Taiex hits another all-time intraday high
02/22/2021 05:01 PM
CNA file photo
Taipei, Feb. 22 (CNA) Shares in Taiwan closed higher Monday but pulled back after reaching an all-time intraday high as the market faced technical resistance at around 16,500 points, dealers said.
Semiconductor stocks came under pressure after investors began to unload contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), but interest in market laggards, such as smartphone camera lens supplier Largan Precision Co. and some old economy stocks, kept the market in positive territory at the close, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 68.78 points, or 0.42 percent, at the day s low of 16,410.16, off a record intraday high of 16,579.17, on turnover of NT$352.14 billion (US$12.62 billion).
Yang Ming to Take Delivery of One More 11,000 TEU Ship
Given the increased demand prior to Chinese New Year and THE Alliance’s service deployment, Yang Ming Marine Transport Corp. (Yang Ming) will take delivery of one more 11,000 TEU new chartered vessel ‘YM Target’ on February 5th. With the support from the ship owner, YM Target can be delivered and join Yang Ming’s global fleet nearly three months ahead of schedule. The vessel will be deployed to THE Alliance’s Trans-Pacific route PN3 and provide efficient delivery service between Asia and Pacific Northwest.
To further strengthen Yang Ming’s mid- to long-term operational efficiency, the company ordered a total of fourteen 11,000 TEU newbuildings through long-term charter agreements with ship owners. YM Target is the fourth to be delivered in the series. This type of vessels has a nominal capacity of 12,690 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 332.2 meters, a width of 48.2 meters
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).
Taiwan shares push higher, led by TSMC
01/19/2021 04:34 PM
CNA photo Jan. 19, 2021
Taipei, Jan. 19 (CNA) Shares in Taiwan surged more than 260 points to close above the 15,800-point mark Tuesday, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.
Non-tech stocks largely fluctuated within a narrow range as buying focused on the electronics sector, but companies making products related to disease prevention drew interest amid recent reports in Taiwan of domestically transmitted COVID-19 cases, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 265.37 points, or 1.70 percent, at 15,877.37, after moving between 15,716.64 and 15,928.14, on turnover of NT$316.86 billion (US$11.3 billion).