Wednesday, April 23, 2014
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.035 to close at the day's high of NT$30.303 on an improvement in regional manufacturing activity data in the U.S. for April, dealers said.
Shares in Taiwan closed higher Tuesday as high-priced stocks in the bellwether electronics sector steamed ahead in the wake of gains posted by high-tech stocks in the U.S. market overnight, dealers said.
Tuesday, April 22, 2014
Standard Chartered Bank maintained its forecast yesterday for Taiwan's gross domestic product (GDP) growth in 2014 amid an improving global economy.
Taiwan's export orders reached NT$37.94 billion in March, up 5.9 percent compared with a year ago, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
Morgan Stanley has maintained estimates of a sizeable drop in worldwide laptop shipments from major original design manufacturers (ODMs) in Taiwan during the second quarter, according to the Central News Agency (CNA).
Worldwide shipments of smartphones showed better growth than expected in the first quarter of the year on demand from China and other emerging markets, according to a local market information advisory firm.
Taiwan Stock Exchange (TWSE) indicated that foreign institutional investors (FINIs) last week overbought NT$22.42 billion-worth of local shares during the week of April 14 to 18, a 4.72-percent increase from the previous week.
Shares in Taiwan edged lower in thin trading Monday amid cautious sentiment, while the U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.038 to close at the day's high of NT$30.268.
On Monday, the financial regulator approved CTBC Financial Holdings' (中信金控) US$890 million acquisition of Taiwan Life Insurance (台灣人壽), a deal expected to help CTBC diversify beyond the island's crowded banking market.