In Taiwan, shares end down 0.5% at 7136.06, with technology stocks leading the decline. TSMC fell 1.3%, UMC declined 1.1% and MediaTek lost 1.9%. Gains in paper and property-related stock countered losses. Chung Hwa Pulp rose 5.8%, while Goldsun Development & Construction rose 5.4%. Australia S&P/ASX 200 Index fell 0.3% to 5418.4, as plunging metal prices pressured the market and sent miners Rio Tinto and BHP Billiton sharply lower.


6:30AM European stocks move higher Monday on upbeat earnings.
European markets were higher on Monday. In early trade, the FTSE 100 in London climbed 0.2% to 6,218.0, Frankfurt Xetra Dax gained 0.1% to 6,365.67, and the CAC 40 in Paris added 0.3% to 5,459.83.

Advancers

Alstom It reported a 27% rise in first-half operating profit, together with an operating margin of 6.32%. The outlook was also positive, targeting an operating margin of 7% for 2007 and full-year sales growth of more than 10%. Alstom shares rose 5.1%.

Spanish Sacyr Vallehermoso, rose 4.1% ahead of its nine-month results. Deutsche Telekom rose 2.6% after the company announced on Sunday the resignation of Kai-Uwe Ricke.

Decliners

Miners declined the most on fears that a slowdown in the global economy would hurt demand for metals. Rio Tinto fell 2.4%, while BHP Billiton lost 1.7%.

Shares in Swiss drugmaker Novartis fell 1.6% after asking the US Food and Drug Administration to extend its review period on Galvus, its diabetes treatment, to consider new data showing that skin problems in animal tests were not seen in trials on patients.

Iberdrola, the Spanish utility, fell 1.8% after ratings downgrades followed announcement on Friday that it was in merger talks with Scottish Power.

Oil and gold

Crude oil fell as mild weather in the U.S., the world's largest energy consumer, reduced demand for heating oil. Crude oil for December delivery fell 27 cents to $59.32 a barrel in electronic trading on the NYME. Brent crude oil was down 7 cents to $59.64 a barrel on the London-based ICE Futures exchange.

Gold for immediate delivery gained as much as $4.15, or 0.7 %, to $632.70 an ounce. Gold futures for December delivery rose $3.50, or 0.6 %, to $633.60 an ounce.

Currencies

In morning trading, the euro bought $1.2857, up from $1.2847 late Friday in New York. Among other currencies, the British pound rose to $1.9122 from $1.9113 while the dollar was down slightly to purchase 117.41 Japanese yen from 117.62 yen.