Taiwan Stocks: AU Optronics, Fubon, Hon Hai, Tachong Bank
The benchmark Taiex Index fell 0.4 percent to 7,921.50.
AU Optronics Corp. (2409) (2409 TT) lost 4.5 percent to NT$14.90. Chimei Innolux Corp. (3481) (3481 TT) decreased 4.7 percent to NT$15.20. Taiwan’s television panel shipments fell 21 percent in January from a month ago, larger than the 7.7 percent decline for the global market, Jih Sun Securities Ltd. said in a note.
Hon Hai Precision Industry Co. (2317) (2317 TT) dropped 2.9 percent to NT$96.80, the biggest decline since Dec. 15. Lu Sung- Ching, a board member, filed to sell 950,000 shares in the company, according to a stock-exchange statement yesterday. The stock was cut to “neutral” from “overweight” at HSBC Holdings Plc.
Ta Chong Bank Ltd. (2847) (2847 TT) jumped 5.8 percent to NT$11.80, the highest close since July 7. Fubon Financial Holding Co. (2881) (2881 TT) may offer NT$15 a share to buy the financial services company, the Commercial Times reported, without saying where it got the information. Fubon retreated 0.7 percent to NT$33.95. Fubon and Ta Chong denied the report in separate statements to the Taiwan Stock Exchange.
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