Shares ended higher for the third straight session yesterday, with memory-chip makers leading gains. Dealers said buying picked up after the index breached a key technical level.
The TAIEX finished up 19.87 points, or 0.4 percent at 5,622.86 in dealings valued at NT$91.48 billion (US$2.66 billion).
Advancers well outnumbered decliners 461 to 218, while 205 issues ended the day unchanged.
"It's significant that the index finished above the 60-day moving average of 5,612. Once it passes 5,650, the next major pressure zone is around 6,000," said Harvey Chang, an analyst at United Securities Investment Trust (聯合投信).
Makers of dynamic random access memory chips were higher yesterday as the average spot price for the most widely used DRAM chip recovered from a recent slide.
Powerchip Semiconductor Corp (
Continued concerns over flat-panel prices, however, curbed further gains. AU Optronics Corp (
"Volume didn't taper off from yesterday, which is great for a rebound, but the bourse can only do it if LCD stocks and the two chipmakers [UMC and TSMC] carry their weight," Chang said.
United Microelectronics Corp (聯電), the world's second largest contract chipmaker, dropped 1.3 percent to NT$23, while global No. 1 Taiwan Semiconductor Manufacturing Co (
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
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