European stock markets struggled Friday, the last trading day of January, as dealers found little news to whet their appetites amid a mixed performance on Wall Street. \nThe British FTSE 100 index slipped 0.47 percent to 4,390.7 points, the German DAX 30 index lost 0.91 percent to 4,058.60 points and the French CAC 40 closed 0.65 percent lower at 3,638.44 points. \nThe DJ Euro Stoxx 50 index of leading eurozone shares fell 0.73 percent to 2,839.13 points. \nThe euro stood at US$1.2456. \nMarkets took a breather towards the end of a month that has seen the DAX 30 and CAC 40 rally by over two percent, while the FTSE 100 has lost 1.9 percent. \nMany analysts still subscribe to the idea of the "January barometer," which decrees that "as January goes, so goes the rest of the year." \nAnais Faraj, European equity strategist at Nomura Securities, is not one of them. \nBut he said: "There is a strong seasonal pattern. If you look at the US and Europe, really since 1970, on average January has delivered a reasonably good return." \nHowever, if history is any guide, investors could be in for disappointment over the next few weeks. \n"On average over the last 30 years February has been very, very weak. It's one of the weakest months of the year," said Faraj. \n"I think we're going to see a sharp drop [in the stock market] into February and then by the end of February the market will pick up," he predicted. \nThere was little news from New York to galvanize markets in Europe on the last trading day of January. \nUS stocks were mixed as European markets closed, with investors still trying to fathom the implications of a subtle change in the tone of the US Federal Reserve's stance on monetary policy which sparked a big sell-off a day earlier. \nShares in French Internet and telecommunications firm Iliad debuted on the Paris stock exchange with a 30.37 percent jump in value to 21.25 euros. \nIn Amsterdam, the AEX index slipped 0.26 percent to 353.31 points, the Swiss SMI was down 0.55 percent at 5,736.4 points, in Milan the Mib 30 lost 0.92 percent to 27,694 points, in Madrid the Ibex-35 shed 1.04 percent to 7,929.9 points and in Brussels the Bel-20 closed up 0.08 percent at 2,383.76 points.
BULK PURCHASE: The French chain and Hong Kong-based Dairy Farm International reached a deal covering 224 stores, which is expected to be finalized by year’s end Carrefour SA yesterday announced it would acquire Wellcome Taiwan Co (惠康百貨) for 97 million euros (US$108.33 million), and bring all the Wellcome supermarkets (頂好超市) and Jasons Market Place stores nationwide under its banner within 12 months of the deal closing. The France-based hypermarket chain reached an agreement with Hong Kong-based Dairy Farm International Holdings (牛奶國際控股), the pan-Asian retailer that launched Wellcome Taiwan in 1987. The transaction involves 199 Wellcome supermarkets, which have average sales areas of 420m2 and 25 high-end Jasons Market Place stores, which have an average sales area of 820m2, as well as a warehouse in Taoyuan, Carrefour Taiwan (家樂福)
‘ONE-STOP SHOP’: A Miaoli official said that the factory in the Jhunan section of the Hsinchu Science Park would create more than 1,000 jobs and boost prosperity A new high-end IC packaging and testing plant planned by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in Miaoli County is expected to start operations in the middle of next year, Miaoli County Commissioner Hsu Yao-chang (徐耀昌) said. Hsu wrote on Facebook that TSMC, the world’s largest pure wafer foundry operator, would invest NT$303.2 billion (US$10.1 billion) to build the plant, the largest-ever single investment in Taiwan. However, TSMC declined to disclose the financial terms of the deal, while a company board meeting on May 12 approved a spending plan worth NT$168.2 billion as part of its investment plans. Construction of the
SCATTERED: Production would be dispersed among a number of countries, which would bring an end to so-called world factories, Hon Hai chairman Young Liu said Decentralized production would be the new focus in manufacturing, Hon Hai Precision Industry Co (鴻海精密) chairman Young Liu (劉揚偉) yesterday told an online forum held by the Market Intelligence & Consulting Institute (MIC, 產業情報研究所). “The COVID-19 pandemic exerted a heavy impact on supply chains as well as production ... [production] would no longer be concentrated in solely one country, this is the end of what we used to call world factories,” Liu said during a panel discussion hosted by MIC director Victor Tsan (詹文男). As the US and China continue to dominate and sway international relations, the rest of the world is
PLANNED OUT: The government is lifting sale and export restrictions on 60% of the 20 million masks made daily, but people can still make purchases using their NHI cards Twenty thousand boxes of 50 masks each would be on sale at FamilyMart convenience stores starting tomorrow, Taiwan FamilyMart Co Ltd (全家便利商店) said yesterday. A box of 50 masks would cost NT$249 for those with FamilyMart memberships and NT$299 for those without, with no limits placed on how many boxes a person can buy, the company said. Convenience store chain operator Hi-Life International Co Ltd (萊爾富) said that it would also start selling masks from tomorrow. It has yet to announce details about prices and quantity. Hypermarket chain operator Carrefour Taiwan (家樂福) said that it would start selling packs of five