Stocks dropped for a second day yesterday. Hon Hai Precision In-dustry Co (
Chunghwa Telecom Co (
"There isn't much competition in the fixed-line phone market for Chunghwa Telecom and now there will be less in the mobile market, as well," said Chris Ruffle, who manages the US$260 million China Fund, which has gained 84 percent this year.
The TAIEX fell 12.13, or 0.2 percent, to 5,287.38, paring its gain for the week to 0.9 percent. About two stocks dropped for every one that gained. Turnover was NT$101.34 billion (US$2.95 billion). July futures on the index added 0.1 percent to 5,255.
SAP's statement came after International Business Machines Corp said companies are delaying software purchases and Nokia Oyj forecast a slide in network-equipment sales this year.
Hon Hai, a computer cable connector maker, fell NT$1, or 0.7 percent, to NT$149. BenQ Corp (
Chunghwa Telecom gained NT$1.50, or 3 percent, to NT$51.50.
Far EasTone fell NT$0.20, or 0.9 percent, to NT$22.60. KG Telecom isn't listed.
Fubon Financial Holding Co (
Mega Financial Holdings Co (
Teco Electric & Machinery Co (東元電機), an appliance and industrial motor manufacturer, dropped NT$0.15, or 1.4 percent, to NT$10.85 after it sold US$65 million of bonds exchangeable for shares it owns in United Microelectronics Corp (UMC, 聯電), the sale's arranger said.
Taiwan Semiconductor Manu-facturing Co (台積電) closed steady at NT$58 and UMC was down NT$0.30 at NT$24.40.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
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