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To: DJBEINO who wrote (9028)	12/18/2000 1:46:35 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC (2303) closed @ 48.50 -1.50 vol 36,923,000 2nd most active +++++++++ TAIWAN WEIGHTED closed @ 5055.20 -78.90 (-1.54%) Day's Range :5022.34 - 5127.73 ++++++++ Taiwan shares are down early Monday as continued stock selling for year-end window dressing, lack of fresh incentives and low volume weigh on sentiment ++++++++++++ Almost 120 publicly traded companies in Taiwan cut their earnings forecasts for fiscal 2000 as the island's key stock index slid 42 percent this year, the Economic Daily News said, citing a Taiwan Stock Exchange survey. Banks often demand repayment before the Chinese New Year holiday, which begins Jan. 19 this year, while companies and individuals are struggling to meet loan payments as the economy slows in tandem with earnings. ``Typically in Chinese New Year, liquidity dries up,'' said Cheng Yi-sheng, who helps manage $58 million in Taiwan equities at Taiwan Securities Ltd. ``It's close to the end of year and most institutions and local investors are selling stocks.''