥松), a company spokesman said yesterday. "The timetable and investment amount haven't been finalized." The firm may build the factory in Shenzhen, where many LCD-TV makers are located, the Chinese-language Economic Daily News reported yesterday, citing Chi Mei chairman Liao Chin-hsiang (廖錦祥).

■ NT dollar loses ground
The New Taiwan dollar traded lower against its US counterpart on the Taipei foreign exchange market yesterday, declining NT$0.083 to close at NT$32.483. Trading during the day totaled US$977 million.

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