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Taiwan Equity Movers: AU Optronics, Innolux, Yulon

Taiwan’s Taiex index -0.1% in Taipei, with 389 up, 282 down, 105 unchanged; measure up 6.6% this year.

ADVANCERS:

  • Yulon Motor (2201 TT) +1.1%; Taiwan govt. promoting cooperation with Japan cos. to develop electric cars, Economic Daily News reported, citing govt. officials it didn’t name
  • Oriental Union Chemical (1710 TT) +2%; ethylene glycol industry outlook in 2013 is good, Frank Fu, analyst at MasterLink Securities, says by phone today; co. rated buy at Jih Sun Securities Investment Consulting, PT NT$40

DECLINERS:

  • Innolux (3481 TT) -6.9%, AUO (2409 TT) -6.7%; cos. face ordercuts from Chinese TV makers, Economic Daily News reported without saying where it got the information. AUO spokeswoman Hsiao Yawen declined to comment, Innolux spokesman CH Lin unavailable

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