Financials lift TAIEX
The TAIEX yesterday rose nearly 1 percent to its highest level in more than 10 months, led by gains in financial stocks.
The benchmark index closed up 67.19 points, or 0.86 percent, at 7,923.16 on turnover of NT$89.59 billion (US$3.03 billion) after trading between 7,880.29 and 7,929.97.
It was the first time the index had finished above the 7,900-point mark since March 30 last year, when it closed at 7,933.
Financial stocks led the rally, gaining 3.3 percent, on optimism over new measures hammered out by securities regulators from Taiwan and China last week.
Construction stocks also advanced, closing up 1.6 percent, propelled by the rise in the number of new construction projects and better-than-expected real-estate sales.
A total of 2,684 stocks finished higher, 2,231 closed down and 496 remained unchanged.
Free Sony game on HTC
Some cross-platform gaming services from Sony Computer Entertainment Inc of Japan are now available for free for a limited period on certain HTC (宏達電) devices, the Taiwanese smartphone maker said.
Since Wednesday last week, HTC customers in nine countries using HTC smartphones with Sense 4 software or a more advanced version can download one free game from PlayStation Mobile per week through the end of this month, the company said on its official blog.
The nine countries are Japan, the US, the UK, Canada, France, Italy, Germany, Spain and Australia, the blog said.
HTC became the first non-Sony vendor to support the PlayStation Certificate program in June last year. The six HTC models that support PlayStation are One V, One S, One X, One XL, One EVO 4G LTE and One X+.
DGBAS raises CPI forecast
Consumer prices are projected to grow modestly by 1.31 percent this year from last year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said on Sunday.
It Sforecast for the consumer price index (CPI) increase for the whole of this year is up slightly from a previous estimate of 1.27 percent made in November last year.
International oil prices are likely to be a catalyst that will pull up domestic consumer prices.
The DGBAS is scheduled to release the CPI reading for last month today.
Sohu.com profits fall 9%
Sohu.com Inc (搜狐), which operates a popular Chinese Internet portal, yesterday said its quarterly profit fell 9 percent as rising expenses offset strong revenue growth for online games.
The company earned US$23 million, or US$0.6 per share, in the three months ending Dec. 31 last year.
Revenue rose 22 percent from a year earlier to a record US$229 million, driven by a 29 percent rise in online game revenue to US$158.9 million.
Beijing-based Sohu operates online media, search, gaming and community services.
For the full year, Sohu’s profit fell 49 percent from 2011 to US$78 million, or US$2.03 per share.
Revenues rose 25 percent to just over US$1 billion and expenses rose 12 percent to US$141.5 million, driven by higher costs for staff and marketing, the company said.
NT dollar advances
The New Taiwan dollar gained ground against the US dollar yesterday, rising NT$0.088 to close at NT$29.580 on turnover of US$875 million.