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To: DJBEINO who wrote (1927)	11/5/1997 11:53:00 PM
From: DJBEINO	Respond to of 9582

"Reports that semiconductors from the U.S. and Japan are seeking overseas foundry business support and Taiwan's TSMC and UMC are part of the best providers are very encouraging, " At 9:53 am, the electronic sector rose 4.9 pct, while the weighted index was up 176.78 points at 8,041.00 on turnover of 68.71 bln twd. Chen of Core Pacific Securities Investment Trust said the current sharp gains were mainly boosted by IC and IC related stocks. "Investors have high hopes about upstream electronic manufacturers, in particular foundry business. TSMC is an indicator of them," Chen said. TSMC rose 8.00 to its daily maximum of 126.50 with 32.19 mln shares changing hands. Chen said after having been oversold recently, TSMC has a good chance of rising to 130-140. Reports that semiconductors from the U.S. and Japan are seeking overseas foundry business support and Taiwan's TSMC and UMC are part of the best providers are very encouraging, Chen said. Following the TSMC footprints, Siliconware was limit up 5.00 at 77.50, ASE gained 7.00 to 16.50 and UMC added 3.00 to 73.00. Chen said in addition to IC and IC related shares, Asustek, a major motherboard manufacturers in Taiwan, has been very influential to the current gains of the sector. "The global PC market continues growing. Component companies, such as Asustek, will be better off next year," said Chen. Asustek was limit up 33.00 at 508.00.