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.
Taiwan shares end down on tech losses
05/10/2021 06:15 PM
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Taipei, May 10 (CNA) Shares in Taiwan closed lower Monday as investors rushed to lock in gains built up in the electronics sector, particularly semiconductor stocks, a session earlier, dealers said.
Buying rotated to non-tech stocks in the raw material industry amid optimism toward a global recovery in demand, and the financial sector also attracted bargain hunting, which prevented the broader market from falling further, the dealers added.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 49.39 points, or 0.29 percent, at 17,235.61, after moving between 17,188.15 and 17,304.47. Turnover totaled NT$490.215 billion (US$17.51 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.
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.