Wednesday, July 9, 2014
The 2014 Taiwan-Japan Procurement Meeting was held on July 8 as part of the Taiwan External Trade Development Council's (TAITRA) efforts to match Japanese buyers with local manufacturers.
Mainland China and Hong Kong accounted for 21.6 percent of Taiwan's total foreign trade in the first five months of the year, showing no significant change in their share of Taiwan's total export value.
The U.S. dollar rose against the Taiwan dollar Tuesday, gaining NT$0.010 to close at the day's high of NT$29.970 as local central bank buying in the greenback offset the impact resulting from foreign institutional purchases in the local equity market, dealers said.
Overseas investors last week net overbought local shares worth up to NT$15.41 billion,
Memory module maker ADATA Technology Co. (威剛) yesterday expressed an upbeat outlook for the second half of this year, citing the arrival of the traditional high season in addition to expected surge in demand for DRAM and NAND Flash products.
Shares in Taiwan closed little changed Monday, closing above the 9,500-point mark as certain electronics companies lent support to the broader market, dealers said.
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.
Worldwide tablet computer shipments are expected to slow down this year, with annual growth forecast at below 20 percent, a local analyst said Monday.
The 1.2-percent annual growth in Taiwan's exports in June indicates that the global economy is recovering, according to Australia and New Zealand Banking Group Ltd. (ANZ).