The TAIEX declined on concern that a slower-than-expected recovery in the US, the nation's biggest export market, may dampen demand for computer parts at Asustek Computer Inc (
United Microelectronics Corp (UMC,
The TAIEX fell 15.33, or 0.3 percent, to 5,680.78. For the week, the index rose 1.3 percent. The index has rallied 65 percent since hitting an 8-and-a-half-year low on Oct. 3, a gain that has more than reflected the impact of an economic recovery in the US, investors said.
"The economic situation should start to improve gradually, but I see no positive news to drive the market before the end of March," said Telan Chen, who manages NT$5 billion (US$142 million) in stocks at Cathay Securities Investment Trust Ltd (國泰投信).
Within the index, 301 stocks rose and 206 fell. The total value of trade was NT$113.4 billion (US$3.2 billion), almost a fifth higher than the six-month daily average of NT$96.4 billion.
Asustek, Taiwan's largest motherboard maker, fell NT$4, or 2.4 percent, to NT$166. Rival Elitegroup Computer Systems Co (
Quanta Computer Inc (
UMC surged NT$2.30, or 5.2 percent, to NT$47. The second-largest made-to-order chipmaker's second-quarter sales will exceed last year's fourth quarter as orders rise, a Chinese-language newspaper reported, citing the company.
"I'm very positive on the stock," said Lloyd Tsai (
RETHINK? The defense ministry and Navy Command Headquarters could take over the indigenous submarine project and change its production timeline, a source said Admiral Huang Shu-kuang’s (黃曙光) resignation as head of the Indigenous Submarine Program and as a member of the National Security Council could affect the production of submarines, a source said yesterday. Huang in a statement last night said he had decided to resign due to national security concerns while expressing the hope that it would put a stop to political wrangling that only undermines the advancement of the nation’s defense capabilities. Taiwan People’s Party Legislator Vivian Huang (黃珊珊) yesterday said that the admiral, her older brother, felt it was time for him to step down and that he had completed what he
Taiwan has experienced its most significant improvement in the QS World University Rankings by Subject, data provided on Sunday by international higher education analyst Quacquarelli Symonds (QS) showed. Compared with last year’s edition of the rankings, which measure academic excellence and influence, Taiwanese universities made great improvements in the H Index metric, which evaluates research productivity and its impact, with a notable 30 percent increase overall, QS said. Taiwanese universities also made notable progress in the Citations per Paper metric, which measures the impact of research, achieving a 13 percent increase. Taiwanese universities gained 10 percent in Academic Reputation, but declined 18 percent
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