Shares fell slightly yesterday, as technology heavyweights were driven down by declines in US stocks overnight.
The TAIEX fell 3.58 points, or 0.06 percent, to 6,427.84.
"Wall Street's losses overnight weighed on market sentiment," said Stanley Chou, an analyst at Barits Investment Service.
The local technology subindex slipped 0.1 percent after gaining around 2.8 percent in the previous two sessions.
Taiwan Semiconductor Manu-facturing Co (
The world's third-biggest flat panel maker by revenue, AU Optronics Corp (
Despite the modest decline, analysts still expect the market to rise, as some companies typically buy their own shares as quarters draw to a close, they said.
Meanwhile, the New Taiwan dollar fell for a second day on speculation importers sold the local currency for their US dollar needs to settle month and year-end transactions.
"Importers are buying US dollars" after it weakened against the NT dollar, said Pory Shih, a trader at Chang Hwa Commercial Bank (彰化銀行). "They can get the US dollar at a relatively cheap price now."
The NT dollar fell NT$0.063 to NT$33.250 against its US counterpart, according to Taipei Forex Inc. The local currency dropped 4.5 percent this year, its first annual loss in four years.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
RSS