Taiwan’s year-on-year export growth was 11.7 percent last month, accelerating from 9.9 percent in September, the Ministry of Finance said. The median of 13 estimates in a Bloomberg News survey was for a 5 percent gain.
Imports rose 11.8 percent in October for a trade surplus of $3.32 billion. Consumer prices rose 1.22 percent in October from a year earlier, compared with a revised 1.37 percent the prior month, another report showed.
WHAT TO WATCH: * Taiwan’s dollar lost 0.3 percent to NT$30.108 against its U.S. counterpart, according to Taipei Forex Inc. * The yield on the 2 percent bonds due July 2016, the most traded government securities, was little changed at 1.04 percent * The benchmark Taiex rose 0.2 percent to 7,621.72 * Overseas investors were net buyers of Taiwan’s stocks; Net purchases of NT$2.3 billion ($76 million) EQUITY MOVERS: * Bank of China (3988 HK), Land Bank of Taiwan signed an agreement in Beijing yesterday * E Ink (8069 TT) October sales double on year to NT$3.7 billion * Far Eastern Bank (2845 TT) scraps plan to sell up to $200 million of overseas convertible bonds * Gintech Energy (3514 TT) October sales drop 48 percent on year to NT$1.5 billion * HTC (2498 TT) China shipments grow fivefold on year, CEO Peter Chou says; company to introduce second tablet model, next year * Siliconware Precision (2325 TT) October sales gain 8.1 percent on year to NT$5 billion * Taiwan Polysilicon (4975 TT) agrees to borrow NT$10.7 billion from 14 lenders including Fubon’s(2881 TT) banking unit * Tripod (3044 TT) October sales drop 23 percent on year to NT$346 million EVENTS: * Last day of Deutsche Bank Access Taiwan Conference 2011 * SEACEN-Deutsche Bank course on bank stress testing, Nov. 7-11 GOVERNMENT: * Taiwan Financial Supervisory Commission meeting, 5 p.m. BTV HIGHLIGHTS (All Hong Kong time): 8:10 Viktor Shvets, Samsung Securities, Head of Asia Research 8:40 Michael Werner, Sanford Bernstein, Senior Banks Analyst 10:40 Dane Chamorro, Control Risks Group, MD North Asia 11:15 Don Gimbel, Carret Asset Management, Senior MD
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