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To: im a survivor who wrote (12711)3/30/2004 11:06:13 AM
From: Boplicity  Respond to of 13815
 
SAN FRANCISCO (CBS.MW) - U.S. investors, growing more confident that political unrest in Taiwan is settling down, bought up shares of Taiwan's two major chip foundries Monday.

The Bank of New York Asian ADR Index climbed 1.32 points to close at 109.71.

Over the weekend, Taiwan's newly re-elected president agreed to a recount in an election campaign that brought about several violent protests as well as assassination attempts.

Taiwan Semiconductor (TSM, Trade) rose 41 cents, or 4 percent, to $10.39 and United Microelectronics (UMC, Trade) was up 28 cents, or 6 percent, to $5.23.

The other five Taiwanese ADRs that the Bank of New York follows also gained: Macronix International (MXICY, Trade) climbed 42 cents, or 13 percent, to $3.55, AU Optronics (AUO, Trade) added $1.55, or 9 percent, to $19.58, Advanced Semiconductor Engineering (ASX, Trade) gained 33 cents, or 6 percent, to $5.45, and Chungwa Telecom (CHT, Trade) rose 26 cents to $17.52.