TAIEX edges higher
The TAIEX edged higher yesterday, boosted by large-cap electronic and food stocks, but gains in the two sectors were offset by concern about a long-awaited ruling on the legality of a eurozone bailout fund that could be postponed by Germany’s Constitutional Court, dealers said.
The weighted index ranged between a high of 7,509.16 and a low of 7,468.18 before finishing up 2.39 points, or 0.03 percent, at 7,485.13. Turnover was NT$66.69 billion (US$2.25 billion), the lowest level since Sept. 1.
A total of 1,620 stocks closed up, 2,302 finished down and 481 remained unchanged.
Taiwan plans TIFA topics
In view of the expected resumption of talks under the bilateral Trade and Investment Framework Agreement (TIFA), Taiwan will discuss bilateral trade and investment and regional economic integration with the US once the two resume long-stalled trade talks, Vice Minister of Economic Affairs Francis Liang (梁國新) said yesterday.
The nation’s participation in regional economic integration is another major concern that Taiwan wants to bring to the TIFA platform, he said.
Describing the TIFA as an important platform for Taiwan and the US to discuss and resolve trade and economic issues, Liang said reactivating the platform, which has been closed for five years, would greatly help the stable development of Taiwan-US ties.
Acer’s monthly sales grow
Acer Inc (宏碁), the world’s fourth-largest PC vendor by shipments, said on Monday its unconsolidated sales for last month were NT$26.71 billion (US$895.2 million), 17.87 percent higher than the previous month’s NT$22.66 billion.
However, last month’s figure was still 15.53 percent lower than the same month a year earlier, the company said in a statement, without giving further details.
In the first eight months, revenue totaled NT$242.98 billion, up 6.74 percent year-on-year, the company said.
Nexus 7 arrives early
Asustek Computer Inc (華碩) announced on Monday that it has started to deliver its new Nexus 7 tablet computers to distributors in Taiwan, earlier than the previously scheduled date in the middle of this month.
The shipments were made one week after Asustek began taking pre-orders on Sept. 3. In that time, the company has received more than 10,000 pre-orders, it said.
The tablet computer, which was designed and developed by Google Inc in conjunction with Asustek, runs on the Android 4.1 Jelly Bean operating system. The 16GB version has a price tag of NT$8,990 (US$302), according to Asustek.
Show expects record growth
The 2013 Taipei International Machine Tool Show (TIMTOS), to be held in March next year at the Taipei World Trade Center’s Hall 1 to 3 and Nangang Exhibition Hall, is expected to attract a record number of exhibitors and visitors from around the world, the organizers said yesterday.
The biennial exhibition, the second largest of its kind in Asia, has already attracted more than 950 local and foreign exhibitors from over 20 countries, the Taiwan External Trade Development Council (TAITRA) said in a statement.
The event is expected to be attended by an estimated 47,500 visitors, including 5,500 buyers from Taiwan’s major machine tool export markets such as Indonesia, Turkey, Russia, India and Brazil.
NT dollar continues rise
The New Taiwan dollar continued gaining ground against the US dollar yesterday, adding NT$0.025 to close at NT$29.715. Turnover totaled US$777 million during the trading session.