Bloomberg News

Taiwan Stock Movers: Chinatrust, HTC Corp., Taiwan Semiconductor

April 09, 2012

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 slid 1.4 percent to 7,600.87, its lowest close since Feb. 1.

Semiconductor stocks: Taiwan Semiconductor Manufacturing Co. (233O) (2330 TT), the Taiex’s biggest member by index weighting, fell 1 percent to NT$83, its lowest close since March 16. Advanced Semiconductor Engineering Inc. (2311) (2311 TT) lost 1.4 percent to NT$29.05. United Microelectronics Corp. (2303) (2303 TT) fell 1.1 percent to NT$13.85.

Taiwan may impose a capital-gains tax on stocks traded by big shareholders and professional investors with large trading volumes, the Taipei-based Economic Daily News reported, without saying where it got the information.

Chinatrust Financial Holding Co. (2891) (2891 TT) declined 1.1 percent to NT$17.80, its lowest close since Jan. 18. The company posted first-quarter net income of NT$5.19 billion ($176 million).

HTC Corp. (2498) (2498 TT), Asia’s second-largest smartphone maker, retreated 6.8 percent to NT$545, its lowest close since Feb. 7. The company posted on April 6 its biggest drop in profit since listing a decade ago, after sales declined amid competition from Apple Inc. and Samsung Electronics Co.

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

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


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus