Taiwan stocks rose, led by Taiwan Semiconductor Manufacturing Co (台積電), after Oracle Corp said it expects spending by companies on information technology to increase in the next 12 months to 18 months.
Stocks such as computer-notebook maker Quanta Computer Inc (
"The release of new data will further boost stocks in Taiwan, though we are waiting for more substantial indicators as companies are expected to start revising earnings and spending forecasts," said Chung Yi-wen, a trader at United Securities Investment Trust Corp (
The TAIEX rose 93.90, or 1.6 percent, to 6140.42. Within the index, 413 stocks rose, 85 declined while 55 were unchanged.
For the week, the index gained 3.2 percent. The total value of trade was NT$153 billion, more than two-fifths the daily average in the past six months.
Made-to-order chipmakers and computer-related stocks rose.
TSMC rose NT$1, or 1.1 percent, to NT$95. United Microelectronics Corp (UMC, 聯電) rose 50 cents, or 1 percent, to NT$52. Quanta rose NT$5.50, or 4.4 percent, to NT$130. Hon Hai Precision Industry Co (鴻海精密) rose NT$3, or 1.9 percent, to NT$162.
Petrochemical stocks and plastics makers rose.
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CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
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Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique