The TAIEX gained yesterday, just managing to finish in positive territory as late rotational trade offset early losses seen after a weaker Wall Street overnight, dealers said.
They said there was little fresh news to drive trade, leaving the market to continue its recent consolidation as investors wait from further economic data out of the US, the country's main export market.
The TAIEX added 9.33, or 0.2 percent, to 6,044.77. For the week, the index shed 0.2 percent, its first weekly decline in three weeks. The Taiwan Futures Index dropped 0.2 percent to 6,058.
Turnover was NT$84.94 billion (US$2.50 billion). Risers led decliners 418 to 335, with 162 stocks unchanged.
SinoPac Holdings Co (
Macronix International Co (
Nintendo, the world's biggest maker of hand-held game players, reported the ?2.89 billion (US$26.7 million) first-half loss on Thursday..
"The mood nowadays can be largely described as neutral with a positive bias. That is, few want to expand positions aggressively while most refrain from cutting down holdings excessively," said Oliver Fang, assistant vice president of Yuanta Core Pacific Securities (元大京華證券).
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Intel Corp chief executive officer Pat Gelsinger has retired from the company and stepped down from its board of directors just as the company is in the middle of trying to execute a turnaround plan. Intel chief financial officer David Zinsner and Intel Products CEO Michelle Johnston Holthaus are serving as interim co-CEOs while the board searches for Gelsinger’s replacement, the company said in a statement. Frank Yeary, independent chair of the board of Intel, is to serve as interim executive chair, the company said. Gelsinger’s departure is hitting at a tumultuous time for the US chipmaker. Once the industry leader in