Shares in Taiwan closed higher Tuesday as buying rotated to the financial sector amid hopes that companies in the sector were more profitable in the first half of the year, dealers said.
Representatives of Taiwan's Energy Service Companies (ESCOs) have declared that they are the ones best suited to lead the nation in a drive to reduce electricity consumption, in the wake of an announcement made after Premier Jiang Yi-huah earlier stated that the nation needs to reduce it's energy usage.1 Comment
Singapore is mounting a drive in China to market itself as a standalone tourism destination, officials said Tuesday, after a drop in Chinese arrivals to neighboring countries affected the city-state.
Shares in Taiwan on Thursday rose to their highest level in over six and a half years and ended at 9,316.81 points as the bellwether electronics sector regained its footing, pushing up the broader market, dealers said.
Shares in Taiwan closed slightly higher Wednesday as buying late in the session propped up select large-cap electronics stocks to help the broader market reverse earlier losses, dealers said.
The Taiwan Stock Exchange's main index continued a winning streak Tuesday, gaining 0.21 percent after hitting a 36-month high of 9,036.12 a day earlier.
Taiwanese providers of solar photovoltaic (PV) modules may stand to benefit as the Australian government launches an anti-dumping investigation into finished and semi-finished Chinese PV imports.
A Taiwanese business association in Vietnam recently expressed its displeasure with the anti-China riots in the Southeast Asian country last week that affected many Taiwan businesses operating there.
Singapore's economy grew 2.3 percent in the first quarter, roundly beating the initial estimate, the trade ministry said Tuesday, with a strong manufacturing sector expected to underpin further growth this year.
In an effort to expand Taiwan's international bonds market, the Taiwan Depository & Clearing Co. (TDCC, 集保中心) held an account opening signing ceremony yesterday with Clearstream, an international clearing Europe-based counterpart.