Share prices closed down 0.55 percent yesterday, with sentiment undermined by Wall Street's overnight falls, dealers said.
A further spike in crude oil prices and concerns over corporate earnings also weighed on sentiment, they said.
The TAIEX closed down 32.93 points at 5,937.25, with turnover reaching NT$70.58 billion (US$2.08 billion).
Decliners led gainers 406 to 248, with 170 stocks unchanged.
The cement sector was down 2.5 percent, financials down 0.73 percent and electronics down 0.22 percent. The auto sector was up 0.8 percent.
"Riding on the Wall Street's slump, investors locked in profits in local stocks following the recovery over the past three sessions," said Samson Chueh, an assistant vice president with Fuhwa Securities Co (
Cheuh said some investors have moved to the sidelines to await the central bank's decision on monetary policy next week.
Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電) closed down NT$0.90 at NT$44.90 on its American Depository Receipts falls overnight while United Microelectronic Corp (UMC, 聯電) by contrast gained NT$0.10 to NT$21.30 on bargain-hunting.
Among flat-panel display makers, AU Optronics Corp (友達光電) was up NT$0.60 at NT$46.80, Chi Mei Optoelectronics Corp (奇美電子) up NT$0.80 at NT$46.50 and Chunghwa Picture Tubes Ltd (中華映管) up NT$0.10 at NT$15.70.
DRAM firms also scored gains on firmer product prices, with Nanya Technology Corp (南亞科技) up NT$0.60 at NT$28.30, Powerchip Semiconductor Corp (力晶半導體) up NT$0.50 at NT$26.00 and ProMOS Technologies Inc (茂德科技) up NT$0.60 at NT$13.90.
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
‘DECENT RESULTS’: The company said it is confident thanks to an improving world economy and uptakes in new wireless and AI technologies, despite US uncertainty Pegatron Corp (和碩) yesterday said it plans to build a new server manufacturing factory in the US this year to address US President Donald Trump’s new tariff policy. That would be the second server production base for Pegatron in addition to the existing facilities in Taoyuan, the iPhone assembler said. Servers are one of the new businesses Pegatron has explored in recent years to develop a more balanced product lineup. “We aim to provide our services from a location in the vicinity of our customers,” Pegatron president and chief executive officer Gary Cheng (鄭光治) told an online earnings conference yesterday. “We
LEAK SOURCE? There would be concern over the possibility of tech leaks if TSMC were to form a joint venture to operate Intel’s factories, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday stayed mum after a report said that the chipmaker has pitched chip designers Nvidia Corp, Advanced Micro Devices Inc and Broadcom Inc about taking a stake in a joint venture to operate Intel Corp’s factories. Industry sources told the Central News Agency (CNA) that the possibility of TSMC proposing to operate Intel’s wafer fabs is low, as the Taiwanese chipmaker has always focused on its core business. There is also concern over possible technology leaks if TSMC were to form a joint venture to operate Intel’s factories, Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺)
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
RSS