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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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To: StanX Long who wrote (10031)	6/9/2003 4:21:43 AM
From: StanX Long	Read Replies (1) of 95580

And then, this! Stan Taiwan May exports up 2.1 pct; beats forecast sg.biz.yahoo.com TAIPEI, June 9 (Reuters) - Taiwan's exports rose a weak but better-than-expected 2.1 percent in May from a year earlier, the finance ministry said on Monday, blaming the SARS virus and slower demand in Hong Kong, the United States and Southeast Asia. The Ministry of Finance said Taiwan's exports reached US$11.27 billion in May, with year-on-year growth coming in slower than April's 5.6 percent but better than the 0.8 percent decline forecast by a Reuters poll. Analysts had said they expected exports to fall for the first time in 14 months in May due to the Severe Acute Respiratory Syndrome (SARS) hurting corporate and consumer spending in Taiwan's largest export destination, China. The finance ministry said May imports rose 0.8 percent year-on-year to US$9.5 billion, slower than the 7.1 percent rise in April due to the domestic outbreak of SARS and worse than the 2.9 percent rise predicted by the Reuters poll. May's trade surplus was US$1.76 billion, the ministry said, up 9.4 percent from a year ago, better than the US$1.24 billion forecast in the poll. (US$1 = T$34.7)

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