Bloomberg News

Taiwan Stocks Movers: Powertech Technology, Yuanta Financial

March 27, 2012

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close.

The benchmark Taiex Index advanced 0.8 percent to 8,029.46. The gauge has risen 13.5 percent this year, poised for the best three-month performance since the quarter ended September 2009.

Powertech Technology Corp. (6239) (6239 TT) lost 2.2 percent to NT$58.20, the largest retreat since March 12. The chipmaker will recognize a NT$1.89 billion ($64 million) loss on impaired assets, according to an exchange statement yesterday.

Yuanta Financial Holding Co. (2885) (2885 TT) gained 1.6 percent to NT$16.25, the most since March 13. Taiwan’s Financial Supervisory Commission approved unit Yuanta Commercial Bank’s application to set up a branch in Macau, according to a statement on FSC’s website.

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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