Taiwan Equity Movers: Ichia Technologies, Silitech, Ta Chong
The Taiex Index dropped 1.1 percent to 7,261.80, following a 2.9 percent rally yesterday. The gauge has fallen 3.2 percent in May, poised for the third straight monthly drop.
Research In Motion (RIMM) Ltd.-related suppliers: Ichia Technologies Inc. (2402) (2402 TT) lost 2.2 percent to NT$15.7. Silitech Technology Corp. (3311) (3311 TT) dropped 0.3 percent to NT$68.9. Unitech Printed Circuit Board Corp. (2367) (2367 TT) declined 0.9 percent to NT$11.2. Research In Motion, reeling from sluggish BlackBerry sales, forecast a surprise operating loss for the first quarter and hired banks to advise on strategic options.
Ta Chong Bank Ltd. (2847) (2847 TT) lost 5 percent to NT$9.18, taking a four-day slump to 22 percent. The company said on May 25 Yuanta Financial Holding Co. and Fubon Financial Holding Co. have stopped merger-related assessments and procedures.
To contact the reporter on this story: Saeromi Shin in Seoul at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com