Wed, Aug 31, 2011 - Page 11 News List

[ BUSINESS BRIEFS ]

STAFF WRITER, WITH AGENCIES

TAIEX closes above 7,600

The TAIEX finished slightly higher yesterday on overnight gains on Wall Street and rises in large-cap electronic stocks, with the benchmark index closing above 7,600 points for the first time since on Aug. 18.

The TAIEX closed up 68.18 points, or 0.90 percent, to end at 7,646.19 on turnover of NT$106.88 billion (US$3.68 billion).

Hon Hai Precision Industry Co (鴻海精密) closed up by the daily limit after the world’s largest contract electronics maker reported on Monday that its gross margin in the second-quarter edged higher to 7.3 percent from 7.2 percent in the first quarter, snapping a streak of five straight quarters of falling margins.

The company shares rose 6.85 percent to NT$68.60, while affiliate Foxconn Technology Co (鴻準) rose 6.95 percent to NT$96.90.

A total of 3,019 stocks closed up, 1,356 were down and 489 remained unchanged.

SMEs to receive awards today

Eleven Taiwanese companies were selected to receive awards today as part of the government’s effort to encourage small and medium-sized enterprises (SMEs) to expand their export trade, the Small and Medium Enterprise Administration (SMEA) said yesterday.

The winners of the Rising Star Award were selected from 59 SME nominees in the biotech, transportation, machinery and information technology sectors, the agency said.

SMEs are defined as businesses with capital of less than NT$80 million or with fewer than 200 employees, according to the agency.

There are 1.24 million SMEs nationwide, representing 97 percent of the nation’s companies.

TWSE launches online service

The Taiwan Stock Exchange Corp (TWSE) began offering its Listings Directory service on Friday to help investors at home and abroad access locally listed companies’ trading, financial and business information on its Web site.

The easy-to-use search interface allows users to quickly learn about a companies’ recent trading history, revenues and profits, as well as the issuing of shares and dividends, it said.

Taiwan to host WFUMB event

Taiwan has won the right to host the 2017 World Congress of the World Federation for Ultrasound in Medicine and Biology (WFUMB), the Bureau of Foreign Trade said in a statement yesterday.

The nation applied to host the event at the organization’s 2009 congress and, after an aggressive lobbying effort, was elected as the meeting’s 2017 host at this year’s congress, which was held in Vienna, Austria, from Thursday until yesterday.

A delegation of about 30 Taiwanese, led by Chen Shin-cheh (陳訓徹), president of the Chinese Taipei Society of Ultrasound in Medicine, attended the event.

Japanese firms partner on LCDs

Sony Corp, Toshiba Corp and Hitachi Ltd advanced in Tokyo trading after the Yomiuri Shimbun reported the companies will form a venture to make liquid-crystal displays.

Sony rose 3.5 percent to ¥1,695 (US$22.07) on the Tokyo Stock Exchange. Toshiba was up 2.1 percent at ¥339 and Hitachi added as much as 1.23 percent at ¥411.

The benchmark Nikkei 225 of the Tokyo Stock Exchange gained 102.55 points, or 1.16 percent, to 8,953.90.

NT dollar up against greenback

The New Taiwan dollar rose against its US counterpart yesterday, adding NT$0.004 to close at NT$29.035.

Turnover totaled US$713 million during the trading session.

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