Taiwan Stocks Preview Advanced Semiconductor, Hon Hai, HTC

Indonesia stock info Taiwan Stocks Preview Advanced Semiconductor, Hon Hai, HTC : ; Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of last close in Taipei

The Taiex Index rose 93.56, or 1.1 percent, to 8,574.91.

Advanced Semiconductor Engineering Inc. (2311) (2311 TT):
The chip packaging and testing company was cut to “neutral” from “overweight” by JPMorgan Chase & Co. analyst Rick Hsu. The 15- month share-price estimate is NT$33. The stock advanced 1.2 percent to NT$30.65.

Hon Hai Precision Industry Co. (2317 TT):
Sharp Corp. and the world’s largest contract maker of electronics have agreed to form a venture to procure parts for liquid crystal displays. The companies will also supply LCDs to one another, Miyuki Nakayama, a spokeswoman for Sharp, said by telephone on July 15. The stock gained 2.1 percent to NT$92.20.

HTC Corp. (2498) (2498 TT):
Asia’s second-biggest maker of smartphones said it will buy back as much as 2.4 percent of its outstanding shares after a U.S. International Trade Commission ruled that it infringed two Apple Inc. patents. The stock dropped 2.4 percent to NT$907.

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