Japan's Nikkei 225 Stock Average could lose its place in the coming week as this year's only major global index to rise in dollar terms.
Computer-related companies such as Kyocera Corp and Sony Corp. may slide on concern about slowing earnings growth among their US peers. Third-quarter profit at Standard & Poor's 500 companies will rise 11.2 percent, lower than the 16.6 percent forecast on July 1, according to Thomson First Call.
"For the next month, people are going to focus on potential earning warnings coming out of the US," said Marc Desmidt, who helps manage US$8.5 billion at Merrill Lynch Investment Managers Co.
"That's going to set the theme" in the market.
Desmidt said he likes companies such as Nissan Motor Corp, Ricoh Co, Canon Inc and Olympus Optical Co because they are still increasing their market shares.
South Korean stocks may rise on optimism that the government may encourage pension funds to buy shares.
Benchmark indexes may gain in Australia and Hong Kong as economic growth may be picking up. A government report is expected to show the Australian economy grew four times faster than the US in the second quarter. The Hong Kong government on Friday raised its 2002 growth forecast.
The Nikkei added 1.4 percent this year in US dollar terms, the only benchmark to gain among 18 major stock indexes in North America, Europe and Asia.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
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