Shares ended flat yesterday as Typhoon Rananim lashed the nation, keeping many traders at home and causing the lowest turnover in more than a year.
The TAIEX finished up 0.68 point, or 0.01 percent, at 5,368.02 in dealings valued at NT$34.80 billion (US$1.05 billion).
The last time turnover was lower was May 21 last year, when fear of SARS pushed the value of trading down to NT$28.50 billion (US$838 million).
Declining issues outnumbered advancers 323 to 299, while 282 ended the day unchanged.
The market was down most of the day, mainly due to declines in US shares overnight. A last-minute surge -- which some dealers attributed to government funds entering the market -- helped stocks close slightly higher.
The electronics subindex fell 0.4 percent, autos dropped 2.1 percent, steel edged down 0.1 percent and construction declined 0.9 percent.
Semiconductor issues were among the hardest hit yesterday.
United Microelectronics Corp (
Computer memory chipmakers also dropped. Powerchip Semiconductor Corp (
The world's largest contract notebook maker also fell sharply. Quanta Computer Inc (
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan