Taiwan Stocks: Asia Cement, Giga Solar Materials, Kinsus, MStar

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 fell 1 percent to 7,358.08, and rose 2 percent this week.

Asia Cement Corp. (1102) (1102 TT) dropped 3.4 percent to NT$34.30 after the cement maker was cut to “neutral” from “buy” at Sinopac Securities Corp.

Giga Solar Materials Corp. (3691) (3691 TT), the solar-energy component maker, lost 2.2 percent to NT$331 after it was cut to “neutral” from “outperform” at KGI Securities Co. by equity analyst Jennifer Liang.

Kinsus Interconnect Technology Corp. (3189) (3189 TT) sank 6.3 percent to NT$93.70, the most since Sept. 26, after BNP Paribas said the shares may fall to NT$90 amid the outlook for earnings.

MStar Semiconductor Inc. (3697 TT) jumped 6 percent to NT$178, the highest close since June 10, after Goldman Sachs Group Inc. said in a report the company’s fourth-quarter revenue may rise on market-share gains in handsets and set-top boxes. Goldman Sachs has a “buy” rating on the company and a share- price estimate of NT$210.

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net

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