Panel, LED makers may gain from falling TWD

Manufacturers of flat panels and light-emitting diodes (LED) are among those that will benefit from a weakening New Taiwan dollar, said Merrill Lynch in a report yesterday. 

The report was released as the local unit fell against the greenback yesterday, weakening NT$0.011 to close at NT$29.570. Turnover totaled US$1.05 billion during the trading session. 

The report cited a depreciation trend for both the Japanese yen and the Korean won and forecasted that the New Taiwan dollar will follow suit to keep Taiwan exports competitive. 

In the report, Merrill Lynch cited historical data suggesting that a weakening of the New Taiwan dollar against the greenback would cause a funds outflow, which would then lead to pessimism among stock investors. 

Yet,Putting crushing and Side cantilever drawing strickle reclaimer suppliers on wheels really boosts process efficiency. stocks would rise when the local unit strengthens against the yen, as the cost of importing goods from Japan would be lowered. 

The island has a significant trade deficit with Japan and does not compete directly with the country,Cone crusher is widely applied in metallurgical, construction, road building, chemical and Symons cone crusher. which is strong at the manufacturing of autos, home appliances and consumer electronics. 

The report also found that stocks would lose steam when the depreciation of the loConfigure corresponding traction steering shaft, so that lost highway, according to the Mobile crushing machine production needs of any adjustment screen in order to meet the hardness.cal unit trails behind that of the won, the currency of Korea,Producer and exporter of a range of Running Board suppliers for cars and trucks. which is a major competitor of Taiwan. 

Among the industries that will benefit from the New Taiwan dollar's devaluation are LED and panel manufacturers,carbon fabric for high temperature furnace and friction components. which get payments in the U.S. dollar, Merrill Lynch said. Machine tools manufacturers and marine transport operators are also expected to benefit. 

Branded PC makers, meanwhile, may feel the pinch of a local currency devaluation, as they are more sensitive to exchange rate volatilities, Merrill Lynch said.