Taiwan shares end up in last session of Year of the Rat
02/05/2021 06:35 PM
CNA photo Feb. 5, 2021
Taipei, Feb. 5 (CNA) Shares in Taiwan closed higher on Friday, the last trading session in the Year of the Rat, as the bellwether electronics sector continued to lead the broader market, dealers said.
During the Year of the Rat, the local main board jumped more than 30 percent despite the economic impact of COVID-19, as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock, soared about 90 percent in the year, dealers added.
On Friday, the weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex ended up 96.18 points, or 0.61 percent, at 15,802.40, after moving between 15,774.34 and 15,938.09, on turnover of NT$280.41 billion (US$10.03 billion).
Taiwan shares make significant comeback as TSMC soars
02/01/2021 05:05 PM
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Taipei, Feb. 1 (CNA) Shares in Taiwan staged a significant rebound Monday from a slump seen last week as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) bounced back, leading the bellwether electronics sector to move sharply higher, dealers said.
Despite the more-than 270-point spike on the main board, turnover remained moderate, indicating that many investors appeared reluctant to chase prices ahead of the upcoming Lunar New Year holiday, the dealers said.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended up 271.78 points, or 1.80 percent, at 15,410.09, after moving between 15,089.96 and 15,429.98, on turnover of NT$274.02 billion (US$9.78 billion). Last week, the Taiex plunged about 5.5 percent, led by TSMC.
Taipei, Jan. 13 (CNA) Shares in Taiwan moved sharply higher by more than 260 points to close at a new high on Wednesday, thanks to a surge in the bellwether electronics sector, casting off a slowdown seen a session earlier, in a market awash in liquidity, dealers said.
TSMC top pick on stabilization fund list to support market
01/13/2021 07:50 PM
CNA file photo
Taipei, Jan. 13 (CNA) Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) was the top pick on the investment list of the National Stabilization Fund, as the fund entered the local equity market in its latest efforts to prop up the market, the fund s committee said Wednesday.
According to the committee, the stabilization fund injected a total of NT$757 million (US$266 million) during the period between March 20 and Oct. 12 in 2020 to reinforce investor confidence in a market in turmoil over the COVID-19 pandemic.
During the period, the fund spent NT$168 million on shares of TSMC, the most heavily weighted stock in the local market, accounting for more than 22 percent of the total investment, making the chipmaker the top investment on the list, the committee said.
Two banks set goal of all bilingual service by 2026
ENGLISH PROFICIENCY: E.Sun Bank, which has 139 local branches, and Hua Nan Bank, which operates 186, are set to take up the FSC’s bilingual challenge
Staff writer, with CNA
E.Sun Commercial Bank (玉山銀行) and Hua Nan Commercial Bank (華南銀行) on Tuesday said that they would make all of their branches bilingual by 2026, with their employees proficient in English.
E.Sun Financial Holding Co (玉山金控) wholly owns E.Sun Bank, which has 139 branches in Taiwan, while Hua Nan Financial Holding Co (華南金控) owns Hua Nan Bank, which has 186 branches.
Since last year, the Financial Supervisory Commission (FSC) has been pushing local banks to become bilingual in a bid to boost the competitiveness of the banking sector.