Taiwan's key stock index had its biggest one-day gain in a month as the nation's largest companies such as United Microelectronics Corp (UMC,
The TAIEX advanced 141.16, or 3.4 percent, to 4,277.70, its biggest one-day gain in percentage terms since Oct. 11. Within the index, 350 stocks rose and 133 fell. The total value of trade yesterday was NT$97.4 billion (US$2.8 billion), the biggest since April 19.
``Markets will be pleased to see the end of the Taliban regime,'' said Johnny Summers, who helps manage US$300 million in Asian stocks at Groupama Asset Management in London.
Made-to-order chipmakers gained after the widely watched Philadelphia Semiconductor Index rose 4.2 percent yesterday. UMC, the second-biggest made-to-order chipmaker, rose NT$2.30, or 6.8 percent, to NT$36. Taiwan Semiconductor Manufacturing Co (TSMC,
Airline stocks rebounded after yesterday's fall on hopes the defeat of the Taliban regime may reduce people's fears about terrorism and encourage them to fly more. China Airlines Co (華航), the nation's biggest airline, rose NT$0.05, or 0.4 percent, to NT$11.80. Eva Airways Corp (長榮), Taiwan's second-biggest airline, rose NT$0.05, or 0.7 percent, to NT$7.05.
Memory chipmakers advanced as spot prices rose on evidence of improved demand for computers.
Mosel Vitelic Inc (茂矽) rose NT$0.15, or 1.9 percent, to NT$7.90. Nanya Technology Corp (南亞科技) rose NT$0.85, or 6.9 percent, to NT$13.25. Winbond Electronics Corp (華邦電子) rose NT$0.50, or 3.5 percent, to NT$15.
World Peace Industrial Co (
NO-LIMITS PARTNERSHIP: ‘The bottom line’ is that if the US were to have a conflict with China or Russia it would likely open up a second front with the other, a US senator said Beijing and Moscow could cooperate in a conflict over Taiwan, the top US intelligence chief told the US Senate this week. “We see China and Russia, for the first time, exercising together in relation to Taiwan and recognizing that this is a place where China definitely wants Russia to be working with them, and we see no reason why they wouldn’t,” US Director of National Intelligence Avril Haines told a US Senate Committee on Armed Services hearing on Thursday. US Senator Mike Rounds asked Haines about such a potential scenario. He also asked US Defense Intelligence Agency Director Lieutenant General Jeffrey Kruse
INSPIRING: Taiwan has been a model in the Asia-Pacific region with its democratic transition, free and fair elections and open society, the vice president-elect said Taiwan can play a leadership role in the Asia-Pacific region, vice president-elect Hsiao Bi-khim (蕭美琴) told a forum in Taipei yesterday, highlighting the nation’s resilience in the face of geopolitical challenges. “Not only can Taiwan help, but Taiwan can lead ... not only can Taiwan play a leadership role, but Taiwan’s leadership is important to the world,” Hsiao told the annual forum hosted by the Center for Asia-Pacific Resilience and Innovation think tank. Hsiao thanked Taiwan’s international friends for their long-term support, citing the example of US President Joe Biden last month signing into law a bill to provide aid to Taiwan,
China’s intrusive and territorial claims in the Indo-Pacific region are “illegal, coercive, aggressive and deceptive,” new US Indo-Pacific Commander Admiral Samuel Paparo said on Friday, adding that he would continue working with allies and partners to keep the area free and open. Paparo made the remarks at a change-of-command ceremony at Joint Base Pearl Harbor-Hickam in Hawaii, where he took over the command from Admiral John Aquilino. “Our world faces a complex problem set in the troubling actions of the People’s Republic of China [PRC] and its rapid buildup of forces. We must be ready to answer the PRC’s increasingly intrusive and
STATE OF THE NATION: The legislature should invite the president to deliver an address every year, the TPP said, adding that Lai should also have to answer legislators’ questions The Chinese Nationalist Party (KMT) yesterday proposed inviting president-elect William Lai (賴清德) to make a historic first state of the nation address at the legislature following his inauguration on May 20. Lai is expected to face many domestic and international challenges, and should clarify his intended policies with the public’s representatives, KMT caucus secretary-general Hung Meng-kai (洪孟楷) said when making the proposal at a meeting of the legislature’s Procedure Committee. The committee voted to add the item to the agenda for Friday, along with another similar proposal put forward by the Taiwan People’s Party (TPP). The invitation is in line with Article 15-2