Friday, March 6, 2015
China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.
The economic monitoring indicator flashed a “green” signal in January, which represents a stable economy, said the National Development Council (NDC) yesterday.
Shares in Taiwan trended lower Thursday to close below the 9,600-point level as investors took cues from losses suffered on Wall Street overnight to cut their holdings in the local market, dealers said.
The Consumers' Foundation (CF, 消基會) yesterday blasted new, tighter regulation on Taiwanese travelers who bring back overseas vitamins, arguing that it leaves consumers no recourse against inflated prices at home.
Shares of Hermes Microvision Inc. (漢民微測), a leading Taiwan-based semiconductor inspection tool and equipment supplier, moved higher Thursday after the company gave an optimistic assessment of sales growth for 2015, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.027 to close at NT$31.507 after moving in a narrow range ahead of a policymaking meeting of the European Central Bank (ECB), dealers said.
Thursday, March 5, 2015
Industrial production rose 8.14 percent in January year-on-year, continuing a 12-month growth streak, the Ministry of Economic Affairs (MOEA) said yesterday.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.028 to close at NT$31.480 as foreign fund inflows boosting demand for the local currency, dealers said.
Shares in Taiwan moved higher Wednesday as Hon Hai Precision Industry Co., (鴻海) staged a technical rebound, helping the broader market recoup earlier losses to finish above the previous close, dealers said.