Stocks rose yesterday, led by Chunghwa Telecom Co (
The TAIEX rose 82.04, or 2.2 percent, to 3,794.86. Within the index, 302 stocks rose and 121 fell. The total value of trade was NT$31.5 billion.
"In the current climate, investors will move into defensive stocks like Chunghwa Telecom," said Kevin Lee, who manages NT$750 million at Polaris Investment Trust Corp (寶來投信). "Unless there's more bad news coming out, the market should consolidate around this level."
Chunghwa rose NT$1.3, or 2.9 percent, to NT$46.80 after a Chinese-language newspaper reported that it should reach its 2001 profit target of NT$40.1 billion.
Asustek Computer Inc (華碩電腦) rose NT$3.5, or 3 percent, to NT$119, after falling 4.6 percent yesterday. "The stock fell too far yesterday, especially given the performance of the US and European markets yesterday [which] wasn't as bad as Taiwan's," Lee said.
Transportation stocks rose after the legislature gave initial approval of law amendments that would allow any Taiwan citizen to travel to China via an offshore island and the establishment of casinos on those islands, the Taipei Times reported.
"People predict cross-strait relations will improve," said Justin Chen, who manages NT$600 million in stocks at Capital Investment Trust Co (
China Chemical & Pharmaceutical Co (
Pacific Construction Co (
Premier Image Technology Corp (
Polaroid accounted for about half Tekom's sales last year, Premier said. Premier, which in March said it would exchange 40 million new shares for all of Tekom's stock, said it will alter the share swap ratio.
Tsann Kuen Enterprise Co (
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UNDER ATTACK: Raymond Greene said there were 412 billion malicious threats in the Asia-Pacific region in the first half of 2023, with 55 percent targeting Taiwan Taiwan not only faces military intimidation from China, but is also on the front line of global cybersecurity threats, and it is taking action to counter those attacks, President William Lai (賴清德) said yesterday. Speaking at the opening of this year’s Cybersec Expo in Taipei, the president assured foreign diplomats and exhibitors that Taiwan remained committed to strengthening its defense against cyberattacks and enhancing the resilience of its digital infrastructure. Lai referenced a report from the National Security Bureau (NSB) indicating that the Government Service Network faced an average of 2.4 million intrusion attempts daily last year, more than double the figure
Retired US general Robert B. Abrams reportedly served as adviser to Chief of the General Staff Admiral Mei Chia-shu (梅家樹) during the Ministry of National Defense’s computer-simulated war games in the buildup to this year’s 41st annual Han Kuang military exercises, local media reported yesterday. For 14 days and 13 nights starting on April 5 and ending yesterday, the armed forces conducted the computer-simulated war games component of the Han Kuang exercises, utilizing the joint theater-level simulation system (JTLS). Using the JTLS, the exercise simulated a continuous 24-hour confrontation based on scenarios such as “gray zone” incursions and the Chinese People’s Liberation
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