Stocks fell for a third day yesterday after the government said the nation's economy grew at its slowest pace in a year in the first quarter and cut its annual growth forecast as the SARS outbreak threatens travel, consumer spending, investment and exports.
Asustek Computer Inc (
The TAIEX dropped 27.97, or 0.7 percent, to 4,255.80. Almost four stocks fell for every one that advanced. The value of trade was NT$23.7 billion (US$683 million), the lowest level since Oct. 2, 2001.
The Taiwan Futures Index fell 0.5 percent to 4,239.
GDP grew 3.21 percent in the first quarter from a year earlier after expanding 4.22 percent in the fourth quarter, the Directorate-General of Budget, Accounting and Statistics said on Friday. The government also cut its full-year economic growth forecast to 2.89 percent from 3.68 percent.
Asustek Computer, the nation's largest computer-motherboard maker, fell NT$1, or 1.4 percent, to NT$72.
Quanta Computer, the country's largest notebook-computer make, declined 50 cents, or 0.8 percent, to NT$62.
"The rollout of new models of handsets and notebook computers may be delayed because of SARS," said James Tu (
"The outbreak hasn't been effectively contained," he said.
China Airlines Co (華航) fell NT$0.05, or 0.4 percent, to NT$11.50. The carrier, reiterated a preliminary estimated reduction of NT$1.1 billion in sales in the second quarter after SARS curbed travel demand, according to the airlines' statement to the Taiwan Stock Exchange.
EVA Airways Corp (
Grand Commercial Bank (
The lender that's controlled by the nation's largest food company, Uni-President Group (
Potential buyers include Chinatrust Financial Holding Co (
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
RSS