Wed, Sep 21, 2005 - Page 11 News List

Business Briefs

AGENCIES

■ TAIEX jumps higher

Share prices closed 1.16 percent higher yesterday in a sharp technical rebound led by the key electronics sector, dealers said.

They said investors welcomed a strengthening in the local currency, which eased concerns over possible fund outflows, and this was enough to support the market in the face of a fresh spike in oil prices.

The TAIEX closed up 69.76 points at 6,105.35, on turnover of NT$83.54 billion (US$2.53 billion).

Thin-film-transistor liquid crystal display panel makers rose on a report that South Korea's Samsung Electronics Co has raised its forecast for this year of global demand for television LCD panels to 22 million from the 20 million projected earlier in July.

AU Optronics Corp (友達) closed up 2.99 percent at NT$44.80 while Chi Mei Optoelectronics Corp (奇美) rose 5.03 percent at NT$37.60, Chunghwa Picture Tubes Ltd (華映) 5.11 percent at NT$9.88, and HannStar Display Corp (瀚彩) 4.8 percent at NT$7.65.

■ Nation inks deal with Kansas

The nation signed a trade deal Monday with the Kansas Beef Council to import nearly US$130 million worth of hides, mostly for leather shoes.

The deal is part of a larger US$420 million agreement under which Taiwan will import up to 6 million beef hides from the US next year and in 2007.

■ NT dollar rises

The New Taiwan dollar turned strong against its US counterpart, rising NT$0.048 to close at NT$33.048 on the Taipei foreign exchange market.

Turnover was US$748 million, down from US$828 million the previous day.

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