Taiwan stocks fell, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after a chip-equipment trade association said orders as a ratio of sales fell in North America in July to the lowest since March.
The TAIEX declined 31.47, or 0.6 percent, to 4887.79. More than three stocks fell for every two that rose. The total value of trade was NT$46.76 billion (US$1.38 billion).
TSMC, whose US-traded shares fell 6.8 percent to US$9.33 yesterday, dropped NT$1.5, or 2.8 percent, to NT$53.
"The outlook for orders is very unclear, so investors are very cautious about the third and fourth quarters," said Kevin Hsiao (蕭正義), who manages NT$580 million (US$17 million) in stocks at President Investment Trust Corp (統一投信).
President Chain Store Corp (統一超商) rose NT$3.50, or 6.4 percent, to NT$58 after reports said that US-based 7-Eleven Inc selected Taiwan's biggest convenience store operator to run 7-Eleven stores in Beijing.
Union Bank of Taiwan (聯邦銀行) rose NT$0.10, or 1.6 percent, to NT$6.20. Morgan Stanley and Union Bank will form a joint venture to buy bad loans from Union Bank and other lenders.
ROLLER-COASTER RIDE: More than five earthquakes ranging from magnitude 4.4 to 5.5 on the Richter scale shook eastern Taiwan in rapid succession yesterday afternoon Back-to-back weather fronts are forecast to hit Taiwan this week, resulting in rain across the nation in the coming days, the Central Weather Administration said yesterday, as it also warned residents in mountainous regions to be wary of landslides and rockfalls. As the first front approached, sporadic rainfall began in central and northern parts of Taiwan yesterday, the agency said, adding that rain is forecast to intensify in those regions today, while brief showers would also affect other parts of the nation. A second weather system is forecast to arrive on Thursday, bringing additional rain to the whole nation until Sunday, it
CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
LANDSLIDES POSSIBLE: The agency advised the public to avoid visiting mountainous regions due to more expected aftershocks and rainfall from a series of weather fronts A series of earthquakes over the past few days were likely aftershocks of the April 3 earthquake in Hualien County, with further aftershocks to be expected for up to a year, the Central Weather Administration (CWA) said yesterday. Based on the nation’s experience after the quake on Sept. 21, 1999, more aftershocks are possible over the next six months to a year, the agency said. A total of 103 earthquakes of magnitude 4 on the local magnitude scale or higher hit Hualien County from 5:08pm on Monday to 10:27am yesterday, with 27 of them exceeding magnitude 5. They included two, of magnitude
Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique