Fri, Mar 30, 2007 - Page 11 News List

Business Briefs

AGENCIES

■ Shares close marginally up

Shares closed 0.77 percent higher yesterday as early losses sparked by Wall Street's overnight weakness were reversed by window-dressing ahead of the end of the current quarter this week, dealers said.

Bargain-hunting helped the market set aside concerns over inflation in the US and high global oil prices, they added.

The TAIEX closed up 60.19 points at 7,848.33. Turnover was NT$114.55 billion (US$3.46 billion).

Risers led decliners 736 to 356, with 214 stocks unchanged.

■ ASE pays NT$3 per share

Advanced Semiconductor Engin-eering Inc (ASE, 日月光半導體), the world's largest chip-packaging and testing company, said it would pay a dividend of NT$3 (US$0.09) a share.

The company will pay a record NT$1.5 in cash, said Freddie Liu (劉思亮), spokesman for Kaohsiung-based ASE. The company would also pay a NT$1.5 stock dividend per share, he said.

■ NT dollar strengthens

The NT dollar strengthened on speculation that the nation's exporters would convert their US dollar profits to secure month-end settlements.

The NT dollar gained by as much as 0.1 percent to NT$33.028 before closing onshore trading at NT$33.064, compared with NT$33.076 on Wednesday, to Taipei Forex Inc said.

"We see demand from some exporters to sell the US dollar against the Taiwan dollar," said Gary Huang, a currency trader at Union Bank of Taiwan (聯邦銀行). "Lots of exporters were interested in selling the US dollar near NT$33.10. That's a good level."

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