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Asia Top News and Analysis Taiwan

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • TAIPEI, Oct 2- Taiwan stocks rose 0.36 percent on Tuesday, joining other Asian bourses in gains after an unexpected expansion in U.S. factory activity buoyed sentiment, with defensive plays such as transport. The Taiwan dollar was up by T $0.083 to trade at T $29.319. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms STOCKS TO WATCH-- SINGAPORE AIRLINES LTD, TIGER AIRWAYS HOLDINGS LTD. -Singapore Airlines' budget unit, Scoot, and Tiger Airways have signed a partnership agreement and will offer some joint itineraries.

  • TAIPEI, Oct 2- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Nokia sells mapping services to Oracle. >3 M, Honeywell step up deals amid econ uncertainty.

  • MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • -Citigroup holds roundtable discussion on the impact of the QE3 on Asian policy makers, with Citi Asia Pacific Chief Economist Johanna Chua, Makati Shangri-La Hotel, 10:00 a.m.. STOCKS TO WATCH- JG SUMMIT HOLDINGS.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.

  • LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • TOKYO-- Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet for the third time this year Monday in hopes of boosting flagging public support for his government amid speculation that elections will be called in coming months.

  • NEW YORK-- New York City's 2013 mayoral race doesn't fully kick off until after voters are done picking a president.

  • TOKYO, Oct 1- Japanese Prime Minister Yoshihiko Noda appointed as finance minister on Monday a veteran lawmaker expected to follow his line on budget reform and currency intervention in a new cabinet unveiled ahead of an election due in months.

  • *India may amend controversial tax rules. MUMBAI, Oct 1- Indian shares rose on Monday to their highest close since July 2011 as construction and other infrastructure-related stocks such as IVRCL rose on expectations the government would continue to promote projects in the sector.

  • *Manufacturing in euro zone and Asia wilts in Sept. LONDON/ BEIJING, Oct 1- Factory output in Europe and Asia wilted again in September, flagging a return to recession for the euro zone and a seventh straight quarter of slowing growth in China, business surveys showed on Monday.

  • SINGAPORE, Oct 1- Fuel oil arbitrage arrivals into Asia were expected to further depress the fuel oil market, as demand from China's small and medium sized refiners remained thin. As China's economy slows, demand for refined products has decreased due to slowing industrial demand for power generation fuels.

  • LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.

  • TAIPEI, Oct 1- 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.

  • Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.