TAIEX increases 0.52 percent
Taiwanese shares closed higher yesterday, with the weighted TAIEX index, the market’s key barometer, increasing 43.48 points, or 0.52 percent, to close at 8,280.90.
The bourse opened at 8,222.42 and traded between 8,369.55 and 8,143,45 during the session.
A total of 5.76 billion shares changed hands on market turnover of NT$159.99 billion (US$5.02 billion). Gainers outnumbered losers 1,641 to 1,493, with 233 stocks remaining unchanged. Foreign institutional investors were net buyers of NT$7.46 billion in shares.
TWSE to include Epistar
Taiwan Stock Exchange Corp (TWSE, 台灣證交所) has decided to add light-emitting-diode (LED) maker Epistar Corp (晶元光電) to its large-cap Taiwan 50 index after its latest review, according to a press release on Thursday.
At the same time, TWSE will remove Evergreen Marine Corp (長榮海運) from the large-cap Taiwan 50 index, which it compiles with FTSE Group, the release said, citing the shipping company’s declining market capitalization.
Evergreen Marine will instead join the mid-cap Taiwan 100 index, TWSE said. Seven other new stocks that will also be added into the mid-cap index are memory-chip maker Nanya Technology Corp (南亞科技), solar-cell maker Gintech Energy Corp (昱晶能源), optical product designer Young Optics Inc (揚明光學), flat-panel TV maker Amtran Technology Co (瑞軒科技), passive component maker Yageo Corp (國巨), touchscreen panel maker Sintek Photronic Corp (和鑫光電) and Taiwan Life Insurance Co (台灣人壽), TWSE said.
The changes will take effect on Jan. 18.
Acer recalls laptops
Acer Inc (宏碁) recalled about 22,000 laptop computers that could overheat and cause burns.
No injuries have been reported, but the US Consumer Product Safety Commission said on Thursday that a short circuit in an internal microphone wire under the palm rest has damaged three machines.
The recall covers the several models in the Aspire series of notebooks, including the Acer AS3410, AS3410T, AS3810T, AS3810TG, AS3810TZ and AS3810TZG. The computers were sold between June and October of last year.
AUO to help form BriView
AU Optronics Corp (AUO, 友達光電), the world’s third-largest maker of liquid-crystal displays (LCDs), announced yesterday it would invest US$20 million in forming a company in China, BriView (Hefei) Corp (景智電子合肥公司), which will make and sell LCD products and related components.
The company made the announcement in a stock exchange filing without providing further details.
Hua Nan posts profit
Hua Nan Financial Holdings Co (華南金控) posted a full-year post-tax profit of NT$4.47 billion, it said in an exchange filing yesterday.
Fubon Financial Holding Co (富邦金控), meanwhile, said its preliminary net profit for last year was NT$19.73 billion, or NT$2.44 a share. The result was 81.3 percent higher than its net profit of NT$10.88 billion a year earlier.
Jih Sun Financial Holding Co (日盛金控) however posted NT$5.62 billion in after-tax loss for last year, or NT$1.31 loss per share.
While the company’s core unit Jih Sun Securities Co (日盛證券) made NT$1.55 billion in after-tax profit last year, its banking unit Jih Sun International Bank (日盛國際商銀) reported a NT$6.88 billion loss for the year.
NT dollar declines slightly
The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, falling NT$0.030 to close at NT$31.880.
Turnover was US$574 million.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down