Stocks rose for a third day yesterday, led by Taiwan Semiconductor Manufacturing Co (TSMC,
"The US economy is showing solid signs of growing," said Simon Chao (
The "US recovery will fuel growth for Taiwanese exporters," he said.
The US is Taiwan's second-largest export market.
The TAIEX rose 103.41, or 1.8 percent, to 5,851.20. It has risen 4.8 percent in three days. About eight stocks gained for every three that fell. The futures contract for October delivery rose 1.5 percent to 5,829.
TSMC, the world's largest maker of computer chips on a subcontracting basis, advanced NT$1, or 1.4 percent, to NT$71. Rival UMC increased NT$0.90, or 3.1 percent, to NT$30.40.
The US economy added 57,000 jobs last month, the US Labor Department said Friday. The unemployment rate held at 6.1 percent.
Chinatrust Financial Holdings Co (
Mega Financial Holding Co (
Nan Ya Plastics Corp (
Friday's fire halted one of three plants that make high-density polyethylene, a recyclable plastic used to make bottles.
Honam's damaged plant in Yeosu, south of Seoul, probably won't resume operations for a month, said a company official.
Formosa Plastics Corp (台塑), an affiliated company of Nan Ya Plastic, rose NT$1.50, or 3.1 percent, to NT$49.70.
Lite-On Technology Corp (
Lite-On said last month's sales almost tripled to NT$9.4 billion after the company absorbed four smaller units. Sales rose from NT$3.2 billion in September a year ago and NT$8.2 billion in August this year.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained