MSCI Global Standard Indexes adds Yang Ming
STRONG SHOWING: Analysts said Yang Ming Marine Transport Corp was added thanks to its performance on the Taiwan Stock Exchange as freight rates rose
Staff writer, with CNA
Yang Ming Marine Transport Corp (陽明海運), one of the leading container cargo service providers in Taiwan, has been added to the MSCI Global Standard Indexes after a semi-annual review.
In a statement on its Web site yesterday, the index provider said that it removed Yang Ming from the MSCI Global Small Cap Indexes, but added it to the MSCI Global Standard Indexes.
Conversely, it said that it removed computer periphery supplier Chicony Electronics Co (群光電子) and property developer Highwealth Construction Co (興富發) from the MSCI Global Standard Indexes, but added them to the MSCI Global Small Cap Indexes.
Taipei, May 12 (CNA) Shares in Taiwan moved sharply lower Wednesday, plummeting more than 8 percent amid a sudden rise in the number of domestically transmitted COVID-19 cases and talk of tightening restrictions before rebounding, dealers said.
MSCI cuts Taiwan s weighting in 3 indexes
05/12/2021 06:50 PM
CNA photo May 12, 2021
Taipei, May 12 (CNA) MSCI Inc., a global index provider, has decided to cut Taiwan s weighting in three of its major indexes after a semi-annual index review in May.
In a statement released on its website Wednesday (Taipei time), MSCI said it has downgraded Taiwan s weighting in the MSCI Emerging Markets Index, which is closely watched by foreign institutional investors, to 13.95 percent after the index review, from 14.21 percent previously.
It was the ninth consecutive downgrade of Taiwan s weighting in that index.
MSCI said it has also lowered Taiwan s weighting in the MSCI All-Country Asia ex-Japan Index and in the MSCI All-Country World Index by 0.3 percentage points and 0.01 percentage points, respectively, to 15.72 percent and 1.81 percent.
Taiwan shares plunge over 600 points; turnover hits high
05/11/2021 05:29 PM
CNA photo on May 11
Taipei, May 11 (CNA) Shares in Taiwan took a beating Tuesday, led by the bellwether electronics sector, as selling was sparked by a plunge suffered by tech stocks on United States markets overnight, dealers said.
The heavy losses across the board also reflected cautious market sentiment amid escalating worries over an increase in domestically transmitted COVID-19 cases, which prompted the government to tighten its measures to fend off infections by banning large gatherings, the dealers said.
The Taiex, the weighted index on the Taiwan Stock (TWSE), ended down 652.48 points, or 3.79 percent, at 16,583.13, after moving between 16,460.87 and 17,137.19. Turnover totaled NT$714.84 billion (US$25.65 billion), the highest level in history.
TAIEX shares dive 3.79%; turnover highest recorded
HEAVY LOSSES: Concerns about an increase in domestic COVID-19 cases and an overnight plunge in technology stocks in the US caused the sell-offs, local dealers said
Staff writer, with CNA
The TAIEX took a beating yesterday, led by the bellwether electronics sector, as an overnight plunge in technology stocks on US markets sparked selling.
The heavy, across-the-board losses also reflected cautious market sentiment amid worries over an increase in domestically transmitted COVID-19 cases, which prompted the government to tighten its disease prevention measures, including by banning large gatherings, dealers said.
The TAIEX closed down 652.48 points, or 3.79 percent, at 16,583.13. Yesterday’s decline was the third-worst ever, trailing only a plunge of 660.72 points (5.75 percent) on Oct. 11, 2018, and a drop of 696.97 points (6.31 percent) on Jan. 30 last year, Taiwan Stock Exchange