Tuesday, October 28, 2014
A watershed scheme to allow cross-trading between Hong Kong and Shanghai's stock markets has been delayed, a Hong Kong official said Monday, warning that pro-democracy protests gripping the city could impact the project's progress.
Taiwanese computer maker Acer Inc. (宏碁) said Monday that it continued to make strong progress in the United States market in the third quarter thanks in part to its stronger push in the education and commercial sectors.
Samsung recently extended its partnership with the International Paralympic Committee (IPC, 國際殘障奧林匹克委員會) to 2020 and donated 3000 GALAXY S3 Neo smartphones to the United Nations' Office for the Coordination of Humanitarian Affairs (OCHA).
Food industry stocks saw a pronounced across-the-board 4.5-percent decline during yesterday's session, with sector bellwether Uni-President (統一) shares opening at 7 percent below yesterday's closing shortly after the opening bell, while the weighted index on the Taiwan Stock Exchange lost 18.23 points to close at 8627.78 points on diminished turnover of NT$65.963 billion.
For its involvement in the tainted oil scandal, Ting Hsin International Group (頂新國際集團) should step down from the management position of Taipei 101, so as to maintain the Taipei landmark building's image, Finance Minister Chang Sheng-ford (張盛和) said yesterday.
Eleven countries and regions, mainly in Asia, have barred certain food products from Taiwan due to the current edible oil scandal, affecting NT$2.2 billion (US$72.4 million)-worth of exports, Economics Minister Duh Tyzz-jiun (杜紫軍) said Monday.
Siliconware Precision Industries Co. (SPIL, 矽品精密工業) on Monday reported earnings per share (EPS) of NT$1.04 for the third quarter, an increase of 48.57 percent year-on-year.
Shares in Taiwan closed 0.21 percent down at 8,627.78 while the U.S. dollar fell against the Taiwan dollar, shedding NT$0.01 to close at NT$30.403 on the Taipei forex Monday.
Taiwan's economy showed steady growth in September for the eighth consecutive month despite a cooking oil scandal that hurt consumer confidence, the country's economic planning body said Monday.
European shares turned lower on Monday after disappointing economic data from Germany and as traders became cautious about the banks that failed a region-wide stress test.