Shares ended higher yesterday as investors switched out of old-economy stocks in favor of technology issues, dealers said.
The TAIEX finished 55.05 points higher, or 0.8 percent, at 6,644.28 in dealings valued at NT$147.3 billion (US$4.43 billion).
Advancing issues outnumbered decliners 476 to 300, while 192 ended the day unchanged.
Yesterday's rise came one day after the key index shed 76.66 points, its largest single day decline in point terms since Dec. 17, when the bourse fell 135.22 points to end at 5,752.01.
Technology sector shares accounted for about 56 percent of market turnover, and the subindex ended up 1.1 percent -- driven mainly by shares of liquid-crystal-display screen makers.
Shares in AU Optronics Corp (
Hannstar Display Corp (瀚宇彩晶), a smaller rival of AU, soared 6.6 percent to NT$16.1. Shares in Chunghwa Picture Tubes Ltd (中華映管), the nation's No. 3 LCD maker, also performed well, gaining 6.4 percent to NT$18.2.
Chip shares were also strong yesterday. The world's largest chip packaging and testing firm, Advanced Semiconductor Engineering Inc (日月光) added 3.6 percent to NT$37.3, while rival Siliconware Precision Industries Co (矽品) rose 2.2 percent to NT$36.7.
Chip designer Sunplus Technology Co (
Novatek Microelectronics Corp (
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
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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