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.