Shares close up
Shares closed 0.40 percent higher yesterday as investors continued to be encouraged by strong momentum in regional markets, dealers said.
The bourse stayed in positive territory throughout the session, although its upside was capped by profit-taking amid some technical pressure, they said.
The TAIEX closed up 33.16 points at 8,221.79, after trade ranged between 8,214.58 and 8,256.25, on turnover of NT$112.08 billion (US$3.40 billion).
Decliners outnumbered advancers 569 to 538, with 237 stocks unchanged.
On the local foreign exchange market, the New Taiwan dollar continued losing ground against the US dollar, tracking a weak yen.
The New Taiwan dollar declined NT$0.013 to close at NT$33.398, on turnover of US$969 million, Taipei Forex Inc said.
Export orders rise
The nation's export orders rose 11.27 percent from a year earlier to US$27.46 billion last month, which was the second-highest monthly value on record, the Ministry of Economic Affairs' tallies showed yesterday.
The highest on record was US$28.03 billion, registered in March.
During the first four months of this year, export orders grew 12.34 percent from the same period last year to US$103.34 billion, the ministry reported.
The ministry attributed the year-on-year rise to demand for laptops and an increase in the number of outsourcing contracts from international firms.
The ministry expects export orders to show stable growth going forward as a lower local currency, steady economic growth in Europe and Japan, and the demand from newly emerging markets in Asia should offset the negative impact of a slowing US economy.
Industrial output last month increased 2.57 percent from a year earlier, which was the fastest pace since January, the ministry said.
7-Eleven commercial stopped
The Consumers' Foundation (消基會) yesterday urged the National Communications Commission (NCC) to demand that President Chain Store Corp (統一超商) stop a creative TV commercial to avoid misleading children.
In the latest commercial advertising convenience store 7-Eleven's cold noodles, a pop band singer is found by her friends hiding inside a refrigerator eating the popular food.
The foundation said it had received phone calls from parents, expressing worries that their children might try the same at home.
Although the commercial includes a written safety warning, it means nothing to children who are too young to read, the non-profit organization said.
In response, President Chain said it had stopped the controversial commercial after hearing concerns from consumers and would be more careful in the future.
With only one week left to file income tax returns, 70 percent of the nation's taxpayers have yet to complete the dreaded chore, the Taxation Agency said yesterday. As of Tuesday, only 1.5 million people, or 28.8 percent of the nation's 5.2 million single and joint filing taxpayers, had filed their annual tax reports, the agency said.
Among them, 1 million filed online, out-numbering those who chose to visit tax offices.
The agency called on the public to make use of its convenient online service.
To meet demand, tax offices will work extra hours at noon on workdays until next Thursday. Offices will remain closed this Saturday and Sunday.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion