Stocks ended slightly higher yesterday on bargain hunting, with construction stocks leading gains on improving property demand, analysts said.
The TAIEX added 4.2, or 0.1 percent, to 6,879.11, with a turnover of NT$129.49 billion (US$3.88 billion). The index dropped as much as 1 percent in intra-day trading. About the same number of stocks rose as fell. Taiex futures for March delivery shed 0.1 percent to 6,922.
Construction stocks surged 4.2 percent overall, outpacing all other sectors.
Alan Tseng, an analyst at Capital Securities Corp (群益證券), said the bourse was able to recoup early losses because investors sought bargains as the key index approached the short-term support level of 6,800 points.
Shares of Kuoyang Construction Co (
Steel makers also benefited from the rise in property demand. Yieh Loong Steel Co (燁隆) climbed 2.8 percent to NT$18.4, while Chia I Industrial Co (嘉益) surged 6.4 percent. But China Steel Corp (中鋼) fell 0.3 percent to NT$34.10.
Computer-memory chipmakers saw their shares boosted by stabilizing dynamic random access memory prices, analysts said.
Nanya Technology Corp (南亞科技), the nation's largest computer memory-chipmaker, climbed 4.8 percent to NT$26.20, and Winbond Electronics Corp (華邦電子) rose 2.2 percent to NT$18.50.
Rival Mosel Vitelic Inc (
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
RSS