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Shares steady as investors wait
Shares closed little changed yesterday after Monday's climb as investors waited for the US Federal Open Market Committee's decision on interest rates, dealers said.
The TAIEX closed down 0.61 points at 6,881.87 on turnover of NT$87.43 billion (US$2.66 billion).
On the Taipei foreign exchange market, the New Taiwan dollar climbed by NT$0.024 to close at NT$32.906 against the US dollar on turnover of US$640 million.

Hsinchu park's output growing
The average annual growth rate of Hsinchu Science Park's (新竹科學園區) output for the past 10 years was 9.5 percent, according to statistics the Directorate General of Budget, Accounting and Statistics released yesterday. As of the end of last year, 400 companies in Hsinchu Science Park, Taiwan's silicon valley had produced a combined output of NT$494.2 billion (US$15.02 billion), according to the statistics.

Tsai will become TTL chairman
The Ministry of Finance announced late on Monday night that Martin Tsai (蔡木霖), vice president of the Taiwan Tobacco and Liquor Corp (TTL) (台灣菸酒公司), will be promoted to become the state-run enterprise's chairman. Ray Dawn (董瑞斌), his predecessor, will take over for Tsay Chin-tsair (蔡進財) as chairman of the Central Deposit Insurance Corp (CDIC, 中央存保).
Chen Wen-kai (陳文凱), president of TTL, will leave his post with Dawn as stipulated by government regulations. Tsai, the new chairman, will temporarily double as the firm's president, the ministry said in a statement.


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