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Shares close up
Shares closed 0.35 percent higher yesterday after late profit-taking capped an early technical rebound driven by Wall Street's overnight gains, dealers said.
The TAIEX added 27.62 points at 7,903.04, on turnover of NT$88.58 billion (US$2.68 billion).
Decliners led gains 708 to 452, with 213 stocks unchanged.
"Investors are acting conservatively ahead of the tax season," said Stanley Hsu of First Taisec Securities (一銀證券).
Hsu tipped the trading range for today within a 7,850 to 7,950 band.

Uni-President rebuts report
Uni-President Enterprises Corp (統一企業), the nation's largest food conglomerate, yesterday rebutted a local Chinese-language report that said it had decided to invest less than 20 percent of shareholding in China-based NissinHualong Food Co (華龍日清), China's second-largest instant noodle manufacturer.
In a filing to the Taiwan Stock Exchange, Uni-President said negotiations were ongoing and the two companies had not yet agreed on any specific investment projects.
Its board meeting on March 9 only passed a resolution authorizing Uni-President's wholly owned President Enterprises (China) Investment Co to deal with such investments, the statement read.
Statistics showed that China has replaced Japan to become the world's largest instant noodle market.

TAITRA session about car parts
The quasi-official Taiwan External Trade Development Council (TAITRA, 外貿協會) is inviting local manufacturers to take part in a consultation session in Taipei with the US-based Magna Donnelly Co on auto parts and components procurement, a TAITRA official said on Tuesday.
The official said a delegation of Magna Donnelly, whose annual procurement amount stands at US$22.81 billion, is scheduled to hold procurement meetings on Monday with local manufacturers and suppliers at the Taipei World Trade Center.
The official said Magna Donnelly is a high-end auto parts manufacturer, with its products including enhanced mirrors, window systems, car electronic spare parts and door closure systems, adding that the firm has 26 service centers around the world.

Traditional media losing out
US news-seekers are increasingly turning to Internet search engines, video clips and gossip-slingers to sate their curiosity about current events, a study released on Tuesday said.
Visits to the top 10 news and media Web sites in the US went down by nearly four percent over the past year as people turned increasingly to "non-traditional news websites," Hitwise online intelligence service reported.
Meanwhile, Web sites that "aggregate" news stories by harvesting them online registered increases in visits during the year ending in March, Hitwise said.
Yahoo News ranks as the top news Web site, with slightly more than 6.5 percent of the market.

NT dollar loses ground
The New Taiwan dollar neared the lowest in six months on speculation that investors sold the currency to put money in higher-yielding securities overseas.
"The Taiwan dollar is very weak," said Craig Chan, Lehman Brothers Holdings Inc's Asian currency strategist in Hong Kong. "It's still being used as a funding currency."
The NT dollar fell NT$0.01 to close at NT$33.286 against the US dollar, Taipei Forex Inc said.
Demand for the currency was limited on speculation that an inflation report this week will back the case for the central bank to keep borrowing costs unchanged.


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