Shares in Taiwan staged a mild rebound Monday from a session earlier, as buying rotated to the financial sector and select old economy stocks, but turnover still fell to a new low for this year, dealers said.
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.031 to close at NT$32.361 after a quiet session ahead of conclusions to be reached by the central banks of the United States and Japan in their policymaking meetings set for later in the week, dealers said.
Taipei-based games developer XPEC Entertainment Inc (樂陞科技) said yesterday it had reached an agreement to become the largest shareholder in AltPlus Inc., a social games developer listed on the Tokyo Stock Exchange.
Taiwan-based HTC Corp. (宏達電), which recently launched its first virtual reality headset, the HTV Vive, has projected that the global VR market will overtake the smartphone market in four years.
Asian markets sank again Monday after losses on Wall Street and in Europe, with oil prices down and the yen recovering some of the losses suffered at the end of last week.
The yen rebounded Monday, with analysts saying last week's dive on a report that the Bank of Japan was considering new stimulus was overdone.
Taipei City Mayor Ko Wen-je (柯文哲) on Sunday responded to criticism of the city government's plan to inaugurate car sharing service U-cars by the end of the year, insisting on pushing for the program, while vowing to consider councilors' concerns.
Sales posted by supermarkets in Taiwan rose almost 10 percent year-on-year in March, outperforming the retail sector as a whole, because of the expansion of their retail networks, according to the Ministry of Economic Affairs (MOEA).
Standard & Poor's Ratings Services (S&P), a U.S.-based ratings agency, has lowered its forecast for Taiwan's economic growth for 2016 to 1.8 percent, citing the impact from China's slowing economy.
In its first appearance at the Taipei International Gift and Stationery Show (Giftionery Taipei, 台北國際禮品暨文具展), Guatemala brings colorful fashion accessories and traditional household textiles enhanced with modern stylings to the show, attracting buyers to the country's booth where 10 companies are showcasing their products.