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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: stox19 who wrote (58677)	1/11/2002 12:14:21 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Friday January 11, 12:28 PM Taiwan stocks down 2.55 pct as profit-taking bites sg.biz.yahoo.com TAIPEI, Jan 11 (Reuters) - Taiwan stocks were down 2.55 percent at midday on Friday as investors took profits in memory chip manufacturers following declines in U.S. heavyweight Micron Technology . By 0428 GMT, the TAIEX <.TWII> index was down 149.47 points to 5,721.81, after gaining nearly one percent in the first few minutes of trade to hit a nine-month intraday high. Winbond Electronics <2344.TW> fell T$1.20, or 4.07 percent, to T$28.30 and was the most heavily traded issue after 241 million shares changed hands, while fellow DRAM maker Mosel Vitelic <2342.TW> was next on the active list, giving up 0.93 percent to T$21.40. Like many memory chip firms, Winbond has nearly tripled in value since an October trough due to a sharp rise in spot prices of their products, and analysts said Thursday's pullback in U.S. semiconductor stocks offered an opportunity for profit-taking. Industry leader Micron fell 3.6 percent on Thursday.