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Tue, Apr 23, 2002 - Page 18 News List

Stocks mixed; Hon Hai rises as China Development drops

BLOOMBERG , TAIPEI

The TAIEX rose for a second day, led by Hon Hai Precision Industry Co (鴻海精密), on a report that the nation's largest computer-parts maker expects at least 15 percent annual profit growth in the next three years.

The TAIEX added 14.18, or 0.2 percent, to 6462.30. Within the index, almost 5 stocks rose for every 2 that fell. The total value of trade was NT$120.7 billion (US$3.5 billion), matching the six-month daily average of NT$120 billion.

Hon Hai, which rose NT$2, or 1.3 percent, to NT$159, also expects sales to grow at least 30 percent annually the next three years.

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