Stock exchange signs MOU
The Taiwan Stock Exchange (TWSE) has signed a memorandum of understanding (MOU) with the Miami-based MIAX Options Exchange to promote mutual cooperation and information exchanges. MIAX is the 11th-largest options exchange in the US. “The signing of the MOU will enable US exchange-traded fund [ETF] issuers to launch options on MIAX that track ETFs linked to TWSE-listed stocks,” the local bourse said in a statement yesterday. ETFs are investment funds traded on stock exchanges. Taiwan’s ETFs have grown at an average rate of 25 percent per year over the past few years, totaling NT$142.81 billion (US$4.76 billion) in the first half of this year. The local stock exchange said the deal would help boost international links to the nation’s capital market and promote trade in Taiwanese securities.
Touch panel exports to drop
Shipments of touch panels for smartphones and tablet computers are likely to drop sequentially in the third quarter, Digitimes Research said. As the product cycles for Apple Inc’s iPhone 4 and 4S and the older model 9.7-inch iPad come to an end, Taiwanese panel makers are facing bigger challenges, the researcher said. Moreover, panelb makers have failed to secure orders for Apple’s new products, it added. Shipments of touch panels for smartphones and tablet are expected to drop 19.7 percent and 28 percent quarter-on-quarter respectively in the third quarter, Digitimes said.