TAIWAN DAYBOOK: Exports Rise 11.7%, Faster-Than-Expected Pace

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

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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