Stocks climbed for a fifth day to its highest level in almost five months. China Airlines Co (
Exporters such as Taiwan Semiconductor Manufacturing Co (TSMC,
"SARS is easing and commercial activities are resuming, so we can feel the last negative factor coming to an end," said Ju Wen-shyang, who helps manage the equivalent of US$78 million in equities at UBS Asset Management (Taiwan) in Taipei.
Ju favors shares of personal-computer related companies.
The TAIEX added 25.88, or 0.5 percent, to 4,999.07, its highest since Jan. 28. The index traded in a range between 4,993.04 and 5,089.08 during the session. Almost three stocks gained for every two that dropped. June futures on the index slid 0.4 percent to 5,016.
About 6.9 billion shares changed hands, more than double the daily average in the past three months and the busiest since Jan. 24. Trading was worth NT$148.3 billion (US$4.3 billion), the highest in 14 months.
China Airlines climbed NT$0.35, or 2.5 percent, to NT$14.65.
EVA Airways rose NT$0.25, or 1.9 percent, to NT$13.45. EVA said this week it expects June sales to tumble by about 27 percent from the same month a year earlier.
TSMC, the world's largest supplier of made-to-order semiconductor chips, rose NT$1, or 1.7 percent, to NT$59. Rival United Microelectronics Corp (聯電) was flat at NT$23.80. Both companies gave up most of their early gains in tandem with firmer American depository receipts overnight.
Delta Electronics, the world's biggest maker of computer power systems and chargers, gained NT$1.20, or 2.6 percent, to NT$47.50.
China Development Financial Holding Corp (
Nanya Technology Corp (
The US government said it may impose tariffs as high as 45 percent on imports of computer memory chips from Hynix Semiconductor Inc and other South Korean manufacturers after it found they received unfair subsidies from their government. Rivals such as Nanya may benefit, some analysts said.
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of artificial intelligence (AI) hardware spending would extend into this year. The go-to chipmaker for Nvidia Corp and Apple Inc reported a 39 percent rise in December-quarter revenue to NT$868.5 billion (US$26.35 billion), based on calculations from monthly disclosures. That compared with an average estimate of NT$854.7 billion. The strong showing from Taiwan’s largest company bolsters expectations that big tech companies from Alphabet Inc to Microsoft Corp would continue to build and upgrade datacenters at a rapid clip to propel AI development. Growth accelerated for
RSS