Stocks rose, paced by transport companies such as Evergreen Marine Corp (長榮海運), on optimism the nation's approval of chartered-only flights to and from China next year suggests direct transport links will be restored.
The TAIEX rose 27.91, or 0.6 percent, to close at 4,755.40. Within the index, more than two stocks rose for every one that fell. The total value of trade was NT$63.7 billion.
China Airlines Co (華航) and other Taiwanese carriers will be allowed to operate chartered flights to Shanghai during the Lunar New Year holidays between Jan. 26 and Feb. 10, the government said on Wednesday.
"It's a step toward reconciliation and direct links," said Tu Kuei-shiong, who helps manage NT$600 million in stocks at Lian-shan Investment Management Co.
Evergreen Marine shares rose NT$1, or 6.8 percent, to NT$15.80. China Airlines rose NT$0.20, or 1.3 percent, to NT$15.30.
Arima Computer Corp (華宇電腦) fell NT$0.10, or 0.7 percent, to NT$13.75. The maker of notebook computers for customers such as Hewlett-Packard Co may reach a record NT$7 billion sales in November, up 73 percent from a year earlier, the DigiTimes reported.
G Shank Enterprise Co
Nanya Technology Corp
The supply of memory chips will exceed demand this month as chipmakers boost production and computer-makers slow orders after replenishing stocks, a local newspaper reported.
TYC Brother Industrial Co (堤維西) rose NT$1.50, or 2.9 percent, to NT$53.50.
The vehicle-headlight maker said sales last month rose 37 percent from a year earlier to NT$554.6 million.
Wintek Corp (勝華) rose NT$0.10, or 0.3 percent, to NT$33.90.
The maker of liquid-crystal displays used in mobile phones for customers such as Motorola Inc said November sales rose 164 percent from a year earlier to NT$1.1 billion.
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
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