TAIWAN: BEFORE THE OPEN, 06Jun2013

Boom times in Taiwanese property, factory transactions up, and foreign capital flocking; Taipower crushed by energy prices; Cathay Financial hits the bid; Hide and go seek at the FDA; Made in China, Taiwan exports; Foxconn changes Chinese name; Here’s what you need to know pre open.

BLOCKS BLOCKS BLOCKS: Cathay Financial to raise NT$12bn at 13.5% discount

The capital should help boost their capital adequacy ration to over 10%

TAIWAN: CLOSING WRAP 07Mar2013

1. TWSE (7960.51, +0.13% DTD, +3.39% YTD)

2. USDTWD 11am fix (29.64, -0.11% DTD)

3. DRAM-A-THON rockets Nanya Tech (2408 TT, NT$3.44, +6.83%) LIMIT UP

4. Cathay Financial (2882 TT, NT$40.95, +5.00% DTD) EPS 0.61, Cathay Life EPS 0.80 Jan-Feb13

5. 5.6 magnitude earthquake hits Taipei

6. Mediatek (2454 TT, NT$346, 0.00% DTD) Feb sales down 28% MoM

7. LED prices to drop further in 2013