Taiwan Stocks: E Ink, Hon Hai Precision, Nanya Technology Corp.
The Taiex Index fell 0.4 percent to 7,884.08.
Memory chip companies: Powerchip Technology Corp. (5346) (5346 TT) surged 6.8 percent to NT$1.26, the most since Nov. 16. Nanya Technology Corp. (2408) (2408 TT) jumped 7 percent to NT$3.83, the biggest advance since Aug. 24. Inotera Memories Inc. (3474) (3474 TT), a venture between Micron Technology Inc. and Nanya, climbed 6.9 percent to NT$6.64, the highest close since Sept. 30.
Micron Technology President Mark Adams said prices of computer memory have probably hit their lowest after a slump that caused losses at three of the four largest companies in the industry.
E Ink Holdings Inc. (8069) (8069 TT) slumped 6.2 percent to NT$40.30, the biggest loss since Jan. 9. The supplier to Amazon.com Inc. was cut to “sell” from “neutral” at Goldman Sachs Group Inc. The share-price estimate was also lowered 40 percent to NT$36 at JPMorgan Chase & Co.
Hon Hai Precision Industry Co. (2317) (2317 TT), a unit of Foxconn Technology Group, declined 1.5 percent to NT$101. Apple Inc. said the Fair Labor Association started audits of supplier Foxconn Technology Group’s factories in China, the first inspections of a larger effort to respond to criticism of conditions of workers making its gadgets.
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