Friday, November 28, 2014
Shares in Taiwan closed higher Thursday as investors were encouraged by a new record high on Wall Street overnight to buy into local shares and extend gains from a session earlier, dealers said.
More than 60 percent of the companies listed on the local over-the-counter (OTC) market were profitable in the third quarter of this year, GreTai Securities Market (GTSM,證券櫃檯買賣中心), which operates the OTC market, said Thursday.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.001 to close at NT$30.951 as traders here took cues from the strength of the South Korean won and other regional currencies to cut their greenback holdings, dealers said.
Shares of MediaTek Inc. (聯發科技), one of Taiwan's leading integrated circuit (IC) designers, got a boost Thursday morning from upbeat assessments by foreign brokerages toward its shipments of fourth-generation (4G) smartphone chips to the huge China market, which could improve the company's gross margin, dealers said.
The Philippines is unlikely to meet its 2014 growth target after the economy's expansion slowed to 5.3 percent in the third quarter.
China is the new El Dorado for U.S. automakers looking to develop sales of their luxury brands, which globally are lagging behind German and Japanese competitors.
Hanwha Group's acquisition of Samsung Group's petrochemical and defense units will further boost Hanwha's core businesses as it will be able to generate synergy with the purchased assets, industry sources and analysts said.
An Australian parliamentary committee Thursday recommended strengthening rules on foreign investment in the country's booming housing market, calling enforcement of the current framework “severely lacking.”
Many more Indonesians are opting for mobile-messaging services, driven by the skyrocketing number of mobile-device owners in the country, a recent survey by London-based research firm GlobalWebIndex has shown.