Friday, September 26, 2014
Sentiment toward the local manufacturing sector turned cautious at a time when optimism about a global economic recovery has dropped, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院), a local think tank, said Thursday, citing the results of a survey.
Shares in Taiwan closed lower Thursday on futures-led selling as foreign institutional investors sold in the spot market to make profits in the futures market, dealers said.
Taiwanese smartphone maker HTC Corp. (宏達電) is losing another senior employee as one of its product managers in the United States has decided to join Cyanogen Inc., the developer of the custom Android software CyanogenMod.
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.062 to close at the day's high of NT$30.310 as traders took hints from the weakness of the local market to further cut their holdings in the local currency, dealers said.
Global stocks markets were mostly higher Thursday after a surge in new home sales in the U.S. bolstered sentiment. But gains were limited by worries about Europe's stagnant economy and violence in Iraq and Syria.
The dollar climbed in Asia on Thursday thanks to strong U.S. housing data while the euro took a hit following another slip in a closely watched survey of German business confidence.
Oil prices edged lower in Asia Thursday but losses were capped following a surprise drawdown in U.S. stockpiles and as dealers await fresh economic data out of Washington, analysts said.
Thursday, September 25, 2014
Stock markets drifted Wednesday as the boost from stronger Chinese manufacturing was overcome by Europe's economic malaise and heightened geopolitical risks after the U.S. and Arab nations attacked the Islamic State group's headquarters in eastern Syria.
The yen picked up in Asia on Wednesday as U.S.-led strikes on militants in Syria and a survey showing further weakness in eurozone business activity fanned uncertainty.
Oil prices were mixed in Asia Wednesday following the return of disrupted Libyan production to an already well-stocked global market and as dealers await the latest U.S. inventory report.