US jobs data boost TAIEX
The TAIEX rose yesterday, reflecting gains on Wall Street overnight and in other regional markets after the US reported better-than-expected service sector data, dealers said.
Market sentiment was also lifted to some extent by a decision by G7 leaders to make concerted efforts to deal with the financial crisis in the eurozone, they said.
The weighted index closed up 55.70 points, or 0.80 percent, at 7,056.15, after moving between 7,004.40 and 7,076.28, on turnover of NT$65.70 billion (US$2.20 billion).
Grand Ocean shares fall
Shares of Grand Ocean Retail Group Ltd (大洋百貨), a China-based department store chain operator, fell below their issue price yesterday, the first day of their primary listing on the Taiwan Stock Exchange, amid concerns over a slowdown in the Chinese economy, dealers said.
The shares fell 0.42 percent from their initial listing price of NT$120 to end at NT$119.50, with 8.19 million shares changing hands.
The stock opened at the day’s high of NT$127.00 and selling dragged the price into negative territory toward the end of the session, the dealers said.
WTO head to speak in Taipei
WTO Director-General Pascal Lamy will speak via videoconference at an international conference to be held in Taipei tomorrow to mark 10 years of Taiwan’s participation in the WTO.
Lamy’s speech will focus on the changing landscape of world trade and its future challenges and opportunities, according to the Chung-Hua Institution for Economic Research, which is organizing the conference.
The institution said the conference would review the progress and changes that have taken place in the 10 years since Taiwan’s accession into the WTO on Jan. 1, 2002, and discuss the experiences of various countries in coping with the global economic situation.
Chengdu Taiwan fair opens
A four-day trade fair showcasing over 30,000 Taiwanese products will open today in Chengdu in China’s Sichuan Province, the organizers said yesterday.
The trade fair, which will showcase more than 500 exhibitors manning 1,300 booths, will feature zones dedicated to cultural and creative offerings, energy-saving products, Taiwanese tea, clothing and accessories, sportswear, biotech cosmetics and produce.
The show is being organized by the non-profit Taiwan External Trade Development Council and the Sichuan Provincial Government. To introduce Chengdu residents to Taiwanese specialties, the produce zone will showcase snacks and drinks characteristic of Taiwan, including pearl milk tea, sun cakes and pineapple
Taipower reports cost overruns
The suspension of a reactor at Taiwan’s No. 2 nuclear power plant has led to cost overruns of NT$100 million (US$3.3 million) per day, Taiwan Power Co (Taipower, 台電) chairman Hwang Jung-chiou(黃重球) said on Tuesday.
Taipower now has over-expenditures totaling more than NT$3 billion since the end of April, when the reactor was scheduled to resume operations after a 45-day annual maintenance suspension, Huang said.
Apart from the NT$3 billion in cost overruns, Taipower had accumulated losses of NT$176.6 billion as of the end of last month, after years of selling electricity below cost.
NT dollar rises slightly
The New Taiwan dollar gained ground against the US dollar yesterday, adding NT$0.065 to close at NT$29.935.
Turnover totaled US$697 million during the trading session.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and