Stocks fell yesterday, led by Asustek Computer Inc (華碩電腦) and Compal Electronics Inc (仁寶電腦), on concern second-quarter earnings due next week will miss some analysts' forecasts after the SARS epidemic slowed growth, reducing sales.
"Taiwan companies, in general, won't report good second-quarter profits because of the SARS outbreak,"said Fam Hsieh, who manages US$35 million in funds for the Balance Fund at Grand Cathay Securities Trust Co (大華投信).
Yageo Corp (
The TAIEX shed 39.78, or 0.8 percent, to 4,894.01. About five stocks declined for every one that gained. About 3.6 billion shares changed hands, 13 percent above the average daily volume in the past three months. The value of trading was NT$74.8 billion (US$2.2 billion), 17 percent above the average daily value traded in the last three months.
July futures on the index shed 1.1 percent to 4,885.
Asustek, the nation's largest motherboard maker, dropped NT$2, or 2.2 percent, to NT$90. Compal, the country's second-largest notebook computer maker, fell NT$0.80, or 1.7 percent, to NT$46.20.
Via Technologies Inc (
Yageo, the the nation's biggest maker of parts that control the flow of electricity in circuits, fell NT$0.55, or 5.4 percent, to NT$9.65. The company plans to sell as many as 520 million new shares as global depositary receipts, Yageo said in a statement to the Taiwan Stock Exchange Corp. The value of the sale is based on Wednesday's NT$10.20 closing price.
Delta Electronics, the nation's biggest maker of computer-power systems and chargers, fell NT$0.70, or 1.6 percent, to NT$43.60.
The company plans to sell five-year zero-coupon bonds to finance overseas purchases of materials and capital requirements, it said in a statement.
ProMOS Technologies Inc (
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New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
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