Bloomberg News

Taiwan Stocks Movers: Kinsus Interconnect, Mitac International

February 01, 2012

Feb. 1 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The Taiex Index rose 0.4 percent to 7,549.21, a fifth day of gains and the highest close since Nov. 9.

Kinsus Interconnect Technology Corp. (3189 TT) dropped 3.4 percent to NT$92.70 after the company was lowered to “sell” from “buy” at Citigroup Inc.

Mitac International Corp. (2315 TT) surged 5.5 percent to NT$10.30, the highest close since Nov. 18, on speculation the Taiwan government will increase spending on cloud-computing infrastructure after naming a Google executive as minister without portfolio, Agriculture Bank of Taiwan fund manager Parker Wu said by phone.

--Editor: Matthew Oakley

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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