Print

Mail

wiki links

Business Briefs

TAIEX hits 14-month high
Shares rose to a 14-month high yesterday, led by memory-chip stocks on expectations of strong contract prices next month.
The TAIEX rose 79.37 points, or 1.3 percent, to 6,357.83, its highest closing level since it ended at 6,402.21 on April 29 last year.
"The increase in turnover bodes well. DRAM stocks ... pushed up the entire electronics sector," said Andrew Teng (鄧安瀾), a manager at Taiwan International Securities (金鼎證券).

Jobless rate up to 4.1 percent
Unemployment rate rose to 4.10 percent last month from 4.04 percent in April, but was down from 4.41 percent a year earlier, the Directorate General of Budget, Accounting and Statistics announced yesterday.
A total of 424,000 people were unemployed last month, 7,000 more than in April. Unemployment in the first five months of the year averaged 4.13 percent, down 0.34 percentage points from a year earlier, it said.
"The marginal month-on-month increase, due largely to seasonal factors, was hardly a surprise," DGBAS' Deputy Director Liu Beei-chern (劉碧珍) said.
The rise in the number of first-time job seekers who failed to find work last month reflected graduates coming into the market, a trend likely to persist through to August, he said.

NT dollar advances
The New Taiwan dollar traded higher against its US counterpart, advancing NT$0.035 to close at NT$31.355 on the Taipei foreign-exchange market. Turnover was US$666 million, up from US$628 million the previous day.

This story has been viewed 1851 times.