Taiwan shares end lower; tech sector hit hard
05/05/2021 04:37 PM
CNA file photo
Taipei, May 5 (CNA) Shares in Taiwan closed lower Wednesday as investors locked in gains they had built up in electronic shares amid concerns over further volatility in tech stocks on American markets, dealers said.
The semiconductor sector faced heavy downward pressure, dragging the entire tech sector lower, while old economy stocks largely staged a rebound from a day earlier, dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 90.34 points, or 0.53 percent, at the day s low of 16,843.44, off a high of 17,052.20.
Turnover totaled NT$455.13 billion (US$16.27 billion).
Taiwan shares end below 17,000-point mark off early low
05/04/2021 04:10 PM
CNA photo May 4, 2021
Taipei, May 4 (CNA) Shares in Taiwan extended their losses from a session earlier to close below the 17,000-point mark Tuesday off an early low, as investors rushed to lock in gains previously built for large-cap non-tech stocks, dealers said.
While the bellwether electronics sector continued to trend lower, its losses were limited, as contract chipmaker Taiwan Semiconductor Manufacturing Co.(TSMC) and United Microelectronics Corp. (UMC) managed to buck the downturn to end in positive territory, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 288.57 points, or 1.68 percent, at 16,933.78, after moving between 16,647.61 and 17,328.55. Turnover hit a new high of NT$664.2 billion (US$23.77 billion).
TAIEX is consolidating, minister says
BUBBLE INSURANCE? First Capital Management chairman Edward Chen said that the corrections reduce bubble pressure and steady the TAIEX after a rise in margin trading
By Crystal Hsu / Staff reporter
Minister of Finance Su Jain-rong (蘇建榮) yesterday urged investors to remain calm, calling declines in the local bourse on Monday and yesterday a common period of consolidation following last month’s recurrent rallies to record highs on the back of an economic boom.
The TAIEX yesterday shed 288.57 points, or 1.68 percent, to 16,933.78 on an unprecedented turnover of NT$664.2 billion (US$23.762 billion) amid panic selling by day traders, analysts said.
T3EX net profit soars on higher air, sea cargo rates
By Kao Shih-ching / Staff reporter
Freight forwarder and logistics operator T3EX Global Holdings Corp (台驊國際投資控股) saw its net profit advance 17.39 times from a year earlier to NT$398.17 million (US$14.25 million) last quarter, as air and sea cargo rates remained high.
Earnings per share (EPS) jumped to NT$3.16 last quarter, not only hitting the highest in a single quarter, but also surpassing cumulative EPS in the first three quarters of last year, it said yesterday.
“We suffered in the first quarter last year due to the COVID-19 pandemic and even had to ask some of our employees to take unpaid leave. However, the tide has turned this year,” T3EX chairman David Yen (顏益財) told an earnings conference.
Taiwan shares end lower off early low
04/28/2021 06:52 PM
CNA file photo
Taipei, April 28 (CNA) Shares in Taiwan closed lower Wednesday in the wake of lackluster U.S. markets overnight, but came off an even earlier low, driven by ample liquidity, dealers said.
The bellwether electronics sector moved lower, led by major semiconductor stocks, while rotational buying bolstered select old economy heavyweights, preventing the broader market from falling further, the dealers said.
Market sentiment remained cautious throughout the session ahead of the outcome of a two-day policy making meeting of the U.S. Federal Reserve due later in the day, the dealers said.