Taiwan stocks fell for a second day, led by Asustek Computer Inc (華碩電腦), after consumer spending in the US rose less than expected in April, damping expectations of a revival in demand for computers and the parts used to run them. \nThe TWSE Index shed 46.30, or 0.8 percent, to 5623.23 as about five stocks fell for every two that rose. Trade totaled NT$49 billion (US$1.4 billion), almost three-fifths below the six-month daily average of NT$121.5 billion, and the slowest since Oct. 30. \n"Electronics are too weak, so the whole market is weak," said Roger Chiao, who helps manage NT$6 billion (US$175 million) in stocks at Capital Securities Investment Trust Co (群益證券). "Trading volume will stay low while investors wait for some direction about the second half of the year." The index has lost more than a 10th of its value in the past month on concern an economic recovery in the US may be delayed. \nAsustek, the nation's largest computer-motherboard maker, fell NT$2.50, or 2.1 percent, to NT$116 after Morgan Stanley Dean Witter & Co forecast the company's profit margin in the second quarter would slip from the previous quarter. \nThe following stocks made significant gains or losses: China Airlines (華航) fell NT$0.95, or 6.7 percent, to NT$13.20. Fubon Financial Holding Co (富邦金控) fell NT$0.20, or 0.6 percent, to NT$33.90. GVC Corp (致福) rose NT$0.20, or 0.8 percent, to NT$24. \nNan Ya Plastic Corp (南亞) fell NT$0.30, or 0.9 percent, to NT$31.80. The unit of Taiwan's largest industrial group received government approval to invest US$19 million to build a plant in China. \nSynnex Technology International Corp (聯強) fell NT$0.90, or 1.9 percent, to NT$46.50. \nThe NT dollar gained against the greenback on the Taipei Foreign Exchange yesterday, up NT$0.07 to close at NT$34.239. A total of US$767 million changed hands compared to NT$690 million on Tuesday.
SCHEDULE: The delegation is due to meet with President Tsai Ing-wen this morning and witness the signing of an MOU on bilateral health cooperation in the afternoon US Secretary of Health and Human Services (HHS) Alex Azar yesterday arrived in Taipei aboard a US government plane at the head of a delegation that is the highest-level visit by a US official since Washington switched diplomatic recognition to China in 1979. Azar’s flight landed at Taipei International Airport (Songshan airport) at 4:48pm, nearly one hour earlier than scheduled, the Ministry of Foreign Affairs said. The apron where it landed is reserved for military aircraft, the Songshan Air Force Base Command said. The members of Azar’s delegation included HHS Assistant Secretary for Preparedness and Response Robert Kadlec, HHS Chief of Staff Brian
ALEX AZAR: The first visit by a head of the Department of Health and Human Services would strictly observe the CECC’s special regulations, the Ministry of Foreign Affairs said US Secretary of Health and Human Services (HHS) Alex Azar is to lead a delegation to Taiwan — the highest-level visit by a US Cabinet official since the two sides cut formal relations in 1979. The plan was announced yesterday morning by the US Department of Health and Human Services and confirmed by the Ministry of Foreign Affairs (MOFA). Beijing has expressed its concerns to Washington, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin (汪文斌) said later yesterday. Taiwan and the US only issued statements saying that the visit would happen “in the coming days.” MOFA said that due to security concerns, it would
‘CROSS-STRAIT CONSIDERATIONS’: Groups said that the Ministry of Education’s policies excluded Chinese and students should not be blocked over political issues The Taiwan International Student Movement yesterday said it would protest today outside the Ministry of Education in Taipei against a policy that excludes some Chinese students from returning to Taiwan amid the COVID-19 pandemic. Since June 17, the ministry has allowed foreign students from 19 “low risk” and “medium-low risk” countries and regions to enter Taiwan. On July 22, it announced that it was relaxing restrictions to include students from all countries and regions who are graduating this semester and on Wednesday it further expanded entry to students enrolled in degree programs. A letter sent by the ministry on Wednesday to universities did
The military last week sent “no small number” of Marine Corps officers to the Pratas Islands (Dongsha Island, 東沙群島) following reports of a Chinese People’s Liberation Army (PLA) drill targeting the islands scheduled for this month. In an interview with Hong Kong’s Bauhinia Magazine published on Saturday last week, PLA National Defense University professor Li Daguang (李大光) confirmed that the Chinese army was planning to stage a simulated invasion of the Pratas Islands in the South China Sea this month. The islands comprise three atolls, with Pratas Island, at 1.74km2, being the largest. They lie southwest of Taiwan proper in the South