The TAIEX rose for the fifth session in six yesterday. CMC Magnetics Corp (中環) gained after a newspaper said the nation's largest maker of recordable compact discs will have record sales this month.
Quanta Computer Inc (廣達電腦) and Hon Hai Precision Industry Co (鴻海精密) declined on concern a drop in the US dollar against the New Taiwan dollar will erode the value of overseas sales.
The TAIEX added 8.26, or 0.2 percent, to 5,684.01. The index fell as much as 0.6 percent earlier. About the same number of stocks gained and declined.
The index has risen 1.1 percent since Sept. 16. The futures contract for September delivery rose 0.3 percent to 5,714.
CMC Magnetics rose 60 cents, or 2.4 percent, to NT$25.60.
Ritek Corp (錸德) climbed 10 cents, or 0.4 percent, to NT$23.
CMC's net income in the third quarter will top NT$2 billion (US$59 million), compared with the NT$2 billion the company posted in the first half, a Chinese-language newspaper reported, citing company chairman Bob Wong (翁明顯).
Quanta Computer, the world's largest notebook computer maker fell NT$1, or 1.2 percent, to NT$84.50. Hon Hai Precision, the nation's largest electronics maker, dropped NT$4, or 2.6 percent, to NT$148.
China Development Financial Holding Corp (中華開發金控), the nation's fifth-largest financial company by market value, rose 5 cents, or 0.4 percent, to NT$12.70. Chairwoman Diana Chen (陳敏薰) said the lender is considering taking over an insurer and a commercial bank, the local newspaper reported.
Chunghwa Telecom Co (
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
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
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