The nation's key stock index rose for the first day in three, paced by Chinatrust Financial Holding Co (中信銀金控) after pretax profit at its banking unit jumped by more than two-thirds in the first seven months.
Hon Hai Precision Industry Co (鴻海精密) and Compeq Manufacturing Co (華通電子) fell after a US report showed manufacturing dropped more than expected in July, fueling concerns the economic recovery in Taiwan's second-largest export market is lagging.
"I can't see any revival in demand in the computer or communications sectors," said Brian Huang, who helps manage NT$3 billion (US$89 million) in stocks at Truswell Securities Investment Trust Co (
The TAIEX rose 4.30, or 0.1 percent, to 4,920.89. The banks and insurers sub-index led gains. Eight shares rose for every seven that fell. Trading was valued at NT$51.4 billion, about a quarter less than the daily average in the past three months. For the week, the index added 1.4 percent.
Chinatrust, which owns the nation's largest credit card issuer, rose NT$0.90, or 3.1 percent, to NT$30. Compeq, Taiwan's largest printed-circuit-board maker, dropped NT$2.10, or 6.8 percent, to NT$28.70.
Nanya Technology Corp (
First Commercial Bank (
Silicon Integrated Systems Corp (
The chipset maker said sales in July rose almost three-quarters from a year earlier to NT$1.11 billion.
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
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State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
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