TAIEX down on Spanish woes
The TAIEX moved in a narrow range yesterday amid cautious sentiment toward the debt problems in the eurozone and in light of Moody’s decision to cut debt-burdened Spain’s credit rating a day earlier to the edge of “junk” status, dealers said.
Many investors remained on the sidelines to keep the daily trading volume low as they appeared wary of the June 17 parliamentary elections in Greece, which could further exacerbate the financial problems in Europe, they said.
The weighted index closed down 13.73 points, or 0.19 percent, at 7,075.10 points, after moving between 7,070.36 and 7,114.07 on turnover of NT$49.78 billion (US$1.66 billion).
At the end of the session, the paper and pulp sector suffered the heaviest losses among the eight major market sectors, closing down 0.51 percent.
AUO inspecting factory
AU Optronics Corp (AUO, 友達光電), the nation’s No. 2 LCD panel maker, yesterday said its Lungtan (龍潭) factory in Taoyuan County had been temporarily halted by a series of earthquakes that rocked northern Taiwan this week.
The company said operations were recovering gradually after a brief shutdown for inspection, but it would take three days to five days for a full recovery.
It said it expected no major impact on operations because damage would be covered by insurance policies.
Intel clarifies shipping date
The Taiwan branch of US chipmaker Intel Corp said yesterday that the entry-level model of its new Ivy Bridge processors would begin shipping as soon as this month, following media reports that the products are scheduled for delivery in August.
“The Intel third-generation Core i3 processor will be available after June 24,” Intel’s Taiwan branch said in a statement.
The company also reiterated its earlier announcement, made a year ago at Computex, that it plans to shift 40 percent of the consumer notebook market to Ultrabooks by the end of this year, saying that the goal has not changed.
The clarification came a day after local media reports said that the shipping date of the faster Intel Core i5 and i7 processors had been delayed from last month to June 3, while the entry-level Core i3 processors were scheduled for delivery in August.
Yang Ming tops survey
Yang Ming Marine Transport Corp (陽明海運), the nation’s No. 2 container shipper in terms of fleet scale, topped the ranking in the North American Shipper Sentiment Poll run by British journal Containerisation International.
Yang Ming climbed 14 places in the latest poll, from its position in a previous survey earlier this year, the firm said in a statement.
The British journal’s survey evaluated global major container shippers based on 12 indicators.
Yang Ming’s overall score was 83, one of the highest scores ever achieved in the poll.
CAL plans regional partnership
China Airlines Ltd (CAL, 中華航空) is likely to form regional partnership with Chinese members of the global SkyTeam alliance later this year, with the aim of offering business travelers more incentives, CAL president Sun Hung-hsiang (孫洪祥) said on Wednesday.
The nation’s largest air carrier also plans to buy up to 10 fuel-efficient passenger aircraft at a price of NT$70 billion (US$2.3 billion), Sun said.
NT dollar edges higher
The New Taiwan dollar gained ground against the US dollar yesterday, adding NT$0.026 to close at NT$29.954.