Tuesday, November 25, 2014
An Economics Daily News report yesterday suggested that TSMC (台積電) has won a decisive victory in the battle against Samsung to secure 80 percent of contract manufacturing order volumes for Apple's upcoming A9 processor.
Wearable devices, the Internet of Things (IoT) and smart home technology are considered the next big thing in the age of technology, and they will be featured in international technology and consumer electronics shows next year.
Clouded by political uncertainty incurred by the Nov. 29 local government elections, shares in Taiwan on Monday inched 0.33 percent to close at 9,122.33 as mainland China's rate cut boosted optimism.
The first leveraged/inverse exchange-traded funds (ETFs) that track the Shanghai Stock Exchange (SSE, 上海證券交易所) 180 Index in Taiwan begin trading today on the local equities market.
Data from the Taiwan Stock Exchange (TWSE) showed that the position of securities net overbought by foreign investors last week posted NT$24.86 billion, compared with NT$23.53 billion from the previous week.
Following the drop of the Chinese yuan, the New Taiwan dollar on Monday slipped against the U.S. dollar and shed NT$0.005 to close at NT$31.010 at the close on the Taipei foreign exchange (forex).
Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and an OPEC meeting to discuss oil production levels.
The euro struggled in Asian trade Monday after being hammered late last week in response to comments from the European Central Bank (ECB) chief hinting at further stimulus measures to fend off deflation.
Oil prices rose in Asia Monday before a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.
Shares in Intesa Sanpaolo leapt Monday following a report the Italian bank is mulling a bid for Coutts, the British private bank that counts Queen Elizabeth II among its clients.