Taiwan shares rally on strong tech gains
05/25/2021 05:42 PM
CNA file photo
Taipei, May 25 (CNA) Shares in Taiwan moved sharply higher Tuesday as the bellwether electronics sector steamed ahead, led by large cap semiconductor stocks, in the wake of a rally by their counterparts on the American markets overnight, dealers said.
Buying also rotated to the petrochemical sector, giving additional support to the broader market, while shipping stocks pulled back from their recent strong upturn throughout the session, dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 257.38 points, or 1.58 percent, at 16,595.67, after moving between 16,444.75 and 16,657.60. Turnover totaled NT$527.34 billion (US$18.91 billion).
Taiwan shares end up after recouping earlier losses on COVID
05/24/2021 06:10 PM
CNA file photo
Taipei, May 24 (CNA) Shares in Taiwan closed slightly higher Monday after recovering losses caused by fears over an escalation of domestically transmitted COVID-19 cases reported over the weekend, dealers said.
Buying in select old economy stocks, in particular in the shipping and textile sectors, continued on the back of growing global demand, while the bellwether electronics sector climbed out of its earlier weakness, giving additional support to the broader market, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 36.23 points, or 0.22 percent, at 16,338.29, after moving between 16,136.97 and 16,397.59. Turnover totaled NT$422.97 billion (US$15.16 billion).
Chipmakers tighten virus measures
READY: TSMC introduced a rotational work schedule when the alert level was raised, so it said operations would not be affected by one of its staff testing positive for COVID-19
Staff writer, with CNA
Semiconductor suppliers are on alert over an escalation in domestically transmitted COVID-19 cases in Taiwan, to ensure that there is no interruption to their production, especially amid a global chip shortage.
As the companies’ production is predicted to remain unscathed due to tightened disease prevention measures, several IC heavyweights still expect their second quarter sales to smash quarterly records.
That is because the semiconductor sector is expected to continue benefiting from solid global demand caused by emerging technologies such as 5G applications, high-performance computing devices and gadgets, including notebook computers, tablets and Internet-related communications equipment used in t
Taiwan s chipmakers take measures against COVID-19
05/22/2021 04:05 PM
A TSMC factory in Tainan. CNA file photo
Taipei, May 22 (CNA) Semiconductor suppliers in Taiwan have heightened their alert over an escalation in domestically transmitted COVID-19 cases in the country, to ensure that there will be no interruption to their production, especially amid a global shortage in microchips.
Despite more than 1,500 cases reported in the past week, the companies production is expected to stay unscathed under tightened disease prevention measures. Several integrated circuit heavyweights still expect their sales for the second quarter to continue to smash quarterly records.
The local semiconductor sector is expected to continue to benefit from solid global demand on the back of emerging technologies such as 5G applications, high performance computing (HPC) devices, as well as gadgets, including notebook computers, tablets and Internet-related communications equipment used in a booming st
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