Taiwan stocks - Factors to watch - July 3
(Adds local press reports)
TAIPEI, July 3 (Reuters) - Here are news stories and press reports that may affect the Taiwan stock market on Thursday.
Stocks could open lower, extending a skid that has seen them tumble to a 16-month low, after a Wall Street sell-off that saw the Dow Jones .DJI officially enter a bear market.
REUTERS HEADLINES > Taiwan GDP growth to ease in 2008 as inflation clim[nTP321781] > Taiwan's top LCD makers may cut production - paper [nTP339597] > Culture shock looms as Taiwan braces for Chinese to[nTP294600] > Taiwan financials hit 5-mth low on profit concern [nTP14822] > Taiwan corporate results in June [nTP226989] > Taiwan stocks fall to 16-mth low; financial shares [nTP341896] > Taiwan dollar falls as investors await econ signals[nTP345641] > Foreign trading in Taiwan stocks [nTP170358] > US stocks-Dow enters bear market amid broad sell-o[nN02435462]
LOCAL PRESS REPORTS
-- Formosa Plastics (1301.TW: Quote, Profile, Research) is taking a number of energy-saving steps that it hopes will cut its energy costs by 3 percent, the Economic Daily reported.
-- China Motor Corp (2204.TW: Quote, Profile, Research) has rolled out a voluntary retirement program to reduce costs, amid frigid auto sales as gas prices soar, the Economic Daily reported.
-- The cabinet will raise the percentage of assets that funds can invest in mainland Chinese stocks to 10 percent from the current 0.4 percent, the Commercial Times reported. ----------------------MARKET SNAPSHOT @ 2341 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1261.52 -1.82% -23.390 USD/JPY JPY= 105.96 0.11% 0.120 10-YR US TSY YLD US10YT=RR 3.9691 -- 0.010 SPOT GOLD XAU= 943.1 -0.13% -1.250 US CRUDE CLc1 144.06 0.34% 0.490 DOW JONES .DJI 11215.51 -1.46% -166.75 ASIA ADRS 144.65 -2.60% -3.86 -------------------------------------------------------------
OTHER INDEXES/TAIWAN ADRS
LAST % CHANGE
Phil. semicon index -2.19
Adv Semicon Eng (ASE) (ASX.N: Quote, Profile, Research) -3.74
AU Optronics (AUO.N: Quote, Profile, Research) -0.19
Chunghwa Telecom (CHT.N: Quote, Profile, Research) -1.09
Siliconware (SPIL.O: Quote, Profile, Research) -0.57
TSMC (TSM.N: Quote, Profile, Research) -2.84
UMC (UMC.N: Quote, Profile, Research) -1.05
For a table of foreign trading in Taiwan stocks, double-click on [ID:nTP16023]
For a diary of forthcoming events see [TW/DIARY]
For a diary of economic indicators see [TW/ECI\]
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story












