Taiwan stocks fell for a second day after Microsoft Corp said it's recalling the Xbox in Japan, dragging down Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other companies that make parts for the game console.
"The recall will affect companies related to the Xbox in terms of delayed sales," said Bentham Hung, who manages NT$3.5 billion (US$100 million) in stocks at Fu-Hwa Securities Investment Trust Co (復華投信).
The TWSE Index fell 36.50, or 0.6 percent, to 6011.65, though it finished the week up 5.8 percent.
Still, Hon Hai Precision Industry Co (鴻海精密) and other computer-related shares fell Friday after Taiwan said exports slumped more than expected in February.
Within the index, 318 stocks rose and 177 fell. The total value of trade was NT$152.2 billion (US$4.4 billion), 50 percent above the six-month daily average of NT$101 billion.
Companies that make parts for video-game consoles fell after Microsoft said it's recalling the Xbox in Japan because of a defect.
TSMC, which makes chips for Nvidia Corp, whose semiconductors are used in the Xbox, fell NT$2, or 2.1 percent, to NT$91.50. Weltrend Semiconductor Inc (偉詮), which designs chips for the Xbox, fell NT$0.50, or 0.9 percent, to NT$57. Cheng Uei Precision Industry Co. (正崴) fell NT$6, or 3.8 percent, to NT$152.
Computer-parts makers fell after the government said Taiwan exports slumped by their widest margin in five months. Shipments to the U.S., Taiwan's largest buyer of computers, mobile phones and other exports, fell more than a fifth from a year earlier.
Taiwan's largest motherboard maker, Asustek Computer Inc (華碩電腦), fell NT$2, or 1.2 percent, to NT$163. Rival Elitegroup Computer Systems Co (精英) fell NT$8, or 3.9 percent, to NT$199. Hon Hai, which makes everything in a computer except the chips, slid NT$7, or 4.2 percent, to NT$160.
Compeq Manufacturing Co (
Delta Electronics Inc (台達電子) rose NT$0.50, or 0.9 percent, to NT$59.50. The largest maker of power supplies for personal computers reported sales in February fell 30 percent on year to NT$2.8 billion.
GVC Corp (致福) rose NT$0.90, or 3.4 percent, to NT$27.30. The mobile-phone maker forecasts handset shipments this year will more than double to 3 million units from last year, with more than four-fifths being shipped to Ericsson AB, the paper said.
Nan Ya Plastic Corp (南亞塑膠) rose NT$0.30, or 0.8 percent, to NT$37.30. The maker of plastic and chemical fibers forecasts pretax profit will rise more than fourfold to NT$20 billion this year, boosted by recovering demand for materials used to make circuit boards for the electronics industry.
Powerchip Semiconductor Corp (力晶半導體) fell NT$0.10, or 0.4 percent, to NT$27.40. Taiwan's second-largest computer-memory-chip maker said sales in February rose 3.3 percent on year to NT$1.2 billion. The chipmaker began installing equipment at its 300-mm wafer plant and plans to start test- production in the third quarter.
Siliconware Precision Industries Co (矽品精密) rose NT$0.40, or 1.1 percent, to NT$35.40. The third-largest chip packager said February sales rose more than a quarter from the previous year, and 4 percent from January, to NT$1.7 billion.
Yageo Corp (國巨) rose NT$0.40, or 1.4 percent, to NT$29.80. Taiwan's largest maker of parts that control the flow of electricity in computers and mobile phones said sales in February fell almost half on year to NT$1 billion.
Taiwan’s Lee Chia-hao (李佳豪) on Sunday won a silver medal at the All England Open Badminton Championships in Birmingham, England, a career best. Lee, 25, took silver in the final of the men’s singles against world No. 1 Shi Yuqi (石宇奇) of China, who won 21-17, 21-19 in a tough match that lasted 51 minutes. After the match, the Taiwanese player, who ranks No. 22 in the world, said it felt unreal to be challenging an opponent of Shi’s caliber. “I had to be in peak form, and constantly switch my rhythm and tactics in order to score points effectively,” he said. Lee got
‘CROWN JEWEL’: Washington ‘can delay and deter’ Chinese President Xi Jinping’s plans for Taiwan, but it is ‘a very delicate situation there,’ the secretary of state said US President Donald Trump is opposed to any change to Taiwan’s “status quo” by force or extortion and would maintain that policy, US Secretary of State Marco Rubio told the Hugh Hewitt Show host on Wednesday. The US’ policy is to maintain Taiwan’s “status quo” and to oppose any changes in the situation by force or extortion, Rubio said. Hewitt asked Rubio about the significance of Trump earlier this month speaking with Taiwan Semiconductor Manufacturing Co (台積電) chairman C.C. Wei (魏哲家) at the White House, a meeting that Hewitt described as a “big deal.” Asked whether the meeting was an indication of the
‘RELATIVELY STRONG LANGUAGE’: An expert said the state department has not softened its language on China and was ‘probably a little more Taiwan supportive’ China’s latest drills near Taiwan on Monday were “brazen and irresponsible threats,” a US Department of State spokesperson said on Tuesday, while reiterating Washington’s decades-long support of Taipei. “China cannot credibly claim to be a ‘force for stability in a turbulent world’ while issuing brazen and irresponsible threats toward Taiwan,” the unnamed spokesperson said in an e-mailed response to media queries. Washington’s enduring commitment to Taiwan will continue as it has for 45 years and the US “will continue to support Taiwan in the face of China’s military, economic, informational and diplomatic pressure campaign,” the e-mail said. “Alongside our international partners, we firmly
The Ministry of Foreign Affairs yesterday said it has lodged a protest with Pretoria after the name of the Taipei Liaison Office in South Africa was changed to the “Taipei Commercial Office” on the South African Department of International Relations and Cooperation’s (DIRCO) Web site. In October last year, the South African government asked Taiwan to relocate the Taipei Liaison Office, the nation’s de facto embassy, out of Pretoria. It later agreed to continue negotiating through official channels, but in January asked that the office be relocated by the end of this month. As of the middle of last month, DIRCO’s Web
RSS