Gold Drops to $1,200/oz for First Time Since June in New York
Taiwan Equity Movers: AU Optronics, E Ink, Quanta Computer, UMC
The benchmark Taiex Index fell 0.9 percent to 7,475.71, the lowest close since Jan. 30.
AU Optronics Corp. (2409) (2409 TT) retreated 1.9 percent to NT$13.10. Taiwan’s second-largest flat panel maker said April sales fell 6.2 percent from a year earlier to NT$29.17 billion, according to a statement to the Taiwan Stock Exchange.
E Ink Holdings Inc. (8069) (8069 TT) slumped 6.8 percent to NT$28.60, the lowest close since May 13, 2009. The company cut salaries of executives by between 10 percent and 20 percent, according to a statement to the Taiwan Stocks Exchange. It will also implement unpaid leave for two days a month in May and June, according to statement.
Quanta Computer Inc. (2382) (2382 TT) lost 1.3 percent to NT$80.80. The world’s largest laptop maker said April revenue fell 22 percent from a year earlier to NT$67.76 billion ($2.3 billion), according to a statement filed to the Taiwan Stock Exchange.
United Microelectronics Corp. (2303) (2303 TT) slid 2 percent to NT$14.45. The world’s second-largest maker of contract chips said April sales fell 4.6 percent from a year earlier to NT$9.12 billion.
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