As concerns over interest rate hikes in the international arena have temporarily eased, domestic investor sentiment this month bounced back from the previous low level, a survey released by JF Asset Management Taiwan said yesterday.
The survey came as the benchmark TAIEX climbed 67.98 points, or 0.95 percent, to 7,204.04 on the Taiwan Stock Exchange yesterday, reaching its highest level since May 12. Turnover was NT$109.71 billion (US$3.34 billion ), according to stock exchange statistics.
This month, the JF Asset's confidence index climbed to 99.5 points, up from 88.6 recorded in September, the lowest level in more than two years, the bimonthly survey showed.
An index figure of less than 100 points indicates respondents are pessimistic, while a score over 100 indicates optimism.
The six sub-indices used in the JF Asset survey -- the nation's stock market, the domestic economy, Taiwan's political environment and cross-strait relations, the nation's investment environment, the international economy and the likelihood of profit-making in investment portfolios during the next six months -- all showed increases from the previous report.
Respondents continued to express optimism about the global economy, which scored 130.6, the highest score since the survey started in July 2004.
Despite the upswing, consumers are still worried about inflationary risk as 74.7 percent said commodity prices would rise in the next six months and 49.2 percent anticipated housing prices would continue to go up in the near future, the report said.
‘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
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
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)
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
RSS