Share prices closed 0.33 percent higher yesterday in modest trade as bargain-hunting reversed early losses sustained on the back of Friday's weaker finish on Wall Street, dealers said.
In line with other regional markets, the bourse recovered steadily over the session as investors become more confident that the fallout from North Korea's missile launches last week would be contained, they said.
The weighted index closed up 21.85 points at 6,682.46, off a low of 6,588.55 and a high of 6,694.75, on turnover of NT$68.55 billion (US$2.12 billion).
The heavily weighted electronics sector was up 0.46 percent while financials added 0.32 percent.
"Bargain-hunters became active just before noon, about the time when Seoul and Tokyo also recovered from earlier losses," SinoPac Securities (
It makes sense that emerging markets in Asia will attract a fresh round of capital inflows as long as nothing untoward happens regarding the Korean issue, he said.
Teng said the tech stocks were attracting fresh attention in their traditionally stronger second half of the year, with concerns over high inventory levels easing.
Taiwan Semiconductor Manu-facturing Co (台積電) was steady at NT$56.90 while rival United Microelectronics Corp (聯電) was up NT$0.20 at NT$19.40.
Makers of thin-film-transistor liquid-crystal-display panels and DRAM chips were mixed, with AU Optronics Corp (友達光電) down NT$0.85 at NT$44.15, while Chi Mei Optoelectronics Corp (奇美電子) was up NT$0.40 at NT$35.20, and Nanya Technology Corp (南亞科技) up NT$0.15 at NT$19.75.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
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