Stocks fell as chipmakers such as United Microelectronics Corp (
UMC fell NT$1.50, or 3.4 percent, to NT$43.30. HSBC Securities (Asia) Ltd cut its 2002 earnings forecast for the world's No. 2 made-to-order chipmaker by more than a tenth, citing lower third-quarter sales growth as customers cut back orders.
"Chipmakers' third-quarter orders aren't so clear," said Jeff Chen, who manages NT$3.8 billion (US$109 million) in stocks at E. Sun Securities Investment Trust Co (
The TAIEX fell 43.28, or 0.8 percent, to 5,527.80. Within the index, about 23 stocks rose for every 20 that fell. The total value of trade was NT$50.3 billion (US$1.5 billion), almost three-fifths below the six-month daily average of NT$120.7 billion.
The index gained almost nine-tenths between Oct. 3 and April 24 on signs of a US economic recovery. It's fallen 14 percent since then on concern that recovery may lag expectations, damping a revival in companies' earnings.
Amtran Technology Co (
AU Optronics Corp (
Cosmos Bank Taiwan (
Elitegroup Computer Systems Co (精英電腦) rose NT$1, or 0.6 percent, to NT$170. The nation's third-largest computer-motherboard maker forecast sales in May grew a tenth to about NT$5 billion from April, which marked the bottom in terms of month-on-month sales, a Chinese-language newspaper reported, citing Chairman Chiang Kuo-ming (蔣國明). Demand will revive starting at the end of June, the paper cited Chiang as saying.
Silicon Integrated Systems Corp (
United Epitaxy Co (
VIA Technologies Inc (
NO HUMAN ERROR: After the incident, the Coast Guard Administration said it would obtain uncrewed aerial vehicles and vessels to boost its detection capacity Authorities would improve border control to prevent unlawful entry into Taiwan’s waters and safeguard national security, the Mainland Affairs Council (MAC) said yesterday after a Chinese man reached the nation’s coast on an inflatable boat, saying he “defected to freedom.” The man was found on a rubber boat when he was about to set foot on Taiwan at the estuary of Houkeng River (後坑溪) near Taiping Borough (太平) in New Taipei City’s Linkou District (林口), authorities said. The Coast Guard Administration’s (CGA) northern branch said it received a report at 6:30am yesterday morning from the New Taipei City Fire Department about a
IN BEIJING’S FAVOR: A China Coast Guard spokesperson said that the Chinese maritime police would continue to carry out law enforcement activities in waters it claims The Philippines withdrew its coast guard vessel from a South China Sea shoal that has recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal (Xianbin Shoal, 仙濱暗沙) due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, the Philippine Coast Guard (PCG) spokesman Jay Tarriela said yesterday in a post on X. The Philippine vessel “will be in tiptop shape to resume her mission” after it has been resupplied and repaired, Philippine Executive Secretary Lucas Bersamin, who heads the nation’s maritime council, said
REGIONAL STABILITY: Taipei thanked the Biden administration for authorizing its 16th sale of military goods and services to uphold Taiwan’s defense and safety The US Department of State has approved the sale of US$228 million of military goods and services to Taiwan, the US Department of Defense said on Monday. The state department “made a determination approving a possible Foreign Military Sale” to the Taipei Economic and Cultural Representative Office in the US for “return, repair and reshipment of spare parts and related equipment,” the defense department’s Defense Security Cooperation Agency said in a news release. Taiwan had requested the purchase of items and services which include the “return, repair and reshipment of classified and unclassified spare parts for aircraft and related equipment; US Government
More than 500 people on Saturday marched in New York in support of Taiwan’s entry to the UN, significantly more people than previous years. The march, coinciding with the ongoing 79th session of the UN General Assembly, comes close on the heels of growing international discourse regarding the meaning of UN Resolution 2758. Resolution 2758, adopted by the UN General Assembly in 1971, recognizes the People’s Republic of China (PRC) as the “only lawful representative of China.” It resulted in the Republic of China (ROC) losing its seat at the UN to the PRC. Taiwan has since been excluded from