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Taiwan Equity Movers: AU Optronics And MediaTek Active in Taipei

March 14 (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 benchmark Taiex Index climbed 1.2 percent to 8,125.26, rising for a second day.

AU Optronics Corp. (2409 TT), Taiwan’s second-largest maker of liquid-crystal displays, fell 3.2 percent to NT$15.35 after being convicted in the U.S. for colluding to fix flat-panel prices. The decline was the steepest since Feb. 21.

MediaTek Inc. (2454 TT) added 0.8 percent to NT$306, rising for a second day. BNP Paribas SA raised its stock rating to “buy” from “hold” on better-than-expected 3G smartphone shipments and recovery in demand for feature phones in emerging markets.

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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