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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (12560)3/21/2004 9:36:57 PM
From: D.B. Cooper  Read Replies (1) of 13815
 
Looks like AUO might have some selling pressure tomorrow

Taiwan Taiwan Weighted ^TWII 9:37pm 6,361.39 -453.70 -6.66%

Taiwan's Stocks Fall on Presidential Election Dispute, Protests
March 22 (Bloomberg) -- Taiwan's stocks tumbled after the Nationalist Party challenged the legality of President Chen Shui- bian's re-election and accused him of faking an assassination attempt. Thousands of protesters vowed to stay outside the presidential offices until a recount is ordered.

The key TWSE Index plunged 6.7 percent to 6363.29 at 9:07 a.m. in Taipei. Only seven of the 644 stocks didn't fall by the 7 percent daily limit. Taiwan Semiconductor Manufacturing Co., the world's largest supplier of made-to-order chips, and United Microelectronics Corp. led the decline.

The MSCI Taiwan Index Futures due in March dropped 9.7 percent to 260.50 in Singapore. The Taiwan Index futures due in April shed 7 percent to 6352 in Taipei.

The Nationalist candidate Lien Chan said a shooting took place in the southern city of Tainan, where President Chen and Vice President Annette Lu were grazed by bullets during a campaign motorcade, was ``suspicious'' and had affected the outcome of the election, held Saturday.

Protesters blocked the boulevard in front of Taiwan's presidential office in Taipei, demanding a recount and for an independent medical probe of the minor injury the president sustained by gunshot.
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