Taiwan Equity Movers: Fubon Financial, Yuanta Financial

Taiex Index +0.7% in Taipei; 502 stocks gain, 40 drop; MSCI Asia Pacific Index +0.2%.

ADVANCERS: * Fubon Financial (2881 TT) +3.5%; co. announced plans to buy 80% of China’s First Sino Bank for 5.65b yuan * Yuanta Financial (2885 TT) +1.3%; co. announced intention to submit letter of intent to buy Vietnam’s First Securities Join Stock Co.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net.

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