Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Taiwan Stock Movers: Hon Hai Precision, Nanya, Inotera, Pou Chen

Don't Miss Out —
Follow us on:

Nov. 21 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The Taiex Index fell 2.6 percent to 7,042.64, the lowest level since Oct. 5.

Memory-chip makers: Nanya Technology Corp. (2408 TT) sank 6.7 percent to NT$2.49. Inotera Memories Inc. (3474 TT) plunged 6.9 percent to NT$4.05, the biggest drop since Nov. 10. The recent Thai floods and weaker-than-seasonal PC demand will continue to lead to bearish sentiment for the spot prices of dynamic random access memory, or DRAM, according to a report from Bank of America Corp.’s Merrill Lynch.

Hon Hai Precision Industry Co. (2317 TT) lost 2.4 percent to NT$78.20, the lowest level since Oct. 24. Foxconn Technology Group, of which Hon Hai is the Taipei-listed flagship, plans to spin off and list three to five of its units, China’s state-run Xinhua reported, citing Chairman Terry Gou. Edmund Ding, spokesman for Hon Hai, didn’t answer two calls to his mobile phones today.

Pou Chen Corp. (9904 TT) dropped 1.3 percent to NT$22.50, the lowest close since Oct. 20. The contract footwear manufacturer said its Yue Yuen Industrial Holdings Ltd. (552 HK) unit is negotiating with workers in Dongguan, China who are on strike over performance-bonus plans.

To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.