Shares closed lower for a third straight session yesterday, as investors wary about the upcoming presidential vote recount chose to exit the market, traders and analysts said.
The TAIEX lost 72.05 points, or 1.1 percent, to end at 6,574.75, with 581 stocks finishing lower, 219 higher, and 163 unchanged.
Trade was a thin NT$107.51 billion (US$3.2 billion).
Falling shares also pressed the New Taiwan dollar to close down NT$0.037 against its US counterpart at NT$33.081 on the Taipei foreign exchange market.
"As you can tell from the turnover, investor sentiment is low, which I would say can be logically linked to concerns about the vote recount," said KGI Securities vice president Janet Sheng.
Among yesterday's heaviest decliners, Advanced Semiconductor Engineering Inc (
The chip testing and packaging stocks sharp fall came after their US rival Amkor Technology Inc missed first-quarter expectations and provided a disappointing outlook for the second quarter.
Financial shares were in relatively better shape after a bill drafted to extend the lifetime of a financial restructuring fund by one year passed an initial legislative reading during trading hours. The bill has two more reviews to go.
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],”
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