Friday, November 27, 2015
Along with Taipei's sky-high housing prices, buying a parking space in the capital city is a very costly endeavor, with the most expensive one priced at NT$8.2 million (US$252,392), according to surveys conducted by local realtors.
Shares in Taiwan made a significant comeback Thursday as investors scrambled to buy into large-cap stocks across the board, taking advantage of relatively low valuations caused by losses seen in recent sessions, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.054 to close at NT$32.701 after Taiwan's central bank intervened to prop up the greenback, dealers said.
Thursday, November 26, 2015
Rationing of electricity and protests by environmentalists are the main disadvantages of making investments in Taiwan, said Morris Chang (張忠謀), chairman of Taiwan Semiconductor Manufacturing Company (TSMC, 台積電).
The local manufacturing sector is likely to stage a rebound in the fourth quarter of this year based on the latest data released by the Taiwan Institute of Economic Research (TIER), the think tank said Wednesday.
The Financial Supervisory Commission (FSC, 金管會) said it has begun to assess the feasibility of allowing unlimited day trading as part of a fresh market stimulus slated for January.
Shares in Taiwan extended losses from a session earlier to close below the 8,400 point mark Wednesday as large-cap stocks almost across the board faced downward pressure, dealers said.
Minister of Finance Chang Sheng-ford (張盛和) said Wednesday that terror fears worldwide are likely to impose an adverse impact on Taiwan's exports.
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.099 to close at NT$32.647 on the back of the continued month-end New Taiwan dollar-denominated fund demand from Taiwanese exporters, dealers said.
Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves.