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To: DJBEINO who wrote (8799)	10/20/2000 8:14:24 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

DATA VIEW: Taiwan Sep Orders Herald Strong Exports Ahead TAIPEI (Dow Jones)--Better-than-expected September export orders out of Taiwan herald solid exports for the remainder of the year as global demand for the island's electronics products remains strong, economists said Friday. Export orders, which hit a record high, rose 33.3% on year to US$14.3 billion last month, beating expectations for a 26.6% gain and higher than August's 25.1% growth to US$13.7 billion, the Ministry of Economics Affairs said Friday. The previous monthly record high of US$13.9 billion was set in June. Industrial output in September, meanwhile, rose 16.5% on year, compared with 9.31% growth in August, and was also higher than expectations for a 12.8% rise. "It's surprising. I think the news is quite encouraging for the market," said Charles Yang, economist at Taiwan International Securities in Taipei. Indeed, the issue of the data added to the 6.4% rally in the bellwether stock market Friday, which was prompted by overnight gains in the Nasdaq and stellar third quarter earnings from the world's largest chip foundry, Taiwan Semiconductor Manufacturing Co. (TSM). Taiwan's export orders and industrial output grew strongly in September amid continued strong demand for the island's electronics goods. The strong growth was also due to a low base period in the previous year when a massive earthquake halted production at many plants on the island, said Chang Yaw-tzung, statistics director at the ministry. He added the U.S. passing of permanent normal trade relations with mainland China had boosted orders from the U.S. and Hong Kong. Economists had factored in the low base from last year, but were still surprised by the jump in September's orders growth, especially with recent earnings warnings from U.S. technology firms citing some sales slowdown. "I wonder if this is sustainable," said David Li, economist at Entrust Securities, who pointed out export orders usually forecast exports two to three months down the road.