Friday, August 1, 2014
Chemical stocks in Taiwan took a dive Friday after a series of gas explosions rocked Kaohsiung Thursday night, killing 25 people and injuring 267, dealers said.
The “ocean transportation express zone,” the construction of which was completed in June, will go a long way in helping Taiwan's economic development, said Premier Jiang Yi-huah (江宜樺) yesterday.
Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) yesterday rejected rumors that the 131.17-point tumble at the conclusion of yesterday's session was part of reprisals by foreign institutional investors over the regulator's plans to impose controls on reports published by their analysts.
Housing prices in Greater Taipei and Kaohsiung both dropped in the second quarter, while real estate prices in Taipei fell below the level of a year ago, according to a report released by Cathay Real Estate (國泰建設) yesterday.
Philippine monetary authorities raised key interest rates on Thursday for the first time in more than three years in a “pre-emptive” move to keep inflation under control.
Taiwanese smartphone maker HTC Corp. (宏達電) on Thursday forecast third quarter revenues of just NT$42 billion (US$1.4 billion) to NT$47 billion, a decrease of 18-36 percent from the previous quarter.
The Cabinet's Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday adjusted Taiwan's second quarter GDP growth to 3.84 percent, up 1.05 percentage points from its previous estimate.
MediaTek (聯發科), a fabless semiconductor company and system-on-chip (SOC) solution provider yesterday reported its operating results over the second quarter, recording revenues of NT$54.133 billion and after-tax net income of NT$12.549 billion, improving by 17.66 and 23.8 percent quarter-on-quarter, respectively, at the firm's earnings conference.
Quintiles Taiwan (昆泰公司) has managed an average of 25 clinical trial approvals from local regulators over the past five years, which is an annual growth of 28.7 percent, placing it second only to mainland China among all other Asian markets.
Morgan Stanley has raised its price target for shares of Taiwan's Innolux Corp. (群創光電) to NT$13.80 (US$0.46) from NT$12.02, on expectations that the world's No.3 flat panel maker will benefit from a tight supply of TV panels in the second half of this year.