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Taiwan shares soar to end above 15,700 points
02/02/2021 05:13 PM
CNA photo Feb. 2, 2021
Taipei, Feb. 2 (CNA) Shares in Taiwan extended their momentum from a session earlier on Tuesday, moving sharply higher by more than 300 points to close above the 15,700-point level, dealers said.
Market attention focused on the bellwether electronics sector, as investors were encouraged by a strong showing in the tech-heavy Nasdaq index overnight and rushed to pick up integrated circuit stocks, in particular contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the dealers said.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended up 349.96 points, or 2.27 percent, at 15,760.05, after moving between 15,546.69 and 15,838.15, on turnover of NT$306.73 billion (US$10.96 billion).
Taipei, Jan. 18 (CNA) Shares in Taiwan recovered almost all of their earlier losses to close slightly lower Monday as bargain hunters turned active to pick up large cap stocks after the main board dipped and came closer to 15,300 points at one point, dealers said.
TSMC net profit hits new high in 2020
01/14/2021 04:15 PM
CNA file photo
Taipei, Jan. 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world s largest contract chipmaker, on Thursday reported a record high net profit for 2020, which market analysts attributed to its growth in the area of high-end processes.
In a statement released ahead of its investor conference, TSMC said its 2020 net profit rose by an annual 50 percent to NT$517.89 billion (US$18.50 billion), the highest in the company s history, with an earnings per share (EPS) of NT$19.97.
In 2020, TSMC s consolidated sales increased by an annual 25.2 percent to NT$1.34 trillion, also registering a record high, while its gross margin the difference between revenue and cost of goods sold rose 7.1 percentage points from a year earlier to 53.1 percent, according to the statement.
Taipei, Jan. 11 (CNA) Shares in Taiwan closed at a record high Monday after early losses behind a late rally by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) on hopes it will have positive news at its investor conference Thursday, dealers said.