UMC (2303) closed @ 56.00 - 2.50 vol 67,975,428
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Feb 2 Net Purchase 5,532,000 shares
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TAIWAN WEIGHTED closed @ 5932.42 -116.84 (-1.93%)
Day's Range :5867.79 - 6012.43
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4NP construction decision expected today. President Chen Shui-bian is expected to announce a compromise permitting construction of the Fourth Nuclear Power Plant to be resumed, with conditions. Today, Monday, President Chen will meet with senior DPP legislators to win their cooperation and compromise, while continuing to negotiate between the Legislative Yuan and Executive Yuan. Compromise may entail (a) accepting the Legislature's resolution to construct the Plant; (b) adoption of a new state energy law; (c) decommissioning earlier than planned Taiwan's four nuclear power plant facilities; (d) building no additional nuclear power plants; (e) achieving a "nuclear-free Taiwan."
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[Dow Jones] Taiwan's key stock index ends down 1.9% at 5932 as Nasdaq's losses and net foreign selling Friday damp sentiment. However, advances outnumber declines 2 to 1, as investors buy recent market laggards in construction, textile, food and cement. Despite index's losses today, analysts still optimistic, after U.S. and Taiwan rate cuts last week. Index likely to test 6292 this week, barring any U.S. market plunge, says Manager at investment consulting company |
