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 (
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Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
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