Profit-taking drags on TAIEX
The local bourse pulled back on profit-taking yesterday as investors locked in profits they had built on further liquidity-easing measures in the US, dealers said.
Among the losing stocks, smartphone vendor HTC Corp (宏達電) failed to attract buying, even though the company in New York overnight unveiled its first models running Microsoft’s Windows 8 operating system, they said.
Shares of Macronix International Co (旺宏電子), one of the nation’s memorychip suppliers, soared 6.96 percent to NT$9.83 as investors had high hopes that the launch of Japan-based Nintendo Co’s new gaming console, the Wii U, would help the chipmaker improve its bottom line, dealers said.
Nintendo announced that its latest version of its gaming console would go on sale in the US on Nov. 18, to take the advantage of the buying spree in the Christmas holiday season. It will go on sale in Japan on Dec. 8.
The transport sector continued its momentum after the government announced earlier this week the launch of the Taoyuan Aerotropolis project, which aims to develop the area surrounding Taiwan Taoyuan International Airport, they added.
The weighted index closed down 54.36 points, or 0.69 percent, at 7,727.55 on turnover of NT$80.34 billion (US$2.74 billion).
New SIM cards offered
The nation’s telecoms operators Chunghwa Telecom Co (中華電信), Taiwan Mobile Co (台灣大哥大) and Far EasTone Telecommunications Co (遠傳電信) yesterday said they would supply new SIM cards for their subscribers to cope with a smaller and thinner SIM card slot on Apple Inc’s new iPhone 5.
Free new SIM cards will be made available at selected outlets when the iPhone 5 hist stores in nine markets, including Hong Kong and Singapore.
Universities ink MOU
US chip equipment manufacturer Applied Materials Inc signed a memorandum of understanding (MOU) yesterday with four Taiwanese universities and a state-funded research institute with the aim of focusing on cooperation projects and providing hundreds of internship opportunities abroad.
The company signed the MOU with National Taiwan University, National Chiao Tung University, National Tsing Hua University, National Cheng Kung University and the Industrial Technology Research Institute (工研院), Taiwan’s top industrial research body.
It covers exchange of personnel, information and equipment, co-hosted seminars, research cooperation projects, as well as internship programs. Next year, the company is providing hundreds of internship opportunities abroad for students from the four universities, Applied Materials said.
Cruise ship terminals planned
Premier Sean Chen (陳冲) on Wednesday instructed government agencies to plan cruise ship terminals at Keelung and Kaohsiung ports as a follow-up to the previous day’s official launch of the Taoyuan Aerotropolis project and to further boost the tourism sector.
According to the latest data compiled by the Ministry of Transportation and Communications, more than 4.78 million tourists visited Taiwan during the January-to-August period, up 27.76 percent from a year earlier.
Bank bolsters greenback
The New Taiwan dollar fell against its US counterpart yesterday, down NT$0.103 to close at NT$29.508, after the local central bank intervened to help the greenback reverse its early losses, dealers said.
The buying by the central bank indicated its determination to protect Taiwan’s competitiveness in order to boost exports, they said.Turnover totaled US$1.09 billion.