Bloomberg News

Taiwan Stocks: Aeco, Compal Electronics, Hon Hai Precision, WPG

October 05, 2011

Oct. 5 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 1:30 p.m. local time in Taipei.

The Taiex Index fell 58.72 points, or 0.8 percent, to 6,989.15, the lowest close since Sept. 26.

Apple Inc.-related shares: Wintek Corp. (2384 TT), a component maker for Apple products, dropped 3.8 percent to NT$22.90. Hon Hai Precision Industry Co. (2317 TT), which assembles iPhones, lost 1.9 percent to NT$67.60. Foxconn Technology Co. (2354 TT) slumped 6.9 percent to NT$96.80. Apple introduced an upgrade to the iPhone 4, short of an overhaul of the model.

Aeco Technology Co. (6119 TT) surged 6.8 percent to NT$14.10, the biggest increase since Feb. 25. WPG Holdings Ltd. (3702 TT) lost 1.5 percent to NT$32. WPG, a distributor of electronic components, plans to buy Aeco in a share swap, WPG said in a statement to the Taiwan stock exchange yesterday.

Compal Electronics Inc. (2324 TT), the world’s second- largest laptop maker, increased 2.4 percent to NT$27.25, the steepest rally since Sept. 20. Chang Chih-Ming, a spokesman for the company, confirmed a Commercial Times report that it received orders from Lenovo Group Ltd. for Ultrabook computers.

--Editor: Shiyin Chen

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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