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Taiwan shares end little changed as early gains eroded
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Nanya profit follows price surge - Taipei Times
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Taiwan shares soar, end day at record high
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Higher prices lift Nanya’s revenue
By Lisa Wang / Staff reporter
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday reported NT$7.6 billion (US$274.33 million) in revenue last month, its highest in nearly three years, as robust demand lifted prices.
Revenue rose 2.84 percent from April and soared 37.02 percent from a year earlier, as its factories ran at full capacity, Nanya said.
The company in April said that chip prices would gradually pick up in the second quarter amid tight supply and strong demand for DRAM chips used in consumer electronics, servers and notebook computers.
Nanya Technology Corp employees are pictured behind the reception desk at the company’s headquarters in New Taipei City’s Taishan District on July 3 last year.
Taiwan shares rise 1.62%, led by large cap stocks
05/28/2021 05:25 PM
CNA file photo
Taipei, May 28 (CNA) Shares in Taiwan moved sharply higher to close above 16,800-point mark Friday as large cap stocks across the board regained their footing in a strong technical rebound after showing weakness a session earlier, dealers said.
A 0.58 percent gain in the Philadelphia Semiconductor Index overnight helped the bellwether electronics sector, and interest was also strong in raw material stocks, especially the steel sector, on hopes that strong demand will push profits higher, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 269.25 points, or 1.62 percent, at 16,870.86, after moving between 16,690.04 and 16,889.01. Turnover totaled NT$493.93 billion (US$17.78 billion).