Innolux Display Corporation
TPE:3481 ISIN:TW0003481008
InnoLux Display Corporation (TPE:3481) is principally engaged in the manufacture of thin film transistor-liquid crystal display (TFT-LCD) panel modules and LCD monitors, mainly used for desktop monitors, laptops, mobile phones and portable audio/video players. During the year ended December 31, 2008, approximately 87% and 12% of the Company's total revenue was from LCD monitors and TFT-LCD panel modules, respectively. The Company distributes its products in the domestic market and to overseas markets, including the rest of Asia, the Americas and Europe.
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Most Asian markets ended lower yesterday on fears of a possible downgrade of Greek debt. Japan's Nikkei lost 1.0 per cent while a rising yen weighed on exporters. Taiwan market fell 1.4 per cent and South Korean's Kospi declined 1.6 per cent. But China's Shanghai Composite rose 1.3 per cent, as investors were expecting an annual parliament session in March may reaffirm China's relatively loose monetary policy.
Asian equity markets Friday experienced heavy losses after Wall Street's tumble and concerns over European sovereign debt. Japan's Nikkei index fell 2.9%. Hong Kong's Hang Seng Index lost 3.3%, its first finish below 20000 since September. South Korea's Kospi lost 3% to 1567.12, Taiwan's Taiex sank 4.3% and China's Shanghai Composite gave up 1.9%.
Asian share markets broadly opened in positive territory. Japan's Nikkei was buoyed by the latest data showing that Japan's economy grew 1.2 per cent in July-September from the previous quarter, exceeding market expectations.
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