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May, 30, 2016

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Business > Asia
Domestic gasoline and diesel prices are likely to rise next week to the highest level in almost seven months, based on an increase in international crude oil prices this week, market sources said Friday.
 
Shares in Taiwan moved higher Friday as select heavyweights in the bellwether electronics sector staged a technical rebound from a session earlier to push the weighted index back to the 8,100-point level, dealers said.
 
Production value of the manufacturing sector fell 13.79 percent from a year ago to NT$2.822 trillion in the first quarter, the Ministry of Economic Affairs (經濟部) said on Thursday.
 
Asia stocks were mostly down Thursday, with energy and commodity firms taking a beating as investors digested news that an imminent Federal Reserve interest rate hike could be on the cards.
 
Shares in Taiwan moved lower to close below the 8,100-point mark Thursday in the wake of rising fears that the U.S. Federal Reserve will raise its key interest rates in its next policymaking meeting set for mid-June, dealers said.
 
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.097 to close at NT$32.802 amid renewed concerns over an interest rate hike by the U.S. Federal Reserve in June, dealers said.
 
Taiwan stocks are attractive because of their high dividend payout, lower volatility and future cash flow-generating ability, U.S.-based QS Investors said at a press event Thursday.
 
The Taiwan Stock Exchange (TWSE) said Thursday that the local main board will be closed June 9-10 for the Dragon Boat Festival, a public holiday.
 
Superjet technology nears reality after Australia test
A two-hour flight from Sydney to London is a step closer to reality after the latest successful test Wednesday of hypersonic technology in the Australian desert.
 
Tsai urged to focus on attracting investment
Industry leaders on Wednesday urged the incoming Tsai Ing-wen administration to spur the economy by attracting investment.
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