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Taiwan Stocks: China Steel, HTC, Motech, Nanya Technology

Nov. 22 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are at the close in Taipei trading.

The Taiex Index fell 0.6 percent to 7,000.03, the lowest close since Oct. 5 and the third day of losses.

Solar-component makers: Sino-American Silicon Products Inc. (5483 TT) slumped 7 percent to NT$36.70, the lowest close since Dec. 5, 2008. Motech Industries Inc. (6244 TT) sank 6.8 percent to NT$43.60, a level not seen since Dec. 9, 2008, after Chinese makers of solar panels cut shipment forecasts.

JinkoSolar Holding Co. said yesterday third-quarter net income fell 74 percent from a year earlier and slashed its full-year module-shipment estimate by as much as 23 percent. Trina Solar Ltd. swung to a loss in the quarter ended Sept. 30, from a profit in the same period a year earlier.

China Steel Corp. (2002 TT) gained 2.4 percent to NT$27.65, the biggest advance since Aug. 31. Unit China Steel Global Trading Corp. plans to acquire Bamian Investments Pte for about NT$873 million ($29 million), parent China Steel said in a statement to the Taiwan stock exchange.

HTC Corp. (2498 TT) sank 5.8 percent to NT$600, the lowest close since Oct. 18, 2010, after its S3 Graphics unit lost a patent case against Apple Inc. at the U.S. Trade Commission.

Nanya Technology Corp. (2408 TT) slumped 6.4 percent to NT$2.33 after it filed a complaint against Elpida Memory Inc., Elpida Memory (USA) Inc. and Kingston Technology Co. at the U.S. International Trade Commission over patents for dynamic random-access memory technology.

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

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

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