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Asia Top News and Analysis Taiwan

  • MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.

  • SEOUL, Oct 9- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. >Australia's Aquila fights to trim $7.6 bln project.

  • CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.

  • "The banks' decision is further evidence that the unilateral actions by Japan is freezing bilateral relations and now starting to weigh on the world's economy," Xinhua cited Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institution under China's Ministry of Commerce, as saying.

  • MUMBAI, Oct 8- India's main stock index fell for a second straight session on Monday, marking its biggest daily fall since July 27, as profit-taking, coupled with business outlook concerns, hit recent outperformers such as Reliance Industries.

  • PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.

  • SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.

  • HONG KONG, Oct 8- The divergence between the yuan's official midpoint fixing and spot rate due to its expanded trading band will shift more business to the offshore yuan deliverable market from the non-deliverable forward market due to a need to hedge exposure, Standard Chartered Bank said on Monday.

  • Oct 08- In its published report titled "Banking Industry Country Risk Assessment: Czech Republic," Standard& Poor's Ratings Services said that the Czech banking sector's main strengths are its solid core customer deposit base, industry stability and strong risk-adjusted profitability, and the country's prudent macroeconomic policies and sound government finances.

  • TAIPEI, Taiwan-- Taiwan's exports rose 10 percent from a year earlier in September to $27 billion, ending a streak of six consecutive monthly declines. The Finance Ministry said Monday that Southeast Asia has shown its economic strength by buying $5.4 billion worth of Taiwanese goods in the month, up 41 percent from a year earlier.

  • TAIPEI, Oct 8- Taiwan's Quanta Computer Inc, the world's top contract laptop PC maker, said on Monday that consolidated September sales totalled T $83.5 billion, down 5.8 percent from T $88.6 billion a year earlier. The figure was however up from the previous month's T $82.9 billion. The company did not give further details.

  • TAIPEI, Oct 8- Taiwan's exports rose more than expected in September after six straight months of declines, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth.

  • BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. Exports to Europe -10.5 pct.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. Exports to Europe -10.5 pct.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. FOREST CHEN, ANALYST, TA CHONG BANK.

  • TAIPEI, Oct 8- Taiwan's exports, imports and trade balance for September, released by the Ministry of Finance on Monday.

  • TAIPEI, Oct 8- Taiwan smartphone maker HTC Corp. said on Monday that consolidated sales for September reached T $21.13 billion, down 53.4 percent from the same month a year earlier. The monthly sales compared with T $45.3 billion a year ago and T $24 billion in the previous month.

  • TAIPEI, Oct 8- Taiwan's HTC Corp, the world's fifth-largest smartphone maker, said its third-quarter net profit fell 79 p ercent, mi ssing f orecasts, as its flagship phones failed to keep pace with the Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy range.

  • TAIPEI, Oct 8- The table below shows the daily net trading in Taiwan stocks by three major categories of institutional investors, in millions of Taiwan dollars. A negative figure indicates net selling.