Taiwan Stock Movers: Arima, AU Optronics, Chunghwa Picture Tubes
The Taiex Index rose 1 percent to 7,142.38, poised for the highest close since May 31. The gauge has gained 2.1 percent this week, headed for the biggest increase since May 5.
Handset makers: Arima Communications Corp. (8101) (8101 TT), retreated 1.7 percent to NT$17.20. Compal Communications Inc. (8078) (8078 TT) lost 3.8 percent to NT$36.80, headed for the steepest drop since June 4. Handset shipments may remain weak in the second quarter, JPMorgan Chase & Co. wrote in report.
Flat panel makers: AU Optronics Corp. (2409) (2409 TT), rose 1.3 percent to NT$12. Chimei Innolux Corp. (3481) (3481 TT) advanced 1.3 percent to NT$12.05, headed for the highest close since June 1. Panel prices may rise following earthquakes in Taiwan, according to a Citigroup Inc. report.
Separately, AU Optronics said its Lungtan plants should fully recover its production capacity in three to five days. The company expects no major financial impact as their plants are insured, it said in a statement to the Taiwan bourse.
Chunghwa Picture Tubes Ltd. (2475) (2475 TT) surged by the 6.9 percent daily limit to NT$1.09. The panel maker and Integrated Digital Technologies Inc. will make 21.5 inch in-cell panels from the third quarter and plan further cooperation on in-cell flat-panel touch technology, the companies said in a statement.
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