The TAIEX climbed to an 8 1/2-month high, led by Asustek Computer Inc (
The TAIEX gained 48.81, or 0.9 percent, to 5600.55, its highest since April 19. Within the index, 369 stocks rose and 130 fell.
"I guess the index will rise again this year. Confidence is very strong," said William Cheng, who helps manage NT$3 billion in Taiwan stocks at Zurich Securities Investment Trust Co in Taipei. "The economy is recovering and electronic orders are increasing" for the nation's manufacturers.
Cheng is buying memory chipmakers such as Winbond Electronics Corp (華邦電子) and Powerchip Semiconductor Corp (力晶半導體).
The total value of trade today was NT$166.4 billion, the biggest trading day since Dec. 13.
Asustek rose NT$10, or 6.5 percent, to NT$163, its biggest gain since Nov. 23. Taiwan's largest maker of computer motherboards said it plans to raise output by at least a fifth this year as customers such as Hewlett-Packard Co and Sony Corp place more orders. Sales at Asustek grew 18 percent from 2000 to NT$84 billion last year, said Deputy Director of Finance David Chang.
Some memory chipmakers gained. The 128-megabit DRAM chip rose to US$2.36 on Monday, an 8.3 percent increase from Friday, according to DRAM Exchange, a marketplace for memory chips. The price of 128-megabit DRAMs has more than doubled from its low on Nov. 6 last year.
Mosel Vitelic Inc (茂矽電子) rose 80 cents to NT$17.80. Powerchip rose NT$1.60 to NT$24.60.
Transport companies advanced on expectations direct transport links between China and Taiwan may result now that both have joined the WTO.
China Airlines Co (華航), the nation's biggest airline, rose 50 cents, or 3.9 percent, to NT$13.30. Eva Airways Corp (長榮航空), Taiwan's second-biggest airline, rose 60 cents, or 6.7 percent, to NT$9.60. Evergreen Marine Corp(
The Central Weather Administration (CWA) yesterday said it expected to issue a sea warning for Typhoon Fung-Wong tomorrow, which it said would possibly make landfall near central Taiwan. As of 2am yesterday, Fung-Wong was about 1,760km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, moving west-northwest at 26kph. It is forecast to reach Luzon in the northern Philippines by tomorrow, the CWA said. After entering the South China Sea, Typhoon Fung-Wong is likely to turn northward toward Taiwan, CWA forecaster Chang Chun-yao (張峻堯) said, adding that it would likely make landfall near central Taiwan. The CWA expects to issue a land
The Central Weather Administration (CWA) yesterday said it is expected to issue a sea warning for Typhoon Fung-wong this afternoon and a land warning tomorrow. As of 1pm, the storm was about 1,070km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, and was moving west-northwest at 28 to 32kph, according to CWA data. The storm had a radius of 250km, with maximum sustained winds of 173kph and gusts reaching 209kph, the CWA added. The storm is forecast to pass near Luzon in the Philippines before entering the South China Sea and potentially turning northward toward Taiwan, the CWA said. CWA forecaster Chang Chun-yao (張峻堯) said
PREPARATION: Ferry lines and flights were canceled ahead of only the second storm to hit the nation in November, while many areas canceled classes and work Authorities yesterday evacuated more than 3,000 people ahead of approaching Tropical Storm Fung-wong, which is expected to make landfall between Kaohsiung and Pingtung County this evening. Fung-wong was yesterday morning downgraded from a typhoon to a tropical storm as it approached the nation’s southwest coast, the Central Weather Administration (CWA) said, as it issued a land alert for the storm. The alert applies to residents in Tainan, Kaohsiung, Pingtung and Taitung counties, and the Hengchun Peninsula (恆春). As of press time last night, Taichung, Tainan, Kaohsiung, and Yilan, Miaoli, Changhua, Yunlin, Pingtung and Penghu counties, as well as Chiayi city and county had
The Central Weather Administration (CWA) yesterday issued a sea alert for Typhoon Fung-wong (鳳凰) as it threatened vessels operating in waters off the Pratas Islands (Dongsha Islands, 東沙群島), the Bashi Channel and south of the Taiwan Strait. A land alert is expected to be announced some time between late last night and early this morning, the CWA said. As of press time last night, Taoyuan, as well as Yilan, Hualien and Penghu counties had declared today a typhoon day, canceling work and classes. Except for a few select districts in Taipei and New Taipei City, all other areas and city
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